Kongsberg

Kongsberg Gruppen ASA (Oslo Børs: KOG) is a Norwegian technology company headquartered in Kongsberg, Norway. Founded in 1814, Kongsberg has evolved into a global provider of high-technology systems and solutions for customers in the maritime, defense, aerospace, and digital industries.

Kongsberg's operations are organized into several key business areas:

• Kongsberg Defence & Aerospace: Develops and manufactures missiles, air defense systems, remote weapons stations, and other defense and aerospace technologies. Key products include the Naval Strike Missile (NSM), Joint Strike Missile (JSM), and NASAMS air defense system.

• Kongsberg Maritime: Provides technologies and systems for positioning, surveying, navigation, and automation in the commercial marine market. This includes solutions for vessels, offshore installations, and other maritime applications.

• Kongsberg Digital: Offers digital solutions for customers in maritime, oil and gas, renewables and utilities sectors to increase safety and optimize operations.

• Kongsberg Discovery: Provides technologies for fisheries, marine research, marine operations, and monitoring of critical infrastructure.

In recent years, Kongsberg has experienced significant growth, particularly in its defense business. The company reported revenues of NOK 40.6 billion in 2023, a 28% increase from 2022. Kongsberg's order backlog reached a record NOK 88.6 billion at the end of 2023, providing a strong foundation for future growth. The company is investing in increased production capacity, including a new missile factory that opened in June 2024, to meet growing demand for its defense products. Kongsberg is also expanding its international presence through partnerships and investments in markets like the US and Brazil.