Kongsberg CEO Says Demand for Its Missiles Is ‘Really Steep’

Kongsberg has seen a “positive movement forward” in European defense spending over the past year, though it is still not at the level needed, Chief Executive Officer Eirik Lie said, according to Bloomberg. Lie made the comments in an interview with Bloomberg TV’s Francine Lacqua ahead of July’s NATO summit in Ankara, Turkey, where European NATO states will be expected to show progress toward spending 5% of GDP on defense.