Kongsberg Has ‘Really Steep’ Demand for Its Missiles, CEO Says
Bloomberg 2026-06-29 09:05:04
Context: Kongsberg, a leading missile manufacturer, is experiencing surging demand for its products, according to its CEO Eirik Lie, amid a backdrop of increased European defense spending. The company has observed a positive trend in defense spending among European countries, although it still falls short of the required levels. This development comes ahead of the NATO summit in Ankara, Turkey, where member states will be expected to demonstrate progress towards meeting their defense spending targets.
Key Facts
- Kongsberg has seen a "positive movement forward" in European defense spending throughout last year, according to its CEO Eirik Lie.
- The company's CEO Eirik Lie spoke to Bloomberg TV's Francine Lacqua ahead of July's NATO summit in Ankara, Turkey.
- European NATO states will be expected to prove they are progressing towards spending 5% of GDP on defense at the upcoming NATO summit.
- The current level of European defense spending is still not at the level needed, according to Eirik Lie.
- Kongsberg is experiencing "really steep" demand for its missiles, as stated by its CEO Eirik Lie.