Kongsberg Gruppen Q4 Beats Forecast
Norway's Kongsberg Gruppen reported a bigger than expected rise in operating profit for the fourth quarter and said its order backlog had increased by 11% in the final three months of 2025.Earnings before interest and tax rose by 42% to 2.46 billion Norwegian crowns ($251.57 million) in the October to December quarter from the same period of 2024, beating the 2.07 billion crowns predicted in an LSEG poll of analysts.Kongsberg and its rivals have seen a boost in orders as Europe ramps up its military spending at a time of war in Ukraine and as U.S. President Donald Trump demands that NATO allies
Kongsberg Maritime Formally Separates From Kongsberg Gruppen
At a general meeting of Kongsberg Gruppen on Thursday afternoon, the separation of Kongsberg Maritime was formally approved by the shareholders. The plan is to list the maritime company on the Oslo Stock Exchange on April 23.Kongsberg Gruppen ASA, as we know it today, will continue as two companies. The business areas Kongsberg Defence & Aerospace and Kongsberg Discovery will form the new KONGSBERG, while the business area Kongsberg Maritime will be spun off as its own company, independent of the group.“This was one of many milestones we will go through, and it was good to have this step
Kongsberg to Spin Off Maritime Unit, Combine Defense Businesses in Strategic Split
Kongsberg Gruppen has proposed spinning off its Kongsberg Maritime business in a separate stock market listing and consolidating its Kongsberg Defence & Aerospace and Kongsberg Discovery units into a single technology and defense company.The group said sustainability and security trends have driven strong growth over the past decade and are expected to continue shaping demand, making focused specialist businesses better positioned for global opportunities.The Norwegian state, which owns 50% of Kongsberg, has expressed support for the transaction, according to the company.Kongsberg Maritime is
At Least Two Companies Seek Norway Seabed Mining Permits
May 21 deadline will form the basis for announcing the country's first seabed mineral exploration licensing round later this year, Norwegian authorities have said.Norway's energy ministry did not immediately respond to a request for comment.Startup Loke, backed by TechnipFMC, Wilhelmsen and Kongsberg Gruppen, told Reuters it had nominated a substantial number of blocks focusing on areas with polymetallic crusts, rich in cobalt and rare earth elements."We are encouraged by the significant resource potential and are looking forward to the first licensing round," Chief Executive Walter Sognnes
Norway's Loke Buys UK Deep-sea Mining Firm from Lockheed
could be devastating to little-known species living there."Yes, it comes with some consequence to the environment, but we believe that it will be smaller than extracting minerals on land, if you, let's say, go into a rain forest," Hide said.Loke also said on Thursday that Norwegian Kongsberg Gruppen, which provides technologies for offshore oil and gas production to airspace and defence, had taken a stake in the company, joining TechnipFMC and Wilhelmsen.The ISA has yet to finalise long-debated regulations that will govern seabed mining in international waters.Norway is also considering
Edvardsen Haugan takes the Helm at Kongsberg Maritime
Lisa Edvardsen Haugan was appointed as the new President of Kongsberg Maritime, the largest business area of Kongsberg, replacing Egil Haugsdal starting in November 2022.Edvardsen Haugan has long and extensive experience from both the defense and civil business area in Kongsberg Gruppen ASA (KONGSBERG), including having been EVP Finance at Kongsberg Maritime and Finance Director at Kongsberg Protech Systems. She currently heads the Deck Machinery & Motion Control division of Kongsberg Maritime.“Following a thorough process to recruit a new leader for Kongsberg Maritime, I am proud to
Norway, Germany to Buy Six Submarines from Thyssenkrupp
of a new type of missile.In 2017, Norway and Germany agreed in principle to build the submarines as part of a closer cooperation of the countries' navies. Originally, they aimed to sign the contract with ThyssenKrupp in 2019.Thyssenkrupp's partner on the submarine project is Norway's Kongsberg Gruppen.($1 = 8.5587 Norwegian crowns)(Reporting by Gwladys Fouche in Oslo and Sabine Siebold in Berlin. Editing by Terje Solsvik and Mark Potter
Kongsberg Maritime Shuts Down KM Contros
Kongsberg Maritime (KM), a Norwegian technology enterprise within the Kongsberg Gruppen, informed that it has suspended the sale of the previously announced German KM Contros GmbH to AML Oceanographic Ltd. (AML).Following a strategic evaluation and prioritization of the KM business in 2019, the company decided to divest Contros, and a Letter of Intent was signed with a future buyer of the business.However, the companies have now agreed not to pursue the previously announced letter of intent, and the sale of Contros will therefore not proceed. Consequently, Kongsberg Maritime has decided to cease the
Kongsberg Eyes Key Contract in German-Norwegian Submarine Deal
Norwegian conglomerate Kongsberg Gruppen aims to supply command and control systems to the submarines that Norway and Germany plan to order from Germany's Thyssenkrupp, a spokesman for the company said on Friday. The Norwegian and German governments on Friday said they aim to buy a combined six submarines, and that talks with Poland and the Netherlands could lead to further orders. "The (Norwegian) defence minister made it very clear today that one of the main reasons for choosing Thyssenkrupp was that it was the best solution for industrial partnerships," Kongsberg Gruppen spokesman
February 2026
