Kongsberg Gruppen Gets $122 Million Missile Order For US Navy
June 02 2023 - 06:46AM
Dow Jones News
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)
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