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Kongsberg sees billions of dollars in possible missile sales
Reuters ^ | Oct 13, 2014 | ANDREA SHALAL

Posted on 10/13/2014 8:41:24 PM PDT by sukhoi-30mki

Kongsberg Gruppen ASA says its Naval Strike Missile (NSM) and a sister missile developed to go into the bomb bay of the F-35 fighter jet could generate billions of dollars of new revenues for the Norwegian company in coming years.

Walter Qvam, president and chief executive of Kongsberg, told Reuters that Russian aggression in Ukraine was seen as a "serious new situation" in Europe, and was already starting to drive European defense spending higher. Kongsberg was seeing higher demand for its air-defense system, he said.

Kongsberg, which is celebrating its 200th anniversary this year, is trying to pump up its defense sales in the United States, which accounts for about 35 percent of its annual revenues, as it looks to offset sales in the oil and gas sector.

Qvam, who spoke to Reuters during the annual Association of the U.S. Army conference in Washington, said Kongsberg could see billions of dollars in revenues from the NSM missile, a long-range precision strike missile, in coming years.

He said the Navy viewed the NSM as a capability that could strengthen the LCS class of coastal warships.

The Navy test-fired a NSM from the USS Coronado, one of its Littoral Combat Ships, last month, striking its target directly.

Qvam said he was also upbeat about the future of the Joint Strike Missile, or JSM, which is based on the same technology as NSM. The new missile is planned as part of the Block 4 upgrade of the F-35 Joint Strike Fighter, built by Lockheed Martin Corp , although it will be optional for buying countries.

(Excerpt) Read more at reuters.com ...


TOPICS: Foreign Affairs; News/Current Events
KEYWORDS: aerospace; f35; kongsberg; norway; nsm

1 posted on 10/13/2014 8:41:24 PM PDT by sukhoi-30mki
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To: sukhoi-30mki

I want one.


2 posted on 10/13/2014 8:55:36 PM PDT by Army Air Corps (Four Fried Chickens and a Coke)
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To: sukhoi-30mki

Help me out: what is the advantage of this over a Harpoon?


3 posted on 10/13/2014 9:32:59 PM PDT by LSUfan
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To: Army Air Corps

Fine, but I get to designate the target.


4 posted on 10/13/2014 9:56:29 PM PDT by Sequoyah101 (There is no collateral damage.)
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To: LSUfan
Help me out: what is the advantage of this over a Harpoon?

The warhead is twice as large and the range is almost twice as long. There may be other advantages. But both missiles are surprisingly slow - high subsonic, whereas modern anti-ship cruise missiles with ramjets are high supersonic to hypersonic.

5 posted on 10/13/2014 10:02:10 PM PDT by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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To: Alter Kaker; LSUfan

Actually, the Harpoon’s warhead is nearly twice as large as that of the NSM (220 kg vs 125 kg).

The NSM/JSM’s main advantage is its smaller size, which allows it to be carried internally in the JSF. Being a far ‘newer’ weapon, its also much more stealthy.


6 posted on 10/13/2014 10:13:01 PM PDT by sukhoi-30mki
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To: Army Air Corps

We will put one i
n your stocking at Christmas.


7 posted on 10/14/2014 12:32:49 AM PDT by flaglady47 (The useful idiots always go first)
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To: Army Air Corps

We will put one in your stocking at Christmas.


8 posted on 10/14/2014 12:35:56 AM PDT by flaglady47 (The useful idiots always go first)
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