Kongsberg Gruppen ASA (KOG.OL) Stock Analysis & Winston Score

Kongsberg Gruppen is a Norwegian technology and defense company that makes weapons systems, sensors, and digital tools for militaries, ships, and the energy industry. Its most well-known product is the Naval Strike Missile and the NASAMS air defense system, which is used by the United States and several other countries to shoot down aircraft and missiles. The company is one of Norway's largest industrial businesses and sells to both government defense customers and commercial maritime clients. Kongsberg earns money by selling defense systems, long-term maintenance contracts, and technology licenses, with a growing share of revenue coming from repeat service agreements. It operates mainly in Europe and North America, with defense making up the largest and fastest-growing part of the business. Surging NATO defense budgets following Russia's invasion of Ukraine have sharply increased demand for Kongsberg's missile and air defense products, though the company faces execution risk if it cannot scale production fast enough to meet its growing order backlog.