The United States Marine Corps has awarded a full-rate production contract to
Kongsberg Defence & Aerospace (KONGSBERG) valued at up to $330 million for the
30mm remote turret for the Amphibious Combat Vehicle 30mm program (ACV-30). 

The first order on the contract from PEO Land Systems Program Manager Advanced
Amphibious Assault (PM AAA) includes a substantial number of turrets to be
manufactured at Kongsberg's remote weapon system facility in Johnstown, Penn. A
recent expansion at the facility has resulted in more jobs and a dedicated
medium caliber turret production line. 

"KONGSBERG is honoured to support the US Marine Corps by equipping them with
increased firepower and capacity," said Eirik Lie, President of Kongsberg
Defence & Aerospace. "The ACV-30 offers superior performance compared to current
comparable systems, and we see the market potential for our medium caliber
turrets as positive, both in the US and internationally."
    
ACV-30 is one of four variants in the next-generation ACV family of vehicles
designed, developed and built by BAE Systems. The ACV-30 variant mounts
Kongsberg's stabilized, remotely operated MCT-30 that provides the capabilities
and protection Marines. The ACV-30 turret is vehicle agnostic, able to accept
armour and a variety of effectors, including anti-tank guided missiles (ATGM). 

All remote weapon stations and remote turrets delivered to U.S. customers are
manufactured in Kongsberg's Johnstown, Penn. facility and leverage an extensive
American supply base. For 20 years, Kongsberg has been the sole provider of
these systems to the US and delivery programs include the Marine Air Defense
Integrated System (MADIS) RWS and the Commonly Remotely Operated Weapon Station
(CROWS) to the US Army. More than 20,000 remote weapon stations and remote
turrets have been produced in this facility since it opened in 2008. 

This contract follows the purchase of long-lead items last winter to maintain
production and delivery timelines for the U.S. Marine Corps' ACV-30 program. The
contract also includes negotiated options for additional systems. Initial
deliveries are expected in the near future.

KONGSBERG in November 2024 announced a contract for long-lead items worth USD 51
million, signaling the start of the ACV-30 project. The order announced today is
valued at about USD 118 million.

KONGSBERG (OSE ticker: KOG) is an international knowledge-based group that
supplies high-technology systems and solutions to customers in a wide range of
markets such as defence, security, maritime, energy, aerospace, climate mapping
and subsea technology. KONGSBERG has more than 14 600 employees in more than 40
countries and has a total revenue of NOK 48.9 billion in 2024.