Fjord Defence Group ASA - Fjord Defence AS enters into new contract in a European NATO country – value approximately NOK 16.3 million

26 Jan 2026 08:00 CET

Oslo, 26 January 2026

Fjord Defence Group ASA is pleased to announce that its subsidiary Fjord Defence
AS has signed a new contract with a customer in a NATO member country in Europe.

The contract has an approximate value of EUR 1.4 million (equivalent to
approximately NOK 16.3 million at current exchange rates, subject to final
adjustments). It covers a significant delivery of a unique product developed by
Fjord Defence, which significantly improves the performance of ground-mounted
machine guns. Deliveries will be done during 2026.

Harald Lunde, CEO of Fjord Defence AS, comments: “This new contract further
confirms the strong demand for Fjord Defence’s unique and high-performance
solutions. We are experiencing favourable market conditions in several European
NATO countries, where our proprietary products are increasingly recognised for
delivering superior performance and reliability in critical defence
applications.”

The award of this contract demonstrates continued strong demand for Fjord
Defence's proprietary and high-performance solutions in the international
defence market.

For further information, please contact:
Jon Asbjørn Bø, CEO
Email: jon.asbjorn.bo@fjorddefence.com
Phone: +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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