During peaceful times, the defence industry gradually evolved into many other kinds of high tech activities as well, now dominating the town's employment. In 1987, however, the state-owned Kongsberg Weapons Factory (Kongsberg Vaapenfabrikk) suffered a major financial crisis as well as accusations of breaching the CoCom rules by selling sensitive technology to the Soviet bloc. As a result, the company was split into several smaller units and partly sold to private investors. Today, the separate firms thrive as one of Norway's main high-tech industrial clusters, centering on the defence and maritime company Kongsberg Gruppen which is listed on the Oslo Stock Exchange.
During peaceful times, the defence industry gradually evolved into many other kinds of high tech activities as well, now dominating the town's employment. In 1987, however, the state-owned Kongsberg Weapons Factory (Kongsberg Vaapenfabrikk) suffered a major financial crisis as well as accusations of breaching the CoCom rules by selling sensitive technology to the Soviet bloc. As a result, the company was split into several smaller units and partly sold to private investors. Today the separate firms thrive as one of Norway's main high-tech industrial clusters centering on the defence and maritime company Kongsberg Gruppen which is listed on the Oslo Stock Exchange