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Fjord Defence Group ASA - Scanfiber Composites secures contract worth ~NOK 52 mllion for advanced ballistic protection from major European OEM

By Oslo Stock Exchange

Oslo, 13 October 2026 Scanfiber Composites A/S ("Scanfiber"), a wholly owned subsidiary of Fjord Defence Group ASA ("DFENS"), is pleased to announce that it has received a follow-on order valued at approximately NOK 52 million (EUR 4.5 million) from a major European defence OEM.

The order covers the delivery of advanced ballistic protection solutions, reinforcing Scanfiber's market-leading position in lightweight composite armour and spall liners. The customer is a long-standing, recurring partner, underlining the trusted, long-term relationships Scanfiber maintains within the European and NATO defence ecosystem.

Deliveries under the contract are scheduled to take place through 2027, further contributing to the strong revenue visibility and robust order backlog across Fjord Defence Group's portfolio companies. Peter B. Bertelsen, CEO of Scanfiber, said: "We are proud to receive this substantial order from a valued, recurring customer. Winning repeat business of this scale is a strong testament to our technical capabilities, product reliability, and our team's dedication to delivering cutting-edge ballistic protection solutions. This contract further strengthens our order pipeline and underpins our growth trajectory as part of Fjord Defence Group."

For more information, please contact:

Jon Asbjørn Bø, CEO

jab@fjorddefence.com

+47 930 86 932

About Fjord Defence Group ASA

Fjord Defence Group ASA ("DFENS") is a Norwegian "compounder" listed on Euronext Oslo Børs seeking to acquire and develop fast-growing, profitable, and well-run companies in the defence industry. The company operates under a buy-and-build strategy, focusing on established businesses with strong technological advantages and global market positions.

https://newsweb.oslobors.no/message/686446

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