EU financial support for increased ammunition production in Sweden
The European Commission has granted Nammo Sweden AB approximately EUR 12.2 million in support under the Act in Support for Ammunition Production (ASAP).
The European Commission has granted Nammo Sweden AB approximately EUR 12.2 million in support under the Act in Support for Ammunition Production (ASAP).
The Finnish defence industry has been granted EUR 32.5 million in EU funding for ramping up its ammunition production.
In a significant move responding to the ongoing conflict in Ukraine, Nammo, one of Europe’s leading artillery ammunition manufacturers, has shifted to round-the-clock production at its facility in Karlskoga, Sweden.
Norwegian government has announced an allocation of an additional two billion kroner to enhance the production capacity of its defence industry.
FMV, the Swedish Defence Materiel Administration, has signed an agreement with the ammunition manufacturer Nammo, supporting a project application within the ASAP initiative.
Finland has announced plans to double its production of artillery ammunition, with investments aimed at expanding the capacity of its defence industry totaling EUR 130 million.
Norwegian Defence Minister Bjørn Arild Gram announced the decision to join the European Support for Ammunition Production (ASAP) program, with Norway contributing approximately 190 million NOK as its membership fee. “Joining ASAP has the potential to trigger billion-kroner investments into increased production capacity within the Norwegian defense industry,” Gram stated. In a strategic move …
Norway commits NOK 690 million to bolster domestic ammunition production Read More »
Sweden, Denmark, Finland, and Norway have signed an agreement on the joint procurement of ammunition to support Ukraine in the ongoing war with Russia.
A Boeing and Nammo team set a record for longest indirect fire test of a ramjet-powered artillery projectile alongside officials from the U.S. Army.
The DiNa155mm projectile is a modern, new generation explosive projectile developed and qualified in Norway.
Nammo has signed a contract with the Norwegian Defense Materiel Agency (NDMA) to supply 155mm artillery ammunition.
Nammo’s revenues rose to a record-high of NOK 7.45 billion, marking a 7 percent increase from the previous year.