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Kongsberg Gruppen ASA

Kongsberg Gruppen ASA, together with its subsidiaries, provides high-tech systems and solutions primarily to customers in the defense markets. It operates through Kongsberg Defence & Aerospace, Kongsberg Discovery, and Other segments. The Kongsberg Defence & Aerospace segment provides various systems and services to the defence industry. It provides air defence and combat systems, sonars, and navigation for marine vessels and submarines, as well as integrated command and control systems; remote control weapon stations for land-based vehicles and marine vessels; remote tower solutions for airports; products for military tactical communication; naval strike and air-to-surface missiles; and components and services to the space industry, as well as port monitoring systems. This segment also offers lightweight composite and titanium components for F-35 combat aircraft, as well as maintenance and lifecycle services for military and civil capabilities. The Kongsberg Discovery segment offers subsea positioning and communication technologies; sustainable management technologies; and technologies that provide its customers with information about position, speed, acceleration, and heading, as well as uncrewed platforms that deliver autonomous underwater and surface vessels for research, defence, and commercial use. The Other segment focuses on digitalization within the oil and gas, and renewable energy markets. It operates primarily in Norway, Europe, North America, South America, Asia, Australia, and Africa. The company's distribution channels, including direct sales, partnerships and alliances, online platforms, marketing advanced technology. Kongsberg Gruppen ASA was founded in 1814 and is headquartered in Kongsberg, Norway.

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Robotics & Physical AI▲

Oceaneering International and Kongsberg Selected for U.S. Navy XLUUV Program

Oceaneering International and Kongsberg Gruppen have been jointly selected by the U.S. Department of Defense's Defense Innovation Unit to develop an Extra Large Uncrewed Undersea Vehicle for the Combat Autonomous Maritime Platform program. The award places Oceaneering in a central role within a high-profile autonomous undersea defense initiative, aligning with its existing subsea robotics and remote operations capabilities. The work currently focuses on concept definition and design, with no immediate visibility on production-scale orders or long-term revenue. Oceaneering reported sales of US$768.18 million and net income of US$65.02 million for the second quarter of 2026, and the company has repurchased US$170.82 million of stock since 2014. The partnership with Kongsberg, which has a long history in maritime systems, may help Oceaneering compete for future phases against peers such as General Dynamics, Lockheed Martin, and Saab.
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Robotics & Physical AI Defense & Geopolitical Fragmentation
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European Market Summary: Oil and Gas Stocks Rise on US-Iran Tensions

European equity markets edged lower. Weighed down by military exchanges between the US and Iran, the STOXX Europe 600 Oil and Gas index rose 2.22 percent, buoyed by higher crude futures. Meanwhile, the aerospace and defence index fell 1.37 percent, with Norwegian defence major Kongsberg down 6.8 percent. The travel and leisure index lost 1.22 percent, as Germany's Lufthansa dropped 4.1 percent, Ryanair 2.2 percent, and TUI 1.1 percent. In London, the FTSE 100 was nearly flat, while the mid-cap FTSE 250 index added 0.11 percent. The oil and gas index gained 3.02 percent, but the precious metals index slid 2.35 percent. In eurozone bond markets, crude prices climbed after Iran announced a renewed blockade of the Strait of Hormuz, pushing the German 10-year yield up 3.8 basis points to 3.0726 percent.
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Unmanned Underwater Vehicles Market to Reach USD 19.22 Billion by 2031, Growing at 22.7% CAGR

The global unmanned underwater vehicles market is projected to grow from USD 6.91 billion in 2026 to USD 19.22 billion by 2031, at a CAGR of 22.7%, according to a new report by MarketsandMarkets. The market spans autonomous underwater vehicles and remotely operated vehicles, with growth driven by naval modernization programs, offshore energy inspection needs, and rising investment in oceanographic research. Asia-Pacific is the largest region in 2026, while military and defense leads by application and AUVs are the fastest-growing type. Key players include Kongsberg, L3Harris Technologies, and Oceaneering International.
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