Nammo Awarded $260 Million Contract To Increases Norwegian Ammunition Production
The Norwegian Ministry of Defence will order artillery ammunition from the Norwegian firm Nammo for as much as NOK 2.6 billion ($260 Million). It will give Nammo elevated manufacturing capability and ensures for ordering uncooked supplies for manufacturing. The warfare has resulted in a powerful worldwide demand for weapon techniques and ammunition. A number of NATO international locations have donated artillery ammunition to Ukraine, Norway included. The warfare has additionally had main penalties for supply occasions, costs and entry to uncooked supplies in massive components of the world.
“The order signifies that we’re dashing up orders for ammunition for our nationwide defence. It should assist us to construct up our emergency shares quicker, and on the identical time give the Norwegian firm Nammo higher predictability to have the ability to make additional investments in manufacturing capability. We’ve got had a superb dialogue with Nammo about how the authorities can contribute to growing manufacturing. It is very important contribute to Norwegian and different allied protection industries growing the speed of manufacturing,” Norwegian defence minister Bjørn Arild Gram stated.
“The warfare in Ukraine has created a fantastic want for ammunition and Norway’s Nammo performs a major function for the NATO international locations and in Western ammunition manufacturing. Making certain the security of the Norwegian inhabitants by good preparedness is likely one of the important duties of the federal government. With this order, the federal government is contributing each to our nationwide army preparedness, and to facilitating the upkeep of Western assist for Ukraine by strengthening our personal weapons manufacturing,” Norwegian Finance Minister Trygve Slagsvold Vedum stated.
Nammo, quick for Nordic Ammunition Firm, is a Norwegian/Finnish aerospace and defence group specialised in manufacturing of ammunition, rocket engines and area functions. The corporate has subsidiaries in Finland, Germany, Norway, Sweden, Switzerland, Spain, Australia, the UK, the Republic of Eire, the USA, and Canada. The corporate is owned 50/50 by the Norwegian authorities (represented by the Norwegian Ministry of Commerce, Trade and Fisheries) and the Finnish defence firm Patria. The corporate has its headquarters in Raufoss, Norway.
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