Kongsberg to Establish Missile Factory in the U.S.

URLhttps://www.navalnews.com/naval-news/2024/09/kongs
SourceNaval News Staff
Date Published09/17/2024

Additional Reshoring Information:

Company/Division name Kongsberg Defence and Aerospace
Parent company Kongsberg Defence and Aerospace
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):180
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2025
Capital investment ($):100
Country(ies) from which reshored:Norway
City reshored to:James City County
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredMissiles
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Impact on domestic economy, Infrastructure, Proximity to customers/market
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