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KOG: KONGSBERG secures US government contract for underwater capabilities

KOGRegulatory press release29.10.2026, 07.00
Kongsberg Gruppen ASA ('KONGSBERG') has been awarded a major contract
modification by the Department of War Innovation Unit (DIU) for autonomous
underwater capabilities.

The modification to the Prototype Other Transaction Agreement, valued at USD 54
million, is primarily driven by the delivery of a broad range of autonomous
underwater vehicles (AUVs), alongside associated underwater capability
components.

Strengthening long-standing U.S. collaboration

KONGSBERG CEO Eirik Lie said the contract reflected continued trust in the
company's underwater technology and delivery capabilities.

"This contract continues our collaboration with DIU and the US Navy and reflects
confidence in KONGSBERG's autonomous underwater technology. We remain focused on
delivering reliable systems for demanding operational environments. It also
demonstrates the value of our dual-use portfolio in delivering defence
capabilities and further strengthens our position as a technology and defence
company," said Lie.

KONGSBERG has more than 30 years of proven experience in autonomous underwater
vehicles. The company continues to develop and deliver trusted large AUV systems
for defence and commercial customers worldwide.

Contracts worth NOK 1.7 billion

Camilla Kiss, Executive Vice President, KONGSBERG, and President of the
Discovery division, said the award reflected continued demand for autonomous
underwater systems across defence and commercial markets.
"Autonomous underwater systems are a core part of KONGSBERG's technology
portfolio. So far in 2026, we have signed AUV contracts worth a total of NOK 1.7
billion across all markets. This progress supports our strategic ambition to
grow in undersea warfare and strengthens the foundation for continued
development," said Kiss.

KONGSBERG has worked in the undersea domain for 30 years, developing defence
missionised, robust systems with highly trusted autonomous capabilities.
According to Kiss the pace of technological change has never been faster.
"Advances in artificial intelligence, edge processing and autonomy are enabling
platforms to undertake increasingly complex missions with greater persistence
and operational effectiveness. We are at the forefront of this development," she
said.

KONGSBERG (OSE ticker: KOG) is an international technology and defence company
that delivers critical products and solutions in defence, security and
surveillance on land, underwater and in space. KONGSBERG has approximately 7 800
employees in 20 countries and had a total revenue of NOK 32.8 billion in 2025.
0 countries and had a total revenue of NOK 32.8 billion in 2025.\