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Good morning and welcome to the presentation of Kongsberg's third quarter result. This presentation is done as a webcast only and you will be able to send in questions through the chat function. Please note that this presentation contains forward-looking statements That by their nature involve known and unknown risks, uncertainties and other important factors that could cause the actual results to differ. Today's presentation will be delivered to you by our CEO Eirik Lie and our CFO Martin Wien Fjell. With that, I will hand it over to our CEO Eirik.

Thank you, Jan Edvin, and good morning, everyone, and welcome to this third quarter results presentation. Before I dive into the details on the third quarter, I would like to take a step back. Looking at the world around us, it is clear to me that what we do at Kongsberg has never been more important. The defense market in Europe is changing faster than it has in decades. Countries across the continent are putting historic amounts of money into defence. Europe is planning to spend up to 800 billion euros more on security by 2030. Demand is no longer a temporary trend. It is a long-term shift. The war in Ukraine shows few signs of slowing down, despite efforts to establish a ceasefire or a lasting deal. Just last week, I met with President Zelensky in Oslo. He repeated the importance of air defense systems and the need for wide range of anti-drone capabilities. The president highlighted the need for affordable missiles in high volumes and for sovereign European satellite constellations. These are segments where Kongsberg have market leading products and can make a difference. Earlier this month, I was in Warsaw for the annual Security Forum. Here, the messages from NATO and European Defence Ministers were clear. Europe must continue to invest in its own defence capabilities. And there is a need to increase industrial production across Europe. Europe and NATO are making significant investments. and Kongsberg has products that meet both the defense capabilities and production demand. The third quarter of 2026 was characterized by high activity levels across the company, both in new orders and in our production facilities. We continued to sign significant new contracts and we made key deliveries to our customers. In the quarter, revenues increased by 50% to 11.3 billion from the same period last year. This was also the first full quarter with Zone 5 as part of Kongsberg. Earnings before interest and tax were 1.9 billion, an increase of 66%, resulting in an EBIT margin of 16.4%. The results were driven by high volumes across the company with strong growth, particularly in air defense and missiles product. Order intake in the quarter was about 23 billion. This took the total order backlog to 174 billion. As usual, Martin will provide further details about the financial in his presentation. Activity levels were high throughout the third quarter. We completed the acquisition of Sonatec, which broadens our technology portfolio and improves our market presence in the US. We keep investing in new production facilities. In Warsaw, we announced a new factory in the Gdansk area in Poland, which will increase our production capacity in Europe. The facility will be an integrated part of Kongsberg's European manufacturing network to serve Poland and other future customers. We expect production to start during the first half of 2028. This quarter we moved into new facilities in Horten, Norway. This is important to increase capacity for our undersea offerings. and the building of new VISA factories in the US and Australia remain on track. We have expanded our production volume significantly and we have the capacity to deliver on current order backlog as well as to add new projects. High demand for our key products drove the order backlog to 174 billion, a new record level. The biggest contract this quarter was Belgium's order for Nasems. The contract has a value of about 10 billion and is also the biggest Nasems contract we have signed. At the same time, the Netherlands placed an additional Nasems order worth 1.5 billion. There are now 18 user countries confirming NASEN's position as a market-leading medium-range air defence system. We continued to see strong demand for our other core products, such as strike missiles and weapon stations. In the quarter, we signed a contract valued at 1.1 billion for the delivery of protector remote weapons systems to the Canadian Army. and the U.S. Air Force placed a new order for the Joint Strike Missile worth $100 million. Zone 5 continues to have a positive development. In the third quarter, the company secured a U.S. government contract worth $65 million for the Arrested Dagger Missile. Demand for our portfolio of autonomous underwater systems is strong. Today we can announce that we were awarded a contract by the US government for autonomous underwater vehicles. The contract is valued at 54 million dollars. Undersea warfare is one of the new frontiers of modern defense. The use of autonomous systems supported by artificial intelligence enables platforms to undertake complex missions more effectively. The speed of innovation in the commercial sector is driving changes in this market. Kongsberg is well positioned in the industry domain with our dual use solutions to commercial and defense customers. Demand for our technology is rising. From maritime surveillance to defense visionized systems with highly trusted autonomous capabilities. The undersea market is expected to become one of the fastest growing segments in the defense market. We are now seeing demand turn into contracts. The new contract with the US government for autonomous underwater vehicles is one example. Undersea Warfare is priority market for Kongsberg. And because of this, we have taken steps to strengthen our technology portfolio in key markets and to improve our production capacity. In September, we completed the acquisition of Sonotech. The California-based company is a specialist in underwater acoustics and a key technology supplier to the US Navy. Put simply, the company delivers devices and systems that transmit, receive and process sound signals through the ocean. This acquisition strengthened Kongsberg's position as a partner to the US Navy and provides exciting growth opportunities in the US. Our technology aligns well with Sonatec's capabilities. and will give the US Navy access to a broad range of cutting edge products, systems and solutions. As I mentioned at the beginning, we recently opened the Horten Horizon facility in Norway. This site includes 45,000 square meter offices, R&D facilities and production lines. The new site will strengthen our delivery muscle in the undersea warfare market. Where we expect demand will continue to rise. That concludes the first part of my presentation. I'm now happy to hand over to our CFO, Martin. Thank you.

Thank you, Eirik, and good morning to everyone joining us online. I will take you through the financial highlights of the third quarter, including the main drivers of growth, profitability and cash flow. Now let's look at order intake and order backlog. Total orders for the quarter came in at 23.3 billion, compared to 9.5 billion last year. Eirik has already highlighted the major contracts behind this strong order intake. To put this in perspective, Order intake was more than double our revenues in a quarter, giving a book-to-bill ratio of 2.06, and for the first nine months of the year, we have secured close to 67 billion in new orders. The total order backlog now stands at 174.2 billion, an all-time high. This provides visibility into future activity. And I would like to echo what Eirik said. Delivering on this backlog is our number one priority. The backlog spans out in time, and currently 7% of the total is due to be delivered in the last quarter of 2026. 30% is scheduled for 2027, totaling 53 billion, and the remaining 63%, totaling 109 billion, is for delivery in 2028 and beyond. This underlines the long-term horizon and the visibility that we have going forward. Moving on to revenues, I'm pleased to report double-digit growth in all divisions. Total revenues for the quarter came in at 11.3 billion compared to 7.6 in the corresponding quarter last year. This represents a growth rate of 50%. This level of growth would not be possible without the impressive efforts of our employees and suppliers who continue to deliver on increasingly large and not least complex projects. We have now moved beyond 11 billion in quarterly revenues, another milestone on our journey towards our long-term financial ambitions. Defence systems reported revenues of 5.4 billion, an increase of 58% from last year. This was mainly driven by increased deliveries within air defence. Missiles and air structures delivered revenues of 4 billion, up 87% from last year. Missile deliveries increased in the quarter and we are on track with the scaling of our production. The newly acquired SOM5 technologies contributed strongly to the revenue growth, with Q3 marking its first full quarter as part of Kongsberg. Discovery grew revenues by 11% from 1.8 billion last year to 2 billion this quarter. The main growth drivers were higher activity for unmanned underwater vehicles and small satellites. The growth is impacted by slower production due to the ongoing moving process, which is now largely complete. Next, let's look at EBIT and EBIT margin. Total EBIT came in at 1.9 billion in the quarter, up from 1.1 in Q3 of last year. This yields a growth rate of 66%, a very solid performance. The Kongsberg EBIT margin increased from 16.4% from 14.8% last year. Higher volumes and solid project execution supported the improvement. And behind the company figures, the divisions were affected a little bit different this quarter. Defence Systems reported EBIT of 1.1 billion with a margin of 20.6%. This is a doubling of profit from last year. Higher volumes, solid project execution and favourable project mix supported the results, which also had a positive impact on the margin. Missiles and Air Structures reported EBIT of 0.5 billion, up from 0.4 billion last year. The margins stood at 11.6%, down from 16.5% last year. As previously mentioned, this is the first full quarter with impact from SOM 5, where margins initially will be significantly lower than the rest of the division. Our NSM and JSM production scale with improved margins, but the division is diluted by transaction costs and the Zone 5 ramp-up. We maintain our ambition for Zone 5 to reach similar margins as the rest of Kongsberg in 2029. The acquisition also includes a retention scheme linked to Zone 5's estimated value. This will be recognized as personnel cost over the next years. The accounting expense therefore arrives before the related cash payments. Discovery reported EBIT of 288 million, down 10% from last year. The margin came in at 14.6% versus 18% last year. As previously communicated, temporary moving costs affected our results, but most of these costs are now behind us. Adjusted for these costs, the EBIT margin came in at 17.5% for the quarter. Let's turn to Patria. As a reminder, our third quarter figures for Patria covered June, July and August. Revenue came in at 307 million euros compared to 235 million last year. EBIT rose to 37 million euros from 20 million. Patria has had a significant improvement in profitability, delivering an EBIT margin of 12.1% in the quarter. Kongsberg's share of net profit was 159 million kroner, up from 76 million. Revenue can vary significantly between quarters, reflecting the timing of material flows in major vehicle programs. The order backlog remains stable at 3.5 billion euros, and the demand for Patriot's armoured vehicles remains strong. Norway ordered 26 by 6 vehicles equipped with Kongsberg's remote weapon stations during the period. In September, Finland and Sweden moved ahead in initial tracks procurements with deliveries starting in 2027 for testing and evaluation. Finally, I will spend some time on cash flow and working capital. Kongsberg's cash position increased from 4.9 billion to 6.4 billion as of quarter end. Operating cash flow was 4.1 billion, supported by solid profit and an improvement on working capital. The acquisition of Sonatec and investments in capacity were the main outflows in the quarter. As always, working capital is subject to customer advances and milestone payments, and thus fluctuates from quarter to quarter. To sum up, our order intake led to record high order income, We delivered strong growth, solid profitability and positive working capital development, strengthening our cash position. This gives us a strong fundament for continued growth and our focus on continuous scaling capacity and delivering on the order backlog. That concludes my presentation and Eirik will now make some final remarks on the outlook. Thank you.