21 Nov 2024 11:45 CET

Issuer

Kongsberg Gruppen ASA

Kongsberg Defence & Aerospace (KONGSBERG) has signed a contract with the
government of the Netherlands for the delivery of NASAMS and NOMADS air defence
systems. The contract is valued at about NOK 12 billion.

The contract was signed on November 21. It followed the announcement by
KONGSBERG on October 14, when the Dutch government filed a recommendation to
Parliament, outlining its intention to acquire the new systems as part of the
CITADEL programme, a comprehensive integrated air and missile defence programme.
LINK:
https://www.kongsberg.com/kda/news/news-archive/2024/netherlands-to-acquire-nasa
ms-and-nomads-air-defence-systems-from-kongsberg/

“By selecting NASAMS and NOMADS the Netherlands will enhance its air defence
capabilities with an integrated system that covers short- and medium range
threats. The Netherlands continues to be a strong and integral member of the
larger NASAMS user community, and we are pleased to welcome the country as the
first international NOMADS user,” said Eirik Lie, President of Kongsberg Defence
& Aerospace.

The Netherlands first acquired the NASAMS system in 2006. The new acquisitions
will improve and expand the country’s ground-based air defence capabilities. The
CITADEL solution also includes the National Manoeuvre Air Defence System, NOMADS
– a highly mobile air defence configuration with short range missiles tailored
to protection of land forces in a dynamic and contested land warfare
environment. NOMADS is fully integrated with NASAMS and other NATO systems,
enabling autonomous and networked operations with multiple vehicles.

Deliveries will commence in 2028.

NASAMS (National Advanced Surface-to-Air Missile System) is the world’s first
operational Network Centric Short to Medium Range Ground Based Air Defence
System, delivered by KONGSBERG and Raytheon of the US.

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