| Asvald Gruppen ASA |
|Traded as||RKSE: AG|
|Industry||Aerospace, Arms industry, Information security.|
No.12-100, King Fredrick Street, Asvald, Kazulia.
Civil and military aerospace, Defence electronics, Naval vessels, Munitions, Land warfare systems
Maintenance, consultancy, training etc.
|Revenue||▲KKR£17.90 billion (4189)|
|Net income||▲KKR£1.78 billion (4189)|
|Owners||The Viserby Foundation (75%)
Other stakeholders (10%)
Asvald Gruppen is a Kazulian multinational defence, security, and aerospace company. Its headquarters are in Asvald in the Kingdom of Kazulia and it has operations worldwide. It is the largest defence, security, and aerospace company in the Kingdom of Kazulia and is one of the largest defence companies in the eastern hemisphere. Its largest operations are focused in the Dovani region, specifically Kazulia, Dranland, Sekowo, Talmoria and Vorona, with other operations being centred in Majatra, Artania and Keris.
Asvald Gruppen was founded after the merger of the Asvald Defence and Maritime Corporation and the Northern Aerospace and Aeronautics Company during a period of economic uncertainty in the Kingdom of Kazulia. The original purpose of the company was to be the main defence supplier to the Kongeforsvar (Royal Kazulian Defence Force) to provide equipment and logistics support when Asvald Defence and Maritime Corporation shifted from a general military company to one more specialized for producing army and air force equipment.
Upon the completion of the merger process, the company was named Asvald Gruppen, a commemoration of the former headquarters of the two companies, that being Asvald, Kelvon. Subsequently the company began to diversify its business interests into maritime consulting, sea based security services, international business and trade consulting along with a small market for automotive design and construction.
Subsidiary Companies Edit
Asvald Gruppen is broken into several subsidiary companies with bases in varying countries across the globe.
- Asvald Gruppen Land & Armaments: - the subsidiary company of Asvald Gruppen responsible for the design, development and production of combat vehicles, ammunition, artillery systems, naval guns and missile launchers.
- Asvald Gruppen Maritime: - the subsidiary company of Asvald Gruppen responsible for the design, development and production of combatant vessels and commercial maritime vessels.
- Asvald Gruppen Intelligence and Electronic Support: - the subsidiary company of Asvald Gruppen responsible for electronic systems support, production and design as well as intelligence analysis and statistical review.
- Asvald Gruppen Aerospace Engineering: - the subsidiary company of Asvald Gruppen responsible the design, development and production of commercial and combatant aircraft.
Recent History Edit
In 4189, Asvald Gruppen carved up all available stakes of the Kostandian Bay Maritime Corporation (that being 49%) in a deal between the Government of Zardugal and the company's management.