Today, Kongsberg Defence & Aerospace AS (KONGSBERG) signed two contracts, valued
at MNOK 1,426, with the Norwegian Defence Materiel Agency (FMA). KONGSBERG will
deliver a new batch of Naval Strike Missile (NSM) to the Norwegian 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 the Navy.

«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
the Navy 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 of Kongsberg
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 98
Jan 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 of
NOK 25.6bn in 2020.
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