KONGSBERG launches revenue ambitions of NOK 100 billion in 2029 and NOK 150 bn in 2033

Geopolitical uncertainty, learnings from ongoing conflicts and rapid technology development are driving growth in the defence and security markets today. These trends all point to strong demand and higher volumes for defence solutions.

“KONGSBERG’s products and solutions are making a difference as countries invest to protect their people and critical infrastructure. We are well placed to capture expected growth and outpace overall defence industry growth,” said Eirik Lie, President and CEO of KONGSBERG.

“Our product portfolio fits future needs, and we have the capacity to meet demand. We have a proven capability to scale up production by investing in capacity, building robust supply chains and recruiting people,” said Lie.   

Demand for air defence systems, strike missiles and remote weapon stations systems, including anti-drone systems, is expected to be strong. At the same time, KONGSBERG is well placed to grow in emerging defence segments, such as underwater operations and space for defence.

KONGSBERG’s order backlog stood at NOK 152 billion at the end of the first quarter, 2026.

The presentations from the Capital Markets Day are attached.

*All figures are expressed through Alternative Performance Measures (APMs). This means they include the proportional share of the 50:50 Joint Ventures. Patria, with a 49.9% ownership interest, is not included in the APMs.