The agreement provides funding of more than NOK 1 billion, and Nammo has committed to maintaining the new production capacity for at least 15 years. The initiative came at the request of the Norwegian government, and will specifically lead to investments and production capacity increases for artillery shells, rocket motors, and 120mm tank ammunition.
“Ukraine has an enormous and urgent need for ammunition and weapons. The Government has implemented a number of measures to enhance production in the Norwegian defence industry. This agreement will make it possible for Nammo to expand production of highly sought-after military equipment. This is of great importance for Ukraine, for Allied security and for our own national preparedness,” said Norway’s prime Minister, Jonas Gahr Støre.
The newly revealed plans aim to significantly strengthen Nammo’s industrial capabilities: Production of the most modern artillery shells can be increased tenfold, while production of other artillery ammunition and rocket motors can be doubled. Production of 120mm tank ammunition will also be increased.
‘”We are enabling Nammo to increase its production capacity significantly to help meet Norwegian, Allied and Ukrainian needs. I am pleased that Nammo has committed to maintaining this capacity for at least 15 years. This is essential in order to strengthen national preparedness, safeguard international security and augment local value creation,” said Norway’s minister of Defence, Bjørn Arild Gram.
Nammo plans to have the new production line up and running as soon as possible, and at the latest by the end of 2026.
“This represents a major step forward for Nammo, and it would not have been possible without the Government’s initiative. The new production line will give us an unprecedented increase in capacity. It will also create many jobs, promote growth, and greatly improve our ability to supply Norway, NATO and Ukraine,” said Nammo CEO Morten Brandtzæg.
