The initial phase of the co-funded project evaluated potential sites, infrastructure requirements, and environmental considerations. With this phase now complete, the concept selection stage will begin, focusing on determining the facility’s size and the associated commercial arrangements, with completion expected in 2026.
“We are delighted that the Norwegian Government has confirmed that this important study will continue to the next phase,” said Michael Ord, Chief Executive of Chemring. “This decision is a further indicator of the critical need to rapidly increase capacity across the European defence industrial base.”
Chemring views the development as part of its strategic approach to growth in defence and national security sectors. “This decision is further evidence of Chemring delivering its strategy of delivering growth through a combination of organic investment and bolt-on acquisitions in high-priority defence and national security markets,” Ord added.
