Nammo plans to pursue $117m investments in new technology and production
Norway-headquartered ammunition manufacturer Nammo is considering investments worth more than NOK1bn ($117m) in new technology and equipment across its sites over the next five years.
The proposed investment follows an increase in the company's annual result by 35% in 2016.
Nammo CEO Morten Brandtzæg said: “The stronger our results, the stronger our ability to invest in the future.
“Our 2016 results will support our efforts to develop new and more capable products for the men and women in uniform who rely on these products to do their jobs, and to do so more efficiently, and at a lower cost. In short, we will be able to invest heavily in the capabilities that define us as a company.”
As part of the new investments, the company plans to set up a new production line for 20mm to 30mm ammunition, including the 25mm APEX round developed for the F-35 Lightning II joint strike fighter.
Located at Nammo’s research and production hub at Raufoss in Norway, the new fully automated, easily reconfigurable facility will allow the same production line to manufacture a wide variety of ammunition types with minimal personnel.
Brandtzæg added: “While our immediate goal for this investment is to prepare for mass production of APEX, we also want to adapt to the changing requirements of the various armed forces we serve. Increasingly they want a wider variety of ammunition types, but each of them in smaller quantities, which represents a challenge in terms of costs.
“This investment ensures that we can provide an affordable solution to these requirements, all while improving efficiency and safety for our staff.”
Nammo said that its new fully automated medium-calibre production line will require 80% less manual labour than current systems.
Image: Based in Norway, Nammo is an international defence and aerospace group represented at 23 locations in 12 countries. Photo: courtesy of Nammo.