OSLO: KONGSBERG has signed an agreement to sell its steering gear and rudder business, currently part of the Propulsion and Handling division in Kongsberg Maritime. This is in line with Kongsberg Maritime’s strategy towards decarbonisation of shipping with its integrated systems and increased focus on electrification and digitalisation of the entire product portfolio. “We are very pleased…
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KONGSBERG reports record-high order backlog and doubles dividend
KONGSBERG, a leading technology group in Norway, announced its financial results for 2023, showing strong growth, profitability, and order intake. The company also proposed a dividend of NOK 14 per share, which is almost double from last year. The company’s order intake for 2023 was NOK 65.4 billion, corresponding to a book/bill ratio of 1.61.…
KONGSBERG to supply joint strike missile to Norway’s fleet of F-35A
OSLO, NORWAY: Kongsberg Defence & Aerospace AS (KONGSBERG) was awarded a contract with the Norwegian Defence Materiel Agency (NDMA) to supply the Joint Strike Missile (JSM) for Norway’s fleet of F-35A Lightning II fighter aircrafts. The contract is valued at MNOK 3,950. The partnership between KONGSBERG, the Norwegian Armed Forces and Norwegian Defence Research Establishment…
Kongsberg to supply Norway and Germany with NOK 8.2bn worth of ORCCA combat system and missiles
OSLO, NORWAY: Kongsberg Defence & Aerospace AS has entered into contracts with Norway and Germany to deliver ORCCA combat system elements to the six new 212CD submarines, and the Naval Strike Missile (NSM) to the two nations’ navies, a news release said. “The deliveries will last way into the 2030s and is an important and…
Kongsberg sings EUR 49m contract with COSCO to deliver wind turbine installation vessel technology
OSLO, NORWAY: Kongsberg Maritime (KM) has signed contracts totalling EUR 49m with the Chinese shipbuilder COSCO Shipping (Qidong) Offshore for the delivery of its industry-leading Wind Turbine Installation Vessel (WTIV) technology. The agreement will see KM supply comprehensive technology packages for two new NG-20000X WTIVs, which COSCO is constructing for the Denmark-based service provider Cadeler.…
Kongsberg executes share buyback programme
OSLO: Kongsberg ASA has on 1 December 2020 put in place a non-discretionary agreement with a third party for the repurchase of Kongsberg shares for up to NOK 100 million in the open market. Under this agreement, the third party will manage the programme and make its own trading decisions independently of, and uninfluenced by,…