The German government has decided to acquire the Joint Strike Missile for its
F-35 fighter jets in an agreement that is expected to be worth about NOK 6.5
billion for Kongsberg Defence & Aerospace (KONGSBERG).

"We are pleased to welcome Germany as the fifth nation to select the JSM for its
F-35 fleet," said Eirik Lie, President of Kongsberg Defence & Aerospace. The
JSM's navigation system, flight profile and automatic target recognition
technology make it a great match for the F-35.

The proposed acquisition is structured as a government-to-government sale
between Norway and Germany, under the Naval Defence Material Cooperation between
the two nations. According to the agreement, Norway's Defence Material Agency
(NDMA) will act as contract partner. 

The government-to-government agreement for the German procurement of JSM was
approved by the Bundestag on 4 June. As referenced during KONGSBERG's Q1
reporting, negotiations are ongoing. The contract is expected to be signed by
the end of the first half of 2025. 

Germany will be fifth country to select the JSM alongside existing customers
Norway, Japan, Australia and 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 14 600 employees in more than 40
countries and has a total revenue of NOK 48.9 billion in 2024.