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Kongsberg in Talks with European Governments on Low-Cost Missile Production

MT Newswires·08/24/2026 09:51:06
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09:51 AM EDT, 08/24/2026 (MT Newswires) -- Kongsberg Gruppen (KOG.OL) is in talks with several unspecified European governments regarding the production of low-cost interceptor missiles in the region, Bloomberg News reported Monday. The Norwegian defense company's chief executive, Eirik Lie, reportedly told Bloomberg in an interview that the talks aim to determine where best in Europe to build the missiles. Kongsberg is seeking to bring production of the munitions into the continent after acquiring a 90% stake in US-based manufacturer Zone 5 Technologies. Kongsberg also intends to source all materials for the interceptors from European suppliers over time, Lie added.