Kongsberg signs NOK 400 million order as Nordea targets Kongsberg stock at NOK 400

Published on 10/20/2026 at 13:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kongsberg signed Denmark deal on October 19, 2026 for NOK 400 million. Kongsberg stock costs EUR 28.98 at Lang & Schwarz.

Missile order and earnings context

Kongsberg signed a NOK 400 million Denmark missile contract on October 19, 2026.
Second-quarter revenue reached NOK 10.40 billion with a 16.10 percent operating margin.
Kongsberg stock trades at EUR 28.98 at 1:48 p.m. CEST at Lang & Schwarz on October 20, 2026.

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 secured a NOK 400 million missile contract with Denmark on October 19, 2026, while Nordea raised its target for Kongsberg stock from NOK 387.00 to NOK 400.00 on October 16, 2026, according to KONGSBERG and MarketScreener. The contract covers additional Naval Strike Missiles for Denmark's coastal defense, with the missile count undisclosed.

Denmark order adds defense demand

The deal expands Denmark's procurement of Kongsberg's coastal defense system. Denmark became the fifth NATO user of the system in 2025, and the latest sale is structured between Norwegian and Danish procurement agencies.

The contract is a fresh order for Kongsberg Defence and Aerospace, the company's largest operating area. Kongsberg's investor-relations page identifies the Oslo Stock Exchange as the listing venue and reports that the Norwegian state owns 50.004 percent of the shares.

What do the results mean for margins?

Kongsberg's second-quarter 2026 revenue reached NOK 10.40 billion, up 31.00 percent from the second quarter of 2025, while EBIT rose to NOK 1.70 billion from NOK 1.10 billion. The operating margin increased to 16.10 percent from 14.20 percent, according to the company's KONGSBERG.

Three dates frame the stock

On June 10, 2026, Kongsberg set revenue ambitions of NOK 100 billion for 2029 and NOK 150 billion for 2033. On July 13, 2026, it reported second-quarter revenue of NOK 10.40 billion and an EBIT margin of 16.10 percent. On October 19, 2026, it announced the NOK 400 million Danish missile contract.

Next results arrive October 28

Kongsberg's next scheduled reporting date is October 28, 2026, when it is due to present third-quarter results. The date is listed in the company's financial calendar.

Stock trades at Lang and Schwarz

Kongsberg stock was trading at EUR 28.98 at Lang & Schwarz on October 20, 2026, at 1:48 p.m. CEST. The Oslo quote was NOK 304.60 at 11:39 a.m. UTC on October 20, 2026, while the 52-week range was NOK 228.50 to NOK 427.00 and market capitalization was NOK 267.9 billion.

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