Norway's domestic intelligence agency has launched a formal investigation into Kongsberg Discovery. The company faces allegations of violating export control regulations.
Police Attorney Thomas Blom confirmed the investigation in an official statement. He said recent media reports prompted the security service to conduct additional inquiries.
Kongsberg Discovery is part of Kongsberg Gruppen, Norway's major defense and technology corporation. The company specializes in maritime technology and underwater systems.
Export control regulations prevent sensitive technology from reaching unauthorized foreign entities. Norway maintains strict rules about defense-related exports.
This investigation comes at a challenging time for Norway's defense industry. The sector faces increased scrutiny over technology transfers amid global security concerns.
The security police did not specify which countries or technologies are involved. Their statement emphasized the need for thorough examination of the allegations.
Norwegian export control investigations can result in substantial fines for companies. In severe cases, they may lead to revoked export licenses.
Kongsberg Discovery has not yet issued a public response to the investigation announcement. The company's stock performance may be affected by these developments.