Nammo has signed a new contract with the Swedish Defence Materiel Administration (FMV). The agreement sets up Nammo as the sole supplier of 12.7mm ammunition until 2029. The week before Easter Nammo signed a new framework contract with FMV in Sweden. This is a 7-year contract with different types of 12,7mm ammunition. Deliveries will come from both Nammo Palencia (Spain) and Nammo Raufoss (Norway). This means that Nammo is the only main supplier of 12,7mm ammunition to the Swedish Armed Forces for the coming 7 years. The initial contract value is 120 million Swedish kroner, but the end value could rise to around 500 million Swedish kroner if all options are used.
“This is an important contract for Nammo. We are delighted, this helps the long term cooperation with our Swedish partners. In today’s security environment, strategic partnerships and the security of supply agreements are especially important. They ensure the customer gets what they need, and that we as an industry can have predictability”, says Kim Helge Dahl, Nammo’s product director for small and medium caliber.
The first delivery order has already been received. Nammo is now set to deliver substantial quantities of ammunition, and production will be ramped up to meet the company’s obligations. Nammo extensive product range includes combat and premium projectiles, cartridge technology, and commercial brands ranging from 4.6 mm to 12,7 mm ammunition. Nammo offers a wide choice of 12.7mm (.50 cal) ammunition. Whether the customer is looking for the very best sniper ammunition, something for a machine gun or specialty ammunition such as the Multipurpose (MP) – the company have you covered.
Nammo is an international aerospace and defense company headquartered in Norway. With more than 2 700 employees, 28 production sites, and a presence in 12 countries, Nammo is today one of the world’s leading providers of specialty ammunition and rocket motors for both military and civilian customers. Nammo was formed in 1998 through a merger of the ammunition businesses in the three Nordic countries, Norway, Sweden, and Finland. Today Nammo is owned by the Norwegian Ministry of Trade, Industry, and Fisheries and the Finnish Aerospace & Defense company Patria Oyj, each owning 50% of the shares in the company.