Kongsberg Gruppen

Regulatory Filings • Apr 19, 2024

Spain to modernise air defence capabilities with new NASAMS acquisitions

Spain to modernise air defence capabilities with new NASAMS acquisitions

The government of Spain has announced its decision to modernise and acquire additional NASAMS air defence systems from Kongsberg Defence & Aerospace (‘KONGSBERG’) in a deal valued at approximately EUR 410 million.

On April 19 , the Spanish Armaments Directorate, Dirección General de Armamento y Material (DGAM), filed a notification of award for the NASAMS modernisation programme. This programme will significantly increase the existing NASAMS capability of Spain and further strengthen the cooperation between Spain and Norway.

The contract is expected to be signed in May 2024.

NASAMS is the world-leading medium-range air defence system, jointly offered by KONGSBERG and Raytheon.

Spain was the first international NASAMS user and the country has operated NASAMS for more than 20 years. Spanish NASAMS units are currently deployed in the Baltics as part of NATO’s Air Shielding Mission. Today there are 13 NATO and partner nations in the NASAMS user group.

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: 17:15 CET, 4/19/2024

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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