Kongsberg Gruppen ASA ( (NSKFF) ) has issued an announcement.
Kongsberg NanoAvionics has been selected by SpinLaunch as the exclusive satellite supplier for the Meridian Space low earth orbit broadband communication constellation, signing a contract for 280 microsatellites worth EUR122.5 million. This partnership aims to deliver a new approach to space-based broadband, offering higher performance and launch efficiency with lighter satellites, and underscores Kongsberg’s commitment to affordable and sustainable space services. The collaboration also involves Kongsberg Defence & Aerospace acquiring a minority stake in SpinLaunch to support the commercialization of the innovative satcom solution, which is designed to meet the growing demand for flexible, high-speed, and secure satellite communication services across various sectors.
More about Kongsberg Gruppen ASA
KONGSBERG is an international, knowledge-based group that provides high-technology systems and solutions across various markets, including defence, security, maritime, energy, aerospace, climate mapping, and subsea technology. The company employs over 14,600 people in more than 40 countries and reported a total revenue of NOK 48.9 billion in 2024.
YTD Price Performance: 25.45%
Average Trading Volume: 845
Technical Sentiment Signal: Strong Sell
Current Market Cap: $26.53B
Learn more about NSKFF stock on TipRanks’ Stock Analysis page.