Kongsberg Defence & Aerospace ('KONGSBERG') has signed a contract with the
Commonwealth of Australia to deliver the Joint Strike Missile (JSM) for the
F-35A aircraft. The initial contract is worth about NOK 1 billion. 
The specific JSM capabilities enhance the advanced F-35A aircraft, creating a
formidable capability against land and sea targets, and boosting Australia's
ability to strike targets from long-range. 
  
"We are pleased that Australia has joined Norway, Japan and the US in selecting
the JSM. This is yet another contract that underlines the relevance of JSM in
the pacific region.  Australia's participation will benefit the program and the
other user nations through both competence and resources. Finally, the
introduction of JSM is another important milestone in our cooperation with
Australian authorities to maintain and ultimately produce missiles in
Australia," said Eirik Lie, President of Kongsberg Defence & Aerospace.

Last week, the Australian Government announced a decision to invest in the
construction of a new factory for KONGSBERG strike missiles in Newcastle,
Australia. 

About Joint Strike Missile (JSM)
The Joint Strike Missile (JSM) has been specifically designed for internal
carriage on the F-35 aircraft and provides a significant long range maritime
strike and land attack capability. JSM is an air-launched strike missile and is
designed to fulfill complex missions, such as Anti-surface Warfare (ASuW) and
land attack. The primary targets are typically movable highly defended and
high-value assets on sea, in coastal waters or on land. JSM has advanced
off-board, on-board and in-flight mission planning capability and can engage
targets based on a pre-defined set of Rules-of-Engagement. Development of the
JSM was contracted by the Norwegian Defence Materiel Agency (NDMA).

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 13,500 employees in 39 countries
and has a total turnover of NOK 40.6 billion in 2023.

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