Kongsberg signed NOK 10 billion NASAMS deal: Kongsberg stock falls 1.19 percent

Published on 10/08/2026 at 11:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 31.00 percent to NOK 10.40 billion. Kongsberg stock costs EUR 27.36 on October 8, 2026 after EUR 27.69.

Fotorealistische Verteidigungsanlage mit Radarturm bei Dämmerung, norwegische Küstenlandschaft — Kongsberg Gruppen ASA NO0003043309 zeigt eine norwegische Verteidigungsanlage mit Radaranlage bei Dämmerung, Illustration mit AI erstellt.

Kongsberg had signed a NOK 10.0 billion NASAMS contract for Belgium on September 29, 2026, as Global Banking & Finance Review reported. Kongsberg stock was down 1.19 percent at Lang & Schwarz on October 8, 2026, putting the contract into a weaker same-day market setting.

NOK 10 billion contract

The agreement covers National Advanced Surface-to-Air Missile Systems for Belgium, with the Netherlands acting as the procuring authority and the Belgian Air Force as end user, according to the September 29 report. The contract adds a large defense order to a business already carrying a NOK 158.0 billion backlog after the second quarter.

The deal also illustrates Kongsberg's reliance on government-led defense procurement. Its value equals 63.29 percent of the reported second-quarter backlog, calculated against NOK 158.0 billion, although contract timing and delivery recognition can differ from signing dates.

Q2 scale-up raises the bar

Kongsberg's second-quarter 2026 revenue rose 31.00 percent year over year to NOK 10.40 billion, while earnings before interest and tax reached NOK 1.70 billion and the EBIT margin was 16.10 percent, according to the Yahoo Finance transcript. The margin was 1.90 percentage points above the 14.20 percent reported for the second quarter of 2025.

Management also cited an IFRS effect linked to a revoked Malaysian export license and positive one-off effects that broadly offset it, so the margin comparison includes disclosed period-specific items. Order intake reached NOK 17.10 billion in the second quarter, supporting the backlog figure and leaving NOK 21.0 billion scheduled for delivery during the remainder of 2026.

MarketScreener reported on September 10, 2026 that Deutsche Bank began coverage with a Buy rating and a NOK 360.00 price target. The same page lists 11 analysts and an average target of NOK 395.45, giving investors a quantified range of market expectations alongside the company's operational figures.

October 8 price check

At 11:30 a.m. CEST on October 8, 2026, Kongsberg stock was trading at EUR 27.36 at Lang & Schwarz, down 1.19 percent versus the EUR 27.69 prior close on October 7, 2026. On Oslo Bors, the primary listing was last at NOK 291.90 at 11:16 a.m. CEST on October 8, 2026, while the 52-week range stood at NOK 228.50 to NOK 427.00. The next quarterly report is scheduled for October 29, 2026, according to Inderes.

The further course of trading is shown by the continuously updated real-time quote of Kongsberg stock.