01 Nov 2024 08:30 CET

Issuer

Kongsberg Gruppen ASA

Kongsberg Defence & Aerospace (KONGSBERG) has entered a fourth follow-on
contract with Japan to supply the Joint Strike Missile (JSM) for the country’s
fleet of F-35A fighter aircraft. The contract is valued at NOK 1.9 billion.

The JSM is a 5th generation stealth air-to surface missile developed to fill
F-35A anti-surface warfare (ASuW) and land attack capability gaps. JSM can be
carried internally in the F-35A thus ensuring the aircraft’s agility, range and
low-signature capabilities.

“The fifth order for the Joint Strike Missile underlines the important role of
the JSM in Japan’s national defence strategy and is another example of the close
and growing relationship between Norway, Japan and Kongsberg,” said Eirik Lie,
President of Kongsberg Defence & Aerospace.

Japan first ordered the JSM in 2018 and has since placed several follow-on
contracts with KONGSBERG. The JSM user community continues to grow, and now
includes Norway, Japan, Australia and the US Air Force.

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.


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