Business overview
Norwegian technology/defense group. Indirect stake in Nammo (~25% via Patria). Acquisition of Zone 5 Technologies (Rusty Dagger missile, June 2026).
Watch: Stock near historical highs - less margin of safety than elsewhere in the watchlist.
Valuation
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Update log
| Date | News | Impact |
|---|---|---|
| 9/5/2026 | Naval News | |
| 9/4/2026 | Conviction rises on expanded maritime and satellite capability AI review | The conviction score increase is driven by the strategic validation of Kongsberg's integrated maritime domain awareness capabilities, specifically the deployment of the N3X satellite constellation. These developments reinforce the long-term thesis regarding the firm's competitive positioning in mission services and space-based defense infrastructure. The minor uptick in the timing score reflects the realized operational progress of the KSAT initiatives following the acquisition of Zone 5 Technologies. |
| 8/25/2026 | Kongsberg Satellite Services (KSAT) is providing integrated mission services for the Kongsberg N3X maritime surveillance satellite constellation. | |
| 8/24/2026 | Kongsberg Satellite Services (KSAT) has initiated demonstration campaigns for its Hyperion mission, which tests hybrid RF and optical relay services. | |
| 8/7/2026 | Yahoo Finance | |
| 7/26/2026 | Yahoo Finance | |
| 7/19/2026 | Indirect exposure to Nammo via Patria (~25% economic stake). Stock near its highs on the Oslo Stock Exchange in 2026. | These Nordic propellants/munitions exposure confirmed, but valuation is already rich |
| 7/14/2026 | Nordea has lowered its price target for Kongsberg Gruppen to 387 Norwegian kroner from 391, while maintaining its buy rating. | |
| 7/14/2026 | The U.S. Department of Defense has selected Kongsberg Gruppen and Oceaneering International to provide support for the DIU's CAMP program, which focuses on Extra Large Uncrewed Undersea Vehicles (XLUUVs). | |
| 7/14/2026 | Zonebourse | |
| 7/13/2026 | Yahoo Finance | |
| 7/13/2026 | Zonebourse | |
| 7/13/2026 | Zonebourse | |
| 6/30/2026 | Yahoo Finance | |
| 5/19/2026 | Yahoo Finance | |
| 5/16/2026 | JWF receives contract awards from Kongsberg Yahoo Finance | Yahoo Finance |
| 4/23/2026 | Separate IPO for KONGSBERG - AeroMorning.com google_news | AeroMorning.com |
| 4/2/2026 | Mer et Marine | |
| 12/12/2025 | JOINT STRIKE MISSILE LOT 2 AND OPTION LOT 3 | |
| 6/27/2025 | Zone Militaire | |
| 12/6/2024 | Capital.com | |
| 11/12/2024 | FY25 LAUNCHER MISSILE MODULE (LMM)- USMC | |
| 11/4/2024 | UCA LONG LEAD MATERIALS AND SERVICES | |
| 5/31/2024 | JOINT STRIKE MISSILE (JSM) PRODUCTION LOT 1 | |
| 9/22/2023 | ORDER FOR SYSTEMS, SPARE PARTS AND FIELD SERVICE TECHNICIAN SUPPORT. | |
| Juin 2026 | Acquisition of Zone 5 Technologies (low-cost cruise missile Rusty Dagger, already used against Russian targets), selected for the Pentagon's FAMM/LCCM program. | Second source of direct exposure in addition to Nammo - significantly strengthens conviction. |