What Happened
Norwegian Defense Giant Expands Low-Cost Munitions Portfolio
Kongsberg, a Norwegian missile manufacturer, has completed the acquisition of a 90% stake in US-based Zone 5 Technologies, a maker of low-cost cruise and interceptor missiles. The acquisition adds Zone 5’s products, including the Rusty Dagger cruise missile and the White Spike missile interceptor, to Kongsberg’s portfolio of high-performance munitions. The original leadership team will continue to manage Zone 5 as an independent US subsidiary. This development was first reported by Aviation Week.