Kongsberg Gruppen

Regulatory Filings • Dec 15, 2023

KONGSBERG signs new contract for Naval Strike Missiles to Spain

KONGSBERG signs new contract for Naval Strike Missiles to Spain

KONGSBERG signs new contract for Naval Strike Missiles to Spain

The Spanish Navy has today awarded Kongsberg Defence & Aerospace (KONGSBERG) a contract worth EUR 305 million for the delivery of Naval Strike Missiles (NSM). The first ship class to be equipped with NSM is the F-110 class frigate, which is currently under construction by Navantia. The missiles are intended to be deployed on the F-100 frigates during their Mid-Life Update, as well as on future ships.

The Spanish Navy, which selected NSM in 2022, is acquiring the missiles through the NATO Support and Procurement Agency (NSPA). This is the first missile contract for Kongsberg Defence & Aerospace to be handled by NSPA.

KONGSBERG will, in parallel, sign a cooperation agreement Directorate General for the Armament and Material (DiGAM) as a foundation to develop an industrial plan that will maximize Spanish industry cooperation and involvement. This includes the possibility to become part of the global missile supply chain, and a proposal for the establishment of a full life cycle maintenance capacity for NSM at the Rota naval Base, in coordination with local industry. KONGSBERG expects that the contract will provide a regional foothold for their missile programs, and the parties hope that the contract involving Spanish Navy, KONGSBERG and NSPA will contribute to further cooperation between all the NATO members that use NSM.

About NSM

NSM is the world's leading anti-ship missile, selected by Norway, the US Navy and Marine Corps, Poland, Romania, Canada, Germany, Australia, Malaysia, Spain, UK, The Netherlands, Belgium and Latvia. NSM provides superior operational performance on long range against sea and land targets, high survivability toward advanced enemy air defense systems and ship class identification through Autonomous Target Recognition.

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: 08:55 CET, 12/15/2023

Kongsberg (OSE-ticker: KOG) is an international, knowledge-based group that supplies high-tech systems and solutions to customers in the energy, merchant, navy and defence and aerospace industries. Kongsberg has more than 13,000 employees in 39 countries and had total revenues of NOK 31.8bn in 2022.

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