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KONGSBERG to Establish Missile Factory in the US


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KONGSBERG to Establish Missile Factory in the US

Business

Category: Business News

Kongsberg Defence and Aerospace (‘KONGSBERG’) is building a state-of-the-art missile production facility in the United States to meet global demand, following expansion in Norway and the recently announced missile factory in Australia. Located near key US Navy facilities, the site in James City County, Virginia will provide additional production capacity, sustainment and in-country tech refresh capabilities for KONGSBERG’s Naval Strike Missiles (NSM) and Joint Strike Missiles (JSM).

“The new missile production facilities in the US, Australia and Norway address the strong and long-term demand for our unique technology and the critical need to strengthen collective defence capabilities. KONGSBERG has a proud history in the US and we are delighted to continue to invest in the country to support American interests while creating jobs locally,” said Geir Håøy, CEO of KONGSBERG.

This is the second new missile production facility KONGSBERG has announced in as many months, and the decision to locate this facility in the US was heavily influenced by the possibility that the Department of Defense could award a multiyear procurement contract to KONGSBERG.

“The US Navy, Marine Corps and Air Force are important customers for KONGSBERG’s Naval Strike Missile and Joint Strike Missile. Their demand signals gave us the predictability we needed to make this investment in the United States,” said Eirik Lie, president of Kongsberg Defence and Aerospace. “This will allow us to better serve our allies in the US and continue to expand that supply chain locally, building capacity and redundancy for these critical capabilities.”

KONGSBERG’s investments will increase overall US manufacturing capability and further increase capacity to build these advanced systems, but more importantly, it will bring this capability to the US.

“KONGSBERG is investing in a big way in the US market by making Virginia the US home of our new missile factory, which will entail hiring more than 180 people. We will also be investing more than $100 million into the Commonwealth of Virginia over the next few years, in terms of property, plant and equipment,” said Heather Armentrout, president and general manager, Kongsberg Defense and Aerospace, Inc., the US subsidiary of KONGSBERG. “This is in addition to expansion at our core US production facility in Johnstown, Pennsylvania.”

 

Read full article here.

Source: Kongsberg