The Norwegian government has ordered more NASAMS air defence systems from
Kongsberg Defence & Aerospace (KONGSBERG), which will strengthen the country's
defence capabilities to combat aerial threats. The contract has a value of NOK
2.7 billion. 

The contract with the Norwegian Defence Material Agency includes new
multi-missile canister launchers and new Fire Distribution Centers for NASAMS,
replacing equipment previously donated to Ukraine as well as building up further
capacity.  

In June, Norway announced investments in new NASAMS systems that included an
option to make further acquisitions. The option has now been exercised.
 
"In 2024, we stepped up the pace and in less than a year we have secured
deliveries equivalent to four complete NASAMS batteries to the Norwegian armed
forces. This milestone lays a solid foundation for future acquisitions," said
Norway's Defence Minister Bjørn Arild Gram. 

"The NASAMS air defence system is strategically important for Norway's defence
capabilities and is vital for safeguarding our national security interests. This
delivery will provide Norway with the latest generation of NASAMS, developed to
meet current and future threats," said Eirik Lie, President of Kongsberg Defence
& Aerospace. 

The National Advanced Surface-to-Air Missile System, or NASAMS, was first
developed by KONSGBERG and Raytheon of the US for the Norwegian armed forces in
the 1990s. Today there are 13 nations in the NASAMS user group. 

"Air defence is one of the highest priority areas in the new long-term spending
plan. We are therefore pleased to have quickly translated plans into action and
ensured that the Armed Forces receive modern equipment that strengthens
Norwegian and allied security," said Director Gro Jære of the Defence Materiel
Agency. 

NASAMS' modularity and open architecture enable the continuous introduction of
new technology and new capability, which ensures that the system can be adapted
to new threats and missions throughout its lifetime. NASAMS is one of the most
flexible solutions in the market and covers a wide range of air defence needs. 

KONGSBERG has invested in expanding its own production capacity, and at the same
time strengthened ties with the many Norwegian and international suppliers that
contribute to ensuring defence preparedness internationally.
 
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.