RTX RTX Corporation

By Dominic Chopping

Norway's Kongsberg Gruppen said Friday it has received an order worth 1.35 billion Norwegian kroner ($122.1 million) from Raytheon for naval strike missiles to the U.S. Navy.

Raytheon is prime contractor to the U.S. Navy and Friday's order relates to a previously announced framework deal for the U.S. Navy Over-The-Horizon Weapon System program.

In a separate announcement, Kongsberg said its Kongsberg Digital Holding unit has raised $90 million from Shell Ventures and Idekapital.

Shell Ventures is the corporate venture capital arm of Shell while Idekapital is an Oslo, Norway-based venture and growth capital firm.

The investment values Kongsberg Digital at $540 million post-money, it said.

Kongsberg Digital Holding was established in 2016 to provide software and digital solutions for heavy asset industries, focusing on the maritime, renewable and energy industries.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

June 02, 2023 06:31 ET (10:31 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.