# Kongsberg Defence & Aerospace invests NOK 640M in missile production capacity

Kongsberg Defence & Aerospace is investing over NOK 640 million to increase missile production capacity, including equipment for a new missile factory in Kongsberg and a new facility for sensor components, with support from Norwegian authorities and the EU's ASAP program.

- Type: Expansion
- Announced: 2024-03-15
- Where: Kongsberg, Norway
- Value: $60.0M (640.0M NOK)
- Status: announced
- Products: missiles, sensor components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Kongsberg Defence & Aerospace](https://endata.com/companies/5342.md)

## Sources

- [kongsberg.com](https://www.kongsberg.com/news/news-archive/2024/kongsberg-investing-in-increased-missile-production-capacity/), 2024-03-15: "The support from the Norwegian and European authorities contributes to our ability to implement concrete measures to further strengthen KONGSBERG's missile production capacity, reduce lead times and enhance the supply chain."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.