KONGSBERG signs contracts with the Norwegian Navy valued at MNOK 1,426 for delivery of Naval Strike Missiles (NSM) and life extension of the existing…

Today, Kongsberg Defence & Aerospace AS (KONGSBERG) signed two contracts, valuedat MNOK 1,426, with the Norwegian Defence Materiel Agency (FMA). KONGSBERG willdeliver a new batch of Naval Strike Missile (NSM) to the Norwegian Navy'sfrigates and corvettes. The existing inventory of missiles will go through aseries of maintenance actions to extend their operational timeline and continueproviding state of the art defence capabilities for the Navy.The triangular collaboration between KONGSBERG, the Norwegian Armed Forces andthe Norwegian Defence Research Establishment (FFI) is the key to our ability todevelop such advanced and complex systems. We are also very proud to sign amaintenance agreement that will extend the missile's shelf life, ensuring thatthe Navy will remain operational with this important capability. Contracts suchas this support KONGSBERG's and FMA's sustainability goals, and helps to securefurther employment, not only for our employees, but also for our nationalsubcontractors. We cannot produce nor deliver such advanced and state-of-the-artproducts alone," says yvind Kolset, Executive Vice President of KongsbergDefence & Aerospace.The Naval Strike Missile is a fifth-generation missile with a low radarsignature for use in sea-to-sea or sea-to-land defence. The missile, with itssuperior performance, can go up against well-defended targets with the abilityto penetrate the most advanced air defence. NSM is set up with integratedsensors to locate exact targets to engage, and will self-destruct if it isunable to locate its intended target - a build-in safety mechanism avoidingcollateral damage.For further information:Ronny Lie, Chief Communication Officer, (+47) 91 61 07 98Jan Erik Hoff, Group Vice President Investor Relations, (+47) 99 11 19 16KONGSBERG (OSE-ticker: KOG) is an international, leading global technologycorporation delivering mission-critical systems and solutions with extremeperformance for customers that operate under extremely challenging conditions.We work with nations, businesses and research environments to push theboundaries of technology development in industries such as space, offshore andenergy, merchant marine, defence and aerospace, and more. KONGSBERG has about11,000 employees located in more than 40 countries, creating a total revenue ofNOK 25.6bn in 2020.Follow us on: kongsberg.com, Facebook, Twitter and LinkedIn

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Oslo Bors ASA, source Oslo Stock Exchange

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KONGSBERG signs contracts with the Norwegian Navy valued at MNOK 1,426 for delivery of Naval Strike Missiles (NSM) and life extension of the existing...