Fjord Defence Group-Scanfiber receives two maritime orders from NATO country-05/26/2026

Research evidence excerpt

Fjord Defence Group-Scanfiber receives two maritime orders from NATO country-05/26/2026

Fjord Defence Group

NEWSFLASH | 26 MAY 2026

Scanfiber receives two maritime orders from NATO country

Scanfiber has received two orders for specialized add-on armor systems for naval vessels to an undisclosed NATO country,

totaling NOK 12m. Deliveries are set for H2'26e. Historically, the maritime mix of Scanfiber has amounted to ~10% (~NOK

16m in 2025). Management notes that heightened security demands are driving new naval builds and a marked increase in

requests for maritime armor. Scanfiber has prepared its organization for growth within the segment. We argue that the event

highlights the cross-selling opportunity with the recently announced acquisition of Frydenbø Milpro.

Link to news: Scanfiber_Maritime

Fabian Jørgensen

+47 22 87 88 43, fabian.jorgensen@paretosec.com

Olav Rødevand

+47 22 87 87 30, olav.rodevand@paretosec.com

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