Today Kongsberg Defence & Aerospace AS (KONGSBERG) was awarded a contract with
the Norwegian Defence Materiel Agency (NDMA) to supply the Joint Strike Missile
(JSM) for Norway's fleet of F-35A Lightning II fighter aircrafts. The contract
is valued at MNOK 3,950. The partnership between KONGSBERG, the Norwegian Armed
Forces and Norwegian Defence Research Establishment in the definition,
development and test of the JSM has been critical factor in developing a missile
with such advanced capabilities. 

"The Joint Strike Missile, as part of the Norwegian F-35 fighter jet, enables
the Norwegian Air Force to operate within the challenging and complex
environment ensuring the defence of vital national interests. The development of
the missile has been ongoing since 2008, and with this contract, completes
development and test and enters a full rate production phase. This program
secures employment and business for KONGSBERG and our extensive supply chain
partners for years to come," says Eirik Lie, President of Kongsberg Defence &
Aerospace.

The JSM is a fifth-generation stealth air-to-surface missile developed to
fulfill the F-35's anti-surface warfare and land attack capability needs. The
missile can be carried internally ensuring the aircraft's low-signature
capabilities, and it has superior performance against well-defended sea- and
land targets across long distances.

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

This release contains inside information related to Kongsberg Gruppen ASA
pursuant to the EU Market Abuse Regulation and is subject to the disclosure
requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This
release is issued by Jan Erik Hoff, Group Vice President Investor Relations,
Kongsberg Gruppen ASA. Date and time of publication : 10:15 CET, 10/21/2021

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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