Norwegian defence group Kongsberg reported a higher third‑quarter order intake driven by increased missile and air‑defence deliveries, a direct reflection of rising military spending across Europe. Management said the uptick underscores stronger demand for precision weapons and integrated air‑defence systems this year.
Discovered |
Briefing
Confirms rising European demand for precision weapons: Kongsberg’s higher Q3 order intake was tied to missile and air‑defence deliveries, reinforcing the broader precision weapons procurement surge.
Signals increased defence industrial activity and production scaling across the continent, consistent with reports of manufacturers ramping output for radars, missiles and ISR systems in Europe (Europe’s Defence Output Ramps Up).
Echoes strategic shifts in Kongsberg’s supply chain and manufacturing footprint to meet demand, including recent orders routed to its Australian unit for missile‑equipment production (Kongsberg Defence Australia wins $80m orders).
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Reuters
• Marta Frąckowiak