Malaysia seeks $251 million from Kongsberg after Norway revokes permit, scuttling missile deal
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Article Excerpt
Malaysia is seeking $251 million in damages from Norwegian defense company Kongsberg Defence Systems AS after Norway revoked a key export permit for a long-range anti-ship missile (LRASM) deal, effectively scuttling the agreement.
The Malaysian government had been negotiating with Kongsberg for the acquisition of LRASMs as part of an effort to modernize its naval capabilities. However, in March 2023, Norway’s Ministry of Foreign Affairs announced that it would not issue a permit for the export of the missiles to Malaysia due to concerns over their potential use against Chinese vessels and the…
Read full article at Winnipeg Free Press ↗
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