Fjord Defence Group - Scanfiber Composites secures NOK 8,85 million order for advanced spall liners to enhance NATO armored vehicle protection

10 Dec 2025 08:00 CET

Reference is made to the stock exchange announcement made by Fjord Defence Group
ASA ("Fjord Defence Group" or the "Company") on 27 November 2025 regarding an
agreement to acquire all outstanding shares in Scanfiber Composites A/S, a
leading specialist in ultralight ballistic protection composites for defense
applications. Scanfiber Composites A/S is pleased to announce that it has
received a significant order for Spall Liners designed for Armored Personnel
Carriers (APCs) and Scout Vehicles. The order, valued at NOK 8,85 million, has
been placed by a NATO member country, underscoring the Company's growing role in
supplying critical protective solutions to allied forces.

This contract highlights Scanfiber's expertise in developing lightweight,
high-performance composite materials that mitigate spall fragments from
ballistic impacts, significantly enhancing occupant safety without compromising
vehicle mobility. Deliveries are scheduled to commence in late summer 2026 and
will continue through autumn 2027, aligning with the customer's operational
timelines.

As a trusted provider of innovative ballistic protection systems, Scanfiber
continues to expand its footprint in the European and NATO defense markets. This
order builds on the Company's proven track record of delivering reliable,
NATO-compliant solutions that meet stringent performance standards.

CEO Jon Asbjørn Bø, of Fjord Defence Group ASA, comments: "This order represents
a key milestone in our commitment to supporting NATO allies with cutting-edge
protective technologies. The selection of our Spall Liners for these vital
vehicles demonstrates the confidence our customers place in Scanfiber's
engineering excellence and rapid deployment capabilities. We anticipate this to
pave the way for further opportunities in the armored vehicle sector."

Scanfiber Composites A/S remains well-positioned to capitalize on increasing
global demand for advanced defense composites, driven by heightened security
needs.


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

ABOUT FJORD DEFENCE GROUP ASA Fjord Defence Group ASA ("DFENS") is a Norwegian
"compounder" listed on Euronext Oslo Børs 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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