Kongsberg Gruppen
NSKFF
Industrials
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Kongsberg Gruppen ASA is a Norwegian defense and aerospace company whose primary business is the development and sale of military systems. According to SIPRI data, the company generated approximately $2.06 billion in defense revenue in 2024, representing about 45% of its total revenue of $4.55 billion. Its product portfolio includes purpose-built weapons systems such as the Naval Strike Missile and the Joint Strike Missile, as well as command and control systems, remote weapon stations, and anti-submarine warfare technology.
The company has faced significant legal and regulatory scrutiny related to its military exports. In 2014, Norwegian authorities charged Kongsberg Gruppen ASA and its subsidiary Kongsberg Defence & Aerospace AS with corruption related to sales of military technology. More recently, in late 2025, Norway’s national security police (PST) initiated an investigation into Kongsberg Discovery for alleged violations of export control regulations, following reports that its technology may have reached Russia in breach of international sanctions.
Research Sources
1 organization
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
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