Denmark purchases $580 million air defense system from Kongsberg
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 27 2025
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Source: Reuters
Kongsberg's New Order: Norway's Kongsberg Defence & Aerospace has secured a 500 million euro ($580 million) contract from Denmark for its National Advanced Surface-to-Air Missile System (NASAMS).
Enhancing Denmark's Defense: This procurement is expected to significantly improve Denmark's operational capabilities against modern air threats, although a delivery timeline has not been provided.
Denmark's Defense Spending: In September, Denmark announced plans to invest approximately $9 billion in European-made air defense systems, including purchases from Norway, due to a challenging security environment.
Currency Conversion: The article notes the exchange rate of $1 to 0.8626 euros for context on the financial figures mentioned.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
