SQUAWK/NEWS
Account
Theme
Account
Menu
Live News EQUITY ARTICLE M impact

Kongsberg Gruppen shares jump after $1.20 bln air-defence contracts

Kongsberg said it won two air-defence deals worth 11.5 billion Norwegian crowns ($1.20 billion) for Belgium and the Netherlands, lifting its shares nearly 5%.

KOG.OL.STOXX

20 billion). The NOK 10 bln contract covers 10 NASAMS air-defence systems for Belgium, with the Netherlands handling the purchase on its behalf. 5 bln Dutch contract to expand the Netherlands' CITADEL programme with NOMADS and additional NASAMS systems. 91% year to date and is on course for its best day since April.

5885 Norwegian crowns. Reporting by Jesus Calero. +48 58 769 66 00.