The Norwegian defence industry – main figures for 2024

We have studied key figures for 2024 from companies in the Norwegian defense industry. The industry has collectively reported a continued growth in defense-related revenue of 34 %. Revenue from the Armed Forces, other Norwegian customers, and foreign customers all increased. The four largest companies accounted for 70 % of the total defense-related revenue.
Revenue from foreign customers grew by 34 % from 2023 to 2024. This consists of exports and revenue from foreign subsidiaries, which increased by 40 % and 27 %, respectively.
Defense-related research and development (R&D) increased by 87 % from 2023 to 2024. This includes both self-financed R&D and R&D funded by others, which increased by 77 % and 92 %, respectively.
The defense-related order backlog continued to grow—by 71 % in 2024. The order backlog was more than three times the total defense-related revenue.
The number of defense-related full-time equivalents (FTEs) in the companies was 42 % higher than in the previous measurement. Norwegian FTEs and FTEs in foreign subsidiaries contributed roughly equally to the increase.
The statistics are based on data from 91 companies, 21 more than in 2023.