By Dominic Chopping
Kongsberg Gruppen said Thursday that Germany will buy the Norwegian company's joint strike missiles in a deal that is expected to be worth about 6.5 billion kroner ($642.8 million).
Talks over the proposed acquisition are progressing and a contract is expected to be signed by the end of the first half of 2025, it said.
The missiles will be acquired for Germany's fleet of F-35 fighter jets.
Germany will be the fifth country to select the joint strike missile, alongside existing customers Norway, Japan, Australia and the U.S.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
June 05, 2025 03:00 ET (07:00 GMT)
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