Kongsberg Buys US Missile Company Zone 5 for Undisclosed Sum
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Norwegian defense company Kongsberg Gruppen ASA signed an agreement to buy US missile company Zone 5 Technologies LLC, which produces long-range strike and anti-drone missiles, for an undisclosed sum. “The acquisition of Zone 5 marks a significant strategic move for Kongsberg,” Chief Executive Officer Geir Haoy said. “Zone 5 is at the forefront of developing affordable missiles to be produced in high numbers.”