# Kongsberg Benefits from Rising Defence Spending

> Norwegian arms firm Kongsberg Gruppen sees surge in orders as NATO allies boost military spending.
- Title: Kongsberg Benefits from Rising Defence Spending · MoneyWeek
- Summary: Norwegian arms firm Kongsberg Gruppen sees surge in orders as NATO allies boost military spending. Kongsberg Gruppen's order backlog reached NKr157 billion…
- Keywords: kongsberg gruppen, nato, defence spending, missiles, counter-drone systems, order backlog, us air force, australia, norway, nfl, Kongsberg, Benefits
- Source: MoneyWeek — https://moneyweek.com/investments/stocks-and-shares/kongsberg-gruppen-shares-arms-spending-wave
- Published: 2026-10-03T09:00:00+00:00
- Read time: 1 min
- Topics: kongsberg gruppen, nato, defence spending, missiles, counter-drone systems, order backlog, us air force, australia, norway, nfl
## Kongsberg Gruppen Order Backlog
Norwegian arms manufacturer Kongsberg Gruppen has a NKr157 billion order backlog as of 2026 financial year-end.
## NATO Allies Boost Defence Spending
Nato allies and Canada invested over $139 billion in core defence requirements and pledged $70 billion for Ukraine military equipment in 2026.
## Kongsberg's Strategic Shift
Kongsberg spun off its maritime division in February 2026 to focus on higher-growth divisions including defence systems, missiles and aerostructures.
## Acquisitions Drive Growth
Kongsberg acquired Zone 5 Technologies in June 2026 for affordable mass-producible munitions and Sonatech for underwater acoustics technology.
## US Contract Wins
Kongsberg won a $100 million US Air Force contract for stealth air-to-surface Joint Strike Missiles (JSMs) with deliveries up to 2030.
## Strong Q2 Results
Kongsberg's Q2 2026 results showed 31% revenue growth to NKr10.4 billion with 48.9% higher Ebit to NKr1.67bn.
## New Production Facilities
Kongsberg plans new factories in Australia and the US for missile production, operational by late 2027 with full-rate production by 2028.
## 2029 Revenue Target
Kongsberg aims for NKr100 billion revenue by 2029, 2.3 times 2026 revenue, rising to NKr150 billion by 2033.
## Poland's Counter-Drone Contract
Kongsberg signed a NKr16 billion contract with Poland in January 2026 for counter-drone batteries under East Shield initiative.
## Key takeaway

Kongsberg Gruppen's order backlog reached NKr157 billion as NATO allies increased defense spending by $139 billion in 2025, with contracts for missiles and counter-drone systems driving growth.