The Nammo Group’s shareholders are the Norwegian Government represented by the Norwegian Ministry of Trade, Industry and Fisheries (50 percent) and the Finnish Defense and Aerospace Group, Patria Oyj (50 percent).
The Nammo Group is driven by precision engineering, a dedication to safeguarding the environment, and the development of innovative, global solutions. With a total of 22 production sites and sales offices, the Nammo Group operates through 6 business units: Commercial Ammunition, Small and Medium Caliber Ammunition, Large Caliber Ammunition, Shoulder Fired Systems, Aerospace Propulsion, Demil, Sea Safety and Services.
The company has 2100 employees, is present in 12 countries, and the company’s annual revenue is USD 600 million (EUR 450 million).
Nammo Group’s innovative, wide-ranging products and services are implemented world-wide. Its broad portfolio includes shoulder-launched munitions systems, military and sports ammunition, rocket motors for military and space applications, and environmentally friendly demilitarization services.
As a technology-driven aerospace and defense group, the majority of Nammo’s business comes from national armed forces and national defense industries in the countries where the organization operates. The remaining portion of the company’s business is comprised of commercial sales of services and sports and security products.