Kongsberg signed NOK 10 billion NASAMS deal: what it means for Kongsberg stock

Published on 10/13/2026 at 05:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Belgium's NASAMS contract is worth NOK 10.00 billion and was signed on September 29, 2026. Kongsberg stock posted NOK 9.89 billion in Q2 revenue.

Key points in brief

Kongsberg signed a NOK 10.00 billion NASAMS air defense contract with Belgium on September 29, 2026.
Second-quarter 2026 revenue reached NOK 9.89 billion, while operating profit was NOK 1.59 billion.
Kongsberg targets revenue of NOK 100.00 billion in 2029 and NOK 150.00 billion in 2033.
The next quarterly report is scheduled for October 29, 2026.

Fotorealistische Verteidigungsanlage mit Radarturm bei Dämmerung, norwegische Küstenlandschaft — Kongsberg Gruppen ASA NO0003043309 zeigt eine norwegische Verteidigungsanlage mit Radaranlage bei Dämmerung, Illustration mit AI erstellt.

Kongsberg (ISIN NO0013536151) had signed a NOK 10.00 billion NASAMS air defense contract for Belgium on September 29, 2026, according to MFN. The contract gives the company a concrete order milestone while its latest operating figures show the scale that must be converted into earnings.

Three milestones and their figures

On June 10, 2026, Kongsberg set revenue ambitions of NOK 100.00 billion for 2029 and NOK 150.00 billion for 2033, as stated on its investor relations page.

On July 13, 2026, second-quarter revenue reached NOK 9.89 billion and operating profit was NOK 1.59 billion, according to the Q2 report listed by Kongsberg. The September 29 NASAMS contract, worth NOK 10.00 billion, was the latest of these three milestones.

What does the contract mean for growth?

The deal connects Kongsberg's defense exposure with a named national customer and a defined system delivery. Its NOK 10.00 billion value equals 30.49 percent of the NOK 32.80 billion revenue reported for fiscal year 2025, a comparison that highlights the order's scale without treating contract value as annual revenue.

Kongsberg's investor-relations calendar lists the next quarterly report for October 29, 2026, while the company's published schedule also lists the annual report for February 11, 2027. Those dates place the next operating update before the longer-term revenue ambitions can be tested against fresh results.

Trading dates for Kongsberg

Kongsberg Gruppen ASA is listed on the Oslo Stock Exchange under ticker KOG. The company operates across defense, aerospace, security and critical technology, and its 2025 revenue was NOK 32.80 billion, according to the September 29 company release carried by MFN.

The further course of trading is shown by the continuously updated real-time quote of Kongsberg stock.