OB:KOGAerospace & Defense
Kongsberg Gruppen (OB:KOG) Could Be 12% Undervalued After Two Major Defence Contract Wins
Kongsberg Gruppen (OB:KOG) stock is in focus after the company announced two large defence contracts: a NOK 4,700 million Joint Strike Missile deal and a NASAMS air defence agreement worth about US$400 million.
See our latest analysis for Kongsberg Gruppen.
The strong contract momentum has coincided with a sharp pick up in Kongsberg Gruppen’s trading, with a 7 day share price return of 17.85% and a year to date share price return of 21.88%. The 3 year total shareholder return of about 3.5x...