Calepin des entreprises international 2026 VA.pdf — page 118

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Business trends
	
 Kongsberg revenues rose 20.3% in local currency in 2024, to NOK 48.9 billion (€4,203 million). Revenues in the 
Kongsberg Defence & Aerospace division grew at a similar pace (+20.1%), thanks in particular to the production 
of NASAMS air defence systems (for Hungary, Lithuania, Qatar and Australia) and aerostructures for the 
F-35 Lightning II fighter aircraft. Aircraft maintenance operations also contributed to this growth. The division 
generated revenues of NOK 19 billion (€1,637 million) in 2024, accounting for 39% of the group’s total turnover, 
and had 4,648 employees.
	
 Kongsberg and Thales signed an agreement in June 2025 to create a joint venture specialising in secure 
communications. This future company is expected to be operational in 2026 pending approval by competition 
regulators and will combine the activities of the two groups in Norway. It will employ 350 people (including 
220 from Thales) in Oslo, Asker and Trondheim and is expected to generate initial revenues of €130 million.
	
 In July 2025, the Kongsberg Discovery division announced that production of HUGIN autonomous underwater 
vehicles for civil and military applications was to begin soon in Lynnwood (United States) in order to take 
advantage of the growing demand for these systems in the country.
	
 In July 2025, the group partnered with Polish company Advanced Protection Systems to develop and produce 
anti-drone systems. It will contribute its expertise in air defence systems, while Advanced Protection Systems 
will supply its FIELDctrl radars and SKYctrl anti-drone systems.
Home market
	
 The group generated 18% of its turnover in its domestic market in 2024. Defence revenues generated in 
Norway reached NOK 4 billion (€348 million), representing 21% of total defence revenues.
	
 Norway received its fifty-second and final F-35 Lightning II fighter aircraft from Lockheed Martin in April 2025. 
It also unveiled its first JSM cruise missile, developed by Kongsberg, the only missile in its class that can be 
integrated into the aircraft.
Export markets
	
 Kongsberg generated 79% of its defence sales from exports in 2024. The group’s main export market is North 
America (39% of defence revenues), ahead of Europe excluding Norway (29%).
	
 In January 2025, the Danish Defence Acquisition and Logistics Organisation (DALO) acquired Kongsberg’s 
NSM anti-ship missiles for NOK 2.1 billion (€181 million) to arm Iver Huitfeldt-class frigates.
	
 The German Air Force ordered JSM cruise missiles from the group in June 2025 for NOK 6.5 billion 
(€559 million) to arm its F-35 fighter aircraft.
	
 The U.S. Marine Corps awarded Kongsberg a $118 million (€109 million) contract in August 2025 to supply 
PROTECTOR RT20 remote controlled weapon stations (armed with a 30mm cannon) for installation on 
BAE Systems’ ACV-30 8x8 amphibious armoured vehicles.
	
 In August 2025, the group signed a contract with ArianeGroup to produce critical components for the Ariane 6 
launcher over the next three years, namely Optical Safety Barriers (OSB) and Upper Part Attachment (UPPA) 
mechanisms.
	
 Kongsberg Maritime won two contracts in the summer of 2025 to supply propeller systems for naval vessels: 
with Damen for the Colombian Navy’s future frigates in June and with Irving Shipbuilding for the Royal 
Canadian Navy’s future River-class destroyers in September.
Technology and Innovation
	
 Kongsberg Defence & Aerospace’s R&D expenditure amounted to NOK 195 million (€17 million) in 2024, 
representing 1% of the division’s revenues.
STRATEGIC HIGHLIGHTS
KONGSBERG