15IO Euro.bk. 36

RNS Number:4709L
Kvaerner PLC
11 October 2001


Kvaerner awarded US$15 million contract by US Army

LONDON, 11 OCTOBER 2001: Kvaerner, the Anglo-Norwegian engineering and
construction Group, today announced that it has been awarded a US$15 million
contract by the United States Department of Defence for Tropic Test Support
Services at international locations, in support of the United States Army,
Yuma Proving Ground, Arizona, USA.

Kvaerner Process Services, Inc., Houston, USA, will provide support in
engineering, logistics, materials, instrumentation, electronics, environmental
sciences, communications and computer systems, as well as in supporting
Cooperative Research and Development Agreements with international colleges
and universities.  The contract is for an initial period of five years with
one three-year option to extend.  Completion is scheduled for September 2009.

Keith Henry, Chief Executive, Kvaerner E&C, said: "Kvaerner was competitively
evaluated to be the best value contractor for provision of these environmental
and operational test services.  I am delighted that we have been awarded this
contract, which reconfirms our outstanding reputation within the US Department
of Defence and Industry."


For further information, please contact:

Kvaerner, London, Vanessa Mourant, Tel: +44 (0)20 7957 3290 or
vanessa.mourant@kvaerner.com
Kvaerner, William S. McVicar, Tel: +1 713 270 3103 or
bill.mcvicar@kvaerner.com

Notes to editors:  Kvaerner is a world-class Anglo-Norwegian engineering and
construction Group.  It meets the needs of its customers by adding value to
their business - through the provision of innovative, cost-effective solutions
to engineering, contracting and construction challenges.  The Group's
activities are currently organised in two core business areas: E&C
(Engineering and Construction), and Oil & Gas.  Kvaerner is a Norwegian
registered business, but has a London, UK-based international headquarters. 
The Group has annual revenues in excess of US$6 billion, with some 35,000
permanent staff located in almost 35 countries throughout Europe, Asia, the
Americas, Australia, and Africa.

www.kvaerner.com

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