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Kongsberg Gruppen ASA

NSKFF US

Kongsberg Gruppen ASAUSUnited States Composite

69.00

USD
-0.70
(-1.00%)

Company Description

CEO
Mr. Geir Haoy
Full Time Employees
13,341
Sector
Industrials
Industry
Aerospace & Defense
Address
Kirkegårdsveien 45 Kongsberg Norway 3616
Business
Kongsberg Gruppen ASA, together with its subsidiaries, provides high-tech systems and solutions primarily to customers in the maritime and defense markets. The company operates through three segments: Kongsberg Maritime, Kongsberg Defence & Aerospace, and Other. The Kongsberg Maritime segment offers solutions and systems for bridge and control systems, which include dynamic positioning, propulsion control, and navigation, as well as automation systems; energy solutions and ship design services; and propellers, thrusters, water jet systems, and systems for offshore manoeuvring of maritime vessels. This segment also provides winches for mooring, anchor handling, and special systems for offshore vessels, tugs, marine vessels, and various other classes of vessel, as well as cranes; hydroacoustics; autonomous underwater vessels and solutions for autonomous maritime vessels; and products related to fisheries, systems for underwater mapping, and sensors and solutions for specialist vessels. The Kongsberg Defence & Aerospace segment offers various systems and services to the defense industry. It provides air defense and combat systems, sonars, and navigation for marine vessels and submarines, as well as integrated command and control systems; remote tower solutions for airports; remote control weapon stations for land-based vehicles and marine vessels; products for military tactical communication; naval strike and air-to-surface missiles; and lightweight composite and titanium components for F-35 combat aircraft. This segment also offers components and services to the space industry, as well as port monitoring systems; and maintenance, repair, and overhaul services. The Other segment focuses on digitalization within the oil and gas, wind, and merchant marine markets. It operates primarily in Norway, Europe, North America, South America, Asia, Australia, and South Africa. Kongsberg Gruppen ASA was founded in 1814 and is headquartered in Kongsberg, Norway.

Company News

  • Norway industry workers, employers agree 5.2% wage increase

  • US arms exports hit record high in fiscal 2023

  • Raytheon, Kongsberg to further develop NASAMS missile system, Norway says

  • Norway foreign minister sacked in cabinet reshuffle

  • Norway's Storebrand raises seabed mining concerns with Kongsberg

  • Norway's Kongsberg wins $112 mln F-35 contract

  • Norway's Aker BP may explore for seabed minerals, CEO says

  • Norway's Kongsberg Gruppen wins $1.5 bln order from Poland

  • Taiwan says looking to buy NASAMS air defence system from US

  • European shares gain ahead of key US inflation data

  • Lithuania buys NASAMS air defence for Ukraine

  • Thyssenkrupp should consider industrial players in sale of defense division -IG Metall

  • NATO pushes for common standards to tackle shortfalls in artillery munitions

  • US State Dept OKs potential sale of anti-ship missile system to Latvia -Pentagon

  • Australia aims to start making guided missiles within two years

  • Strike to end for most Norway private-sector workers

  • Norway's Loke buys UK deep-sea mining firm from Lockheed

  • Australia to spend A$1 billion on new naval missiles, rocket system