Norway's Kongsberg signs $900 mln missile contract with US Navy
12/11/2024 22:35
Nov 12 (Reuters) - Norwegian defence manufacturer
Kongsberg Gruppen KOG.OL said on Tuesday it has signed a
five-year missile contract with the United States Navy for
around 10 billion Norwegian crowns ($904.04 million).
The contract includes options that could bring the total
value to about 12 billion Norwegian crowns, it added.
Kongsberg said it will deliver its Naval Strike Missile
(NSM), an advanced anti-ship missile system, to the US Navy and
Fleet Marine Force under this contract.
"This contract is the largest missile contract in
Kongsberg's history and an important milestone for us," said CEO
Geir Haoy.
($1 = 11.0615 Norwegian crowns)
(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Shailesh
Kuber)
((rishabh.jaiswal@thomsonreuters.com;))