By Dominic Chopping
Norwegian conglomerate Kongsberg Gruppen ASA (KOG.OS) said
Friday it has received a NOK480 million contract from the Norwegian
Defence Logistics Organization (NDLO) to further develop the Joint
Strike Missile (JSM).
MAIN FACTS:
-The JSM development phase 2 has been finalized and to ensure
competence and progress between JSM phase 2 and phase 3, the
Norwegian Armed Forces have signed a bridging phase contract prior
to parliamentary proceedings and approval of the entire JSM
development phase 3.
-In phase 2 of the project the missile underwent detailed design
and a successful integration check for the F-35 fighter jet as well
as for the F-16 and the F-18 planes.
-In phase three the missile will be completed and ready for
serial production.
-The JSM is the only long-range sea and land-target missile that
can be carried internally in the F-35.
-After a successful phase 3 Kongsberg will be ready to receive
orders and start serial production.
-At 1229 GMT shares traded 0.8% higher at NOK133.
-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter:
@WSJNordics
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