04 Oct 2024 09:00 CEST

Issuer

Kongsberg Gruppen ASA

Kongsberg Defence & Aerospace (KONGSBERG) has signed a contract with the
Ministry of National Defence in the Republic of Lithuania for the delivery of
more NASAMS air defence systems. The EUR 193 million contract will provide
Lithuania with the latest technology and increased air defence capabilities.

As part of the contract, Lithuania will also upgrade parts of the NASAMS
equipment the country acquired in 2017. The acquisition follows the orders
placed in December 2023 to increase the number of NASAMS fire units providing
Lithuania with the most modern and advanced air defence system.

“KONGSBERG sees increased demand from existing NASAMS users to upgrade and
expand their NASAMS assets. The NASAMS system is an important defence capacity
given the geopolitical situation in the world. The contract with Lithuania also
strengthens the country's partnership with NATO,” said Eirik Lie, President of
Kongsberg Defence & Aerospace.

Previously, Lithuania’s Ministry of Defence has purchased NASAMS missile
launchers for donation to Ukraine, where the system has contributed to the
protection of people and critical infrastructure.

NASAMS' modularity and open architecture enable the continuous introduction of
new technology, which ensures that the system can adapt to new threats and
missions throughout its lifetime. NASAMS is the market's most flexible solution
covering a wide range of air defence missions and growth potential for long
range air defence and anti-tactical ballistic missiles as part of the NASAMS
architecture.

With this procurement Lithuania further strengthens its commitment to the NASAMS
community, currently consisting of 13 nations.

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 13,500 employees in 39 countries
and has a total turnover of NOK 40.6 billion in 2023.

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Source

Kongsberg Gruppen ASA

Provider

Oslo Børs Newspoint

Company Name

KONGSBERG GRUPPEN, Kongsberg Gruppen ASA 16/26 3,20%, Kongsberg Gruppen ASA 21/26 FRN, Kongsberg Gruppen ASA 23/30 4,85%

ISIN

NO0003043309, NO0010766512, NO0010940422, NO0012928227

Symbol

KOG

Market

Oslo Børs