Kongsberg completes acquisition of Zone 5
The deal closed after US regulatory approval, giving Kongsberg a 90% stake in the affordable mass munitions maker.
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International technology group for defence, security, space, and ocean sectors
kongsberg.comLast updated
In short: Kongsberg achieved record Q1 2026 financial results, completed the acquisition of Zone 5 Technologies, and spun off its maritime business unit.
The deal closed after US regulatory approval, giving Kongsberg a 90% stake in the affordable mass munitions maker.
It also aims for NOK 150 billion in 2033, with 16% operating margin.
They will combine complementary strengths in unmanned systems and subsea platforms to address growing demand for underwater intelligence.
Contract valued at about NOK 2.7 billion, deliveries by end of 2029.
Kongsberg Maritime has had a difficult start on the stock exchange. Erik Must has exploited this by loading up on 1.75 million shares since the listing.
The maritime drone sector has gone from a research niche to investors' radar in record time, and a new capital round in Norway shows precisely why. Over 300 million is being raised in a company that grew by 66 percent last year.
BERLIN—Norwegian missile manufacturer Kongsberg completed the acquisition of a 90% stake of U.S.-based Zone 5 Technologies, adding a maker of low-cost cruise and interceptor missiles...
The Norwegian defense group aims to more than quadruple its revenue in the coming years, buoyed by...
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