Fjord Defence Group ASA – Progress on US development contract for lightweight tripod

12 Aug 2025 07:00 CEST

Oslo, 12 August 2025

Fjord Defence Group ASA’s subsidiary Fjord Defence (FD) is pleased to report
that FD has concluded qualification on its development contract in the US for
the Lightweight Machine Gun Tripod (LMGT) with Assistant Secretary of Defense
for Special Operations and Low-Intensity Conflict ASD(SO/LIC). The development
contract was won through a competitive process in 2024 and consisted of
development, initial delivery and options. 50% of the options are already
ordered and will be delivered to the customer in the US in December 2025.

Designed to support military innovation in Irregular Warfare, the LMGT is
purpose-built to serve as a stable platform for the ongoing upgrades to ground
operator weapon systems. It is compatible with several weapons including the new
.338 caliber machine gun. FD’s LMGT stands out versus competitors due to its
superior stability and weight ensuring optimized weapon performance. The .338
caliber is a new caliber which the US and other NATO countries have planned to
introduce in their Armies and special forces over the next years.

Jon Asbjørn Bø, CEO in Fjord Defence Group, comments: “The successful
qualification of our newly developed lightweight tripod represents a major step
forward for FD to scale our present in the US market. As the tripod is tailored
to the new .338 caliber, but also compatible for all types of 7.62 caliber, the
future annual revenue potential for FD is substantial, especially from 2027
onwards. We also experience large interest for the LMGT from several other NATO
countries, and it will be launched at one of the largest defence exhibitions
DSEi in London during September this year”

For further information, please contact:
Jon Asbjørn Bø, CEO
jon.asbjorn.bo@fjorddefence.com
+47 930 86 932

About Fjord Defence Group ASA

Fjord Defence Group ASA, "DFENS" is a Norwegian "compounder" listed on Euronext
Expand seeking to acquire and develop fast-growing, profitable, and well-run
companies in the defence industry. The company has a buy & build strategy, with
focus on acquiring established, profitable businesses within the defence,
security and related segments. More information on www.fjorddefencegroup.com.

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