[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 7 sources · 1 days · First seen · Last updated

Kongsberg Gruppen defense industry expansion

Overview

Kongsberg Gruppen is expanding its defense portfolio and production capabilities to address rising European demand for air defense and maritime technology. Following the acquisition of a 90% stake in the American firm Zone 5 Technologies, the Norwegian company is negotiating with several European governments to relocate missile interceptor production to Europe. This strategy aims to provide cost-effective solutions against drone and missile attacks while reducing dependence on United States supply chains.

To support growth driven by increased military spending in Ukraine and the Middle East, the company has set a revenue target of 100 billion NOK by 2029 and plans to hire 500 to 700 new employees annually. Kongsberg’s current defense offerings include the NASAMS air defense system, the Seawolf unmanned surface vehicle, and various missile and autonomous underwater systems.

Entities

IP Huse · Solstad Offshore · Lisa Edvardsen Haugan · SBM Offshore · Zone 5 Technologies

Timeline

  1. 19 days ago

    [BUSINESS] 2 sources
    Kongsberg expands defense production and air defense offerings

    Kongsberg Gruppen aims to triple its revenue by 2029, focusing on expanding European production of cost-effective missile interceptors and showcasing advanced maritime and air defense systems.

  2. 19 days ago

    [BUSINESS] 5 sources
    Kongsberg Maritime secures major offshore technology contracts

    Kongsberg Maritime has secured major contracts to provide integrated technology for a new deepwater construction vessel and advanced deck machinery for an FPSO development in Asia.

Sources

cyprusshippingnews.com · kurzy.cz · marinelink.com · nabidka-pujcek.cz · oedigital.com · portnet.gr · zbiam.pl