Kongsberg Defence & Aerospace ("KONGSBERG") has signed an Undefinitized Contract
Action (UCA) with the United States Air Force (USAF) for the delivery of Joint
Strike Missiles (JSM) for their F-35A aircraft.

The contract has a not-to-exceed value of $141 million and deliveries will start
in 2026.

We are very pleased that the US Air Force - as the world's largest operator of
the F-35A Lightning II - has decided to procure JSM. JSM combined with the
extremely advanced F-35 aircraft creates a formidable strike capability and
validates JSM as the internal strike capability for the F-35A.  "The selection
of JSMs by both the USAF and Royal Norwegian Air Force also fully supports
NATO's vision for interchangeability of equipment between allied nations" said
Eirik Lie, President of Kongsberg Defence & Aerospace.


About Joint Strike Missile (JSM)
The Joint Strike Missile (JSM) is an air-launched strike missile and is designed
to fit into the internal weapons bay and to fulfill complex missions, such as
Anti-surface Warfare (ASuW) and land attack. The primary targets are typically
highly defended and high-value assets on sea, in coastal waters or on land. JSM
has an off-board, on-board and in-flight mission planning capability and can
engage targets based on a pre-defined set of Rules-of-Engagement. Development of
the JSM was contracted by the Norwegian Defence Materiel Agency (NDMA).

KONGSBERG (OSE ticker: KOG) is an international, knowledge-based group that
supplies high-technology systems and solutions to customers in a wide range of
markets such as defence, security, maritime, energy, aerospace, climate mapping
and subsea technology. KONGSBERG has more than 13,500 employees in 39 countries
and has a total turnover of NOK 40.6 billion in 2023.

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