financetom
Business
financetom
/
Business
/
Norway to buy U.S. air defence missiles for more than $360 mln
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Norway to buy U.S. air defence missiles for more than $360 mln
Nov 3, 2024 12:20 PM

COPENHAGEN, Oct 28 (Reuters) - Norway has agreed with

U.S. authorities to buy AIM-120C-8 AMRAAM air defence missiles

for more than 4 billion Norwegian crowns ($362.91 million), the

Norwegian military said on Monday.

"With more and newer missiles, the Norwegian Armed Forces

will have a better ability to protect Norway against air

attacks," Norway's Defence Minister Bjoern Arild Gram said in a

statement from the Norwegian Defence Material Agency.

The missiles are primarily intended for Norway's

ground-based air defence system, but can also be included in the

weapons inventory of F-35A fighter aircraft, the agency said.

The procurement was among the largest single

procurements of weapons ever made for the Norwegian Armed

Forces, according to the agency.

Norway, which is a member of NATO and shares a border

with Russia, has vowed to ramp up defence spending following

Moscow's full-scale invasion of Ukraine.

($1 = 11.0220 Norwegian crowns)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved