Today,Kongsberg Defence & Aerospace AS (KONGSBERG) signed two contracts, valued at MNOK 1,426, with theNorwegian Defence Materiel Agency (FMA). KONGSBERG will deliver a new batch of Naval Strike Missile (NSM) to theNorwegian Navy's frigates and corvettes. The existing inventory of missiles will go through a series of maintenance actions to extend their operational timeline and continue providing state of the art defence capabilities for theNavy . «The triangular collaboration between KONGSBERG, the Norwegian Armed Forces and the Norwegian Defence Research Establishment (FFI) is the key to our ability to develop such advanced and complex systems. We are also very proud to sign a maintenance agreement that will extend the missile's shelf life, ensuring that theNavy will remain operational with this important capability. Contracts such as this support KONGSBERG's and FMA's sustainability goals, and helps to secure further employment, not only for our employees, but also for our national subcontractors. We cannot produce nor deliver such advanced and state-of-the-art products alone," says Øyvind Kolset, Executive Vice President ofKongsberg Defence & Aerospace . The Naval Strike Missile is a fifth-generation missile with a low radar signature for use in sea-to-sea or sea-to-land defence. The missile, with its superior performance, can go up against well-defended targets with the ability to penetrate the most advanced air defence. NSM is set up with integrated sensors to locate exact targets to engage, and will self-destruct if it is unable to locate its intended target - a build-in safety mechanism avoiding collateral damage. For further information:Ronny Lie , Chief Communication Officer, (+47) 91 61 07 98Jan Erik Hoff , Group Vice President Investor Relations, (+47) 99 11 19 16 KONGSBERG (OSE-ticker: KOG) is an international, leading global technology corporation delivering mission-critical systems and solutions with extreme performance for customers that operate under extremely challenging conditions. We work with nations, businesses and research environments to push the boundaries of technology development in industries such as space, offshore and energy, merchant marine, defence and aerospace, and more. KONGSBERG has about 11,000 employees located in more than 40 countries, creating a total revenue ofNOK 25.6bn in 2020. Follow us on: kongsberg.com, Facebook, Twitter and LinkedIn
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