Finance
Kongsberg third-quarter orders rise, boosted by higher military spending in Europe
Published by Global Banking & Finance Review®
Posted on October 30, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 30, 2025
1 min readLast updated: January 21, 2026
Kongsberg Gruppen's Q3 orders rose 30%, driven by Europe's increased military spending. The company reported orders worth 16.89 billion Norwegian crowns.
(Reuters) -Norwegian aerospace and defence company Kongsberg Gruppen reported a higher order intake for the third quarter on Thursday, citing an increase in missles and air defence deliveries, reflecting Europe's rising military spending.
Kongsberg, which has customers in defence, aerospace, maritime, energy and fishing industries, said its quarterly orders rose 30% from a year earlier to 16.89 billion Norwegian crowns ($1.68 billion), mainly driven by the defence and aerospace business.
"Order intake remains robust from both defence and civilian customers," chief executive Geir Haoy said in a statement.
($1 = 10.0431 Norwegian crowns)
(Reporting by Marta Frąckowiak in Gdansk; editing by Milla Nissi-Prussak and Matt Scuffham)
Order intake is the total value of orders received by a company during a specific period, indicating demand for its products or services.
A defence contractor is a company that provides products or services to military and defense agencies, often involving advanced technology and equipment.
The aerospace industry encompasses the design, development, and manufacturing of aircraft, spacecraft, and related systems and equipment.
Quarterly financial results are the financial performance metrics reported by a company every three months, including revenue, profit, and order intake.
Explore more articles in the Finance category
