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Kongsberg Gruppen Gets "Significant" Drillships Contract

Norwegian conglomerate Kongsberg Gruppen ASA (KOG.OS) said Thursday it has been awarded a "significant" offshore automation contract with Daewoo Shipbuilding & Marine Engineering Co. Ltd. (042660.SE).MAIN FACTS:-The contract covers deliveries to four Transocean Ltd. (RIG) owned new-build drill ships, with an option for Kongsberg to deliver products and services for six more drill ships.-Kongsberg Maritime will commence deliveries early in 2014.-All key deliveries from Kongsberg are scheduled for completion by Jun. 2014 for the first vessel and by Oct. 2015 for the fourth vessel.-Financial details not disclosed.-At 0920 GMT shares traded 0.5% higher at NOK107.-Write to Dominic Chopping at dominic.chopping@dowjones.com; Twitter: @WSJNordicsSubscribe to WSJ: http://online.wsj.com?mod=djnwiresCopyright © 2013 Dow Jones Newswires...

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