Norwegian defense group Kongsberg Gruppen said it has signed a framework agreement with the U.S. Marine Corps for Naval Strike Missile equipment in a deal that could be valued at up to $404 million.
The agreement includes production and sustainment support of the Naval Strike Missile launcher unit, weapon control system and ancillary support equipment, with deliveries through 2034.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.