This is revealed in a stock exchange announcement on Tuesday. The group has been awarded a contract by the Polish Ministry of Defense for the delivery of missile systems for coastal defence. It concerns four NSM (Naval Strike Missile) Coastal Defense System (CDS) squadrons worth approx. NOK 16 billion, it is stated in the stock exchange announcement. It is the largest single contract for the Kongsberg Group ever. As a result of the billion-dollar contract, trading in the share on Oslo Børs was halted for around half an hour ahead of the stock exchange announcement. Subsequently, the share has risen, and was at one point up over 9 per cent. The share is up 6.5 per cent around 3.20pm, at a price of NOK 481 per share. CEO Geir Håøy of Kongsberg Gruppen says that the contract ensures the group’s long-term sustainability in the defense business. Photo: Snorre Tønset / news Long-term collaboration – It is an important milestone in our more than 200-year history. Poland has been a long-term partner, and we are proud to sign this agreement, says CEO of Kongsberg Gruppen, Geir Håøy in an interview with news and adds: – It is not often that we get this type of contract. We have probably had framework contracts of around 15 billion in the past, but this is a very large contract that provides long-term prospects for our defense activities. He says the contract means that the group can continue to invest, secure jobs and create new jobs. – Not only for the Kongsberg Group, but also all our partners and subcontractors in the Norwegian defense industry, says Håøy. Poland first acquired the missile system from the Kongsberg Group in 2008, and then expanded with an additional squadron in 2014. The new delivery means that the more than ten-year collaboration will continue into the 2030s. – This is long-term work by many colleagues here at Kongsberg Gruppen. Although we have always had the feeling that things are going our way, it is of course always good to get a signature from the customer, says the CEO. According to Kongsberg Gruppen, the NSM is considered the most advanced naval target missile in the world. Here, the US Navy test-fires the missile in 2014. Photo: US Navy – The world’s most advanced According to the stock exchange announcement from Kongsberg Gruppen, the NSM is a fifth-generation “Strike Missile”, and is considered the most advanced naval target missile in the world. It was originally developed by the group for the Norwegian Navy. The NSM can be launched from both land and sea-based platforms and is already in use by, or under delivery to, 12 countries. – The coastal defense system NSM plays a significant role in supporting the ability of nations to defend their territory and their citizens. We are proud to support Poland in building such capacity. The determination shown by the Polish Ministry of Defense by acquiring several NSM CDS is a sign of confidence and confirms that our system represents the most effective, available capacity, says Eirik Lie, CEO of Kongsberg Defense & Aerospace in the stock exchange announcement.
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Kongsberg Gruppen enters into billion dollar agreement with Poland – news Oslo og Viken – Local news, TV and radio
