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KONGSBERG revenue rises 50% as order backlog reaches NOK 174 billion

Air defence and missile programmes helped drive growth, while the company reported a record order backlog.

KONGSBERG's revenue rose 50% year on year in the third quarter of 2026, with EBIT up 66%. Its order backlog reached NOK 174 billion.

Author: Робот Source: Norwegian company Kongsberg

Air defence system equipment at a KONGSBERG production facility
KONGSBERG is expanding production of air defence systems, missiles and underwater solutions. Illustrative photo. Photo: Defensie / Wikimedia Commons, CC BY-SA 4.0

Norwegian company KONGSBERG reported a 50% increase in revenue in the third quarter of 2026 compared with the same period in 2025. EBIT rose 66%. The company attributed the results to higher volumes and project execution, with large air defence, counter-drone and missile programmes particularly driving growth.

Demand for KONGSBERG’s core products remained strong. The company signed its largest single NASAMS contract to date: the agreement with Belgium is worth approximately NOK 10 billion. Belgium became the 18th country to order or deploy NASAMS. KONGSBERG also signed a contract with the Netherlands for further deliveries of the system.

The company agreed to supply remotely operated weapon stations for the Canadian Army’s armoured support vehicles. In July, the US Air Force ordered additional JSM missiles for its F-35 fleet. Later in the quarter, KONGSBERG signed a framework agreement with the US Marine Corps covering NSM production and maintenance support.

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KONGSBERG signed a contract to supply the US with a portfolio of autonomous underwater vehicle solutions. It also completed its acquisition of California-based Sonatech, a developer and supplier of advanced underwater acoustics solutions. KONGSBERG said the acquisition strengthens its position as a supplier to the US Navy.

The company is expanding its production capacity. Horten Horizon, a 45,000-square-metre complex of offices, high-tech laboratories and production facilities, opened in Norway’s Vestfold region. A planned new factory in Poland will further increase KONGSBERG’s production capacity in Europe.

KONGSBERG’s order backlog reached NOK 174 billion. The company said it has the capacity to fulfil its current backlog while meeting future demand.

Source: Norwegian company Kongsberg

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