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Nammo Awarded $260 Million Contract to Increases Norwegian Ammunition Production

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Nammo Awarded $260 Million Contract to Increases Norwegian Ammunition Production

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Nammo's .338 series (8.6mm)
Nammo's .338 (8.6mm) series

The Norwegian Ministry of Defence will order artillery ammunition from the Norwegian company Nammo for up to NOK 2.6 billion ($260 Million). This will give Nammo increased production capacity and guarantees for ordering raw materials for production. The war has resulted in a strong international demand for weapon systems and ammunition. Several NATO countries have donated artillery ammunition to Ukraine, Norway included. The war has also had major consequences for delivery times, prices and access to raw materials in large parts of the world.

Nammo's 120mm ammunition series
Nammo’s 120mm ammunition series. (Photo by Nammo)

“The order means that we are speeding up orders for ammunition for our national defence. It will help us to build up our emergency stocks faster, and at the same time give the Norwegian company Nammo better predictability to be able to make further investments in production capacity. We have had a good dialogue with Nammo about how the authorities can contribute to increasing production. It is important to contribute to Norwegian and other allied defense industries increasing the rate of production,” Norwegian defence minister Bjørn Arild Gram said.

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 Nammo's mortar series
Nammo’s mortar series. (Photo by Nammo)

“The war in Ukraine has created a great need for ammunition and Norway’s Nammo plays a significant role for the NATO countries and in Western ammunition production. Ensuring the safety of the Norwegian population through good preparedness is one of the main tasks of the government. With this order, the government is contributing both to our national military preparedness, and to facilitating the maintenance of Western support for Ukraine by strengthening our own weapons production,” Norwegian Finance Minister Trygve Slagsvold Vedum said.

 Nammo's 155mm ammunition series
Nammo’s 155mm ammunition series. (Photo by Nammo)

Nammo, short for Nordic Ammunition Company, is a Norwegian/Finnish aerospace and defence group specialized in production of ammunition, rocket engines and space applications. The company has subsidiaries in Finland, Germany, Norway, Sweden, Switzerland, Spain, Australia, the United Kingdom, the Republic of Ireland, the United States, and Canada. The company is owned 50/50 by the Norwegian government (represented by the Norwegian Ministry of Trade, Industry and Fisheries) and the Finnish defence company Patria. The company has its headquarters in Raufoss, Norway.

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