Kongsberg third-quarter orders rise, boosted by higher military spending in Europe (updated)
30/10/2025 06:17
Updates with order intake in paragraph 2, CEO comment in paragraph 3 Oct 30 (Reuters) - Norwegian aerospace and defence company Kongsberg Gruppen KOG.OL reported a higher order intake for the third quarter on Thursday, citing an increase in missles and air defence deliveries, reflecting Europe's rising military spending. Kongsberg, which has customers in defence, aerospace, maritime, energy and fishing industries, said its quarterly orders rose 30% from a year earlier to 16.89 billion Norwegian crowns ($1.68 billion), mainly driven by the defence and aerospace business. "Order intake remains robust from both defence and civilian customers," chief executive Geir Haoy said in a statement. ($1 = 10.0431 Norwegian crowns) (Reporting by Marta Frąckowiak in Gdansk; editing by Milla Nissi-Prussak and Matt Scuffham) ((marta.frackowiak@thomsonreuters.com))