KONGSBERG signs new contract for Naval Strike Missiles to Spain
The Spanish Navy has today awarded Kongsberg Defence & Aerospace (KONGSBERG) a
contract worth EUR 305 million for the delivery of Naval Strike Missiles (NSM).
The first ship class to be equipped with NSM is the F-110 class frigate, which
is currently under construction by Navantia. The missiles are intended to be
deployed on the F-100 frigates during their Mid-Life Update, as well as on
future ships.

The Spanish Navy, which selected NSM in 2022, is acquiring the missiles through
the NATO Support and Procurement Agency (NSPA). This is the first missile
contract for Kongsberg Defence & Aerospace to be handled by NSPA.

KONGSBERG will, in parallel, sign a cooperation agreement Directorate General
for the Armament and Material (DiGAM) as a foundation to develop an industrial
plan that will maximize Spanish industry cooperation and involvement. This
includes the possibility to become part of the global missile supply chain, and
a proposal for the establishment of a full life cycle maintenance capacity for
NSM at the Rota naval Base, in coordination with local industry. KONGSBERG
expects that the contract will provide a regional foothold for their missile
programs, and the parties hope that the contract involving Spanish Navy,
KONGSBERG and NSPA will contribute to further cooperation between all the NATO
members that use NSM. 

About NSM
NSM is the world's leading anti-ship missile, selected by Norway, the US Navy
and Marine Corps, Poland, Romania, Canada, Germany, Australia, Malaysia, Spain,
UK, The Netherlands, Belgium and Latvia. NSM provides superior operational
performance on long range against sea and land targets, high survivability
toward advanced enemy air defense systems and ship class identification through
Autonomous Target Recognition. 

This release contains inside information related to Kongsberg Gruppen ASA
pursuant to the EU Market Abuse Regulation and is subject to the disclosure
requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This
release is issued by Jan Erik Hoff, Group Vice President Investor Relations,
Kongsberg Gruppen ASA. Date and time of publication: 08:55 CET, 12/15/2023

Kongsberg (OSE-ticker: KOG) is an international, knowledge-based group that
supplies high-tech systems and solutions to customers in the energy, merchant,
navy and defence and aerospace industries. Kongsberg has more than 13,000
employees in 39 countries and had total revenues of NOK 31.8bn in 2022. 

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