Nammo completes acquisition of Chemring Ordnance
Nammo announced on 6 May that it has completed its acquisition of Chemring Ordnance, which is based in Perry, Florida. The new division will be known as Nammo Perry Inc.
The company confirmed the move as it released its annual report for 2019, showing a second consecutive year of record-high revenues.
Additionally, the report showed that Nammo’s order book increased by 30% compared to 2018.
Morten Brandtzæg, president and CEO of the Nammo Group (pictured holding the microphone), said: ‘Nammo Perry Inc is joining the group during a time of major change and development for the company… the arrival of Perry means we now have more employees in the US than anywhere else.’
In 2019, the company consolidated its US manufacturing division, Nammo Defense Systems, which resulted in the US market becoming the group’s largest source of revenue.
You may also like
More from Defence Notes
-
![Top-level commitments but no meat in UK Defence Industrial Strategy’s Statement of Intent]()
Top-level commitments but no meat in UK Defence Industrial Strategy’s Statement of Intent
The initial document focused more on creating the right partnerships and inspiring investment in defence than on any details of how future UK Armed Forces would be armed.
-
![UK begins process on new industrial strategy]()
UK begins process on new industrial strategy
The first stage of developing a new UK Defence Industrial Strategy has highlighted failings in current structures with solutions expected to be proposed in next year’s full strategy.
-
![Romanians put pro-Russian candidate into presidential runoff even as the government spends west]()
Romanians put pro-Russian candidate into presidential runoff even as the government spends west
Romania joined NATO more than two decades ago and the country is vital to the alliance’s geographic reach and its ability to supply Ukraine with weapons.
-
![What the future holds for Ukraine and NATO under a Trump administration]()
What the future holds for Ukraine and NATO under a Trump administration
Although Trump’s geopolitics policy for Europe remains unclear, defence analysts from the US and Europe predict how his incoming administration would attempt to handle critical issues on the continent.
-
![RUSI deputy: UK needs longer procurement plans and improved awareness of US sift to Indo-Pacific]()
RUSI deputy: UK needs longer procurement plans and improved awareness of US sift to Indo-Pacific
The UK budget announced in Parliament on 30 October was the first by a Labour government in 14 years which has also launched a review into defence procurement programmes.
-
![Australia outlines longer punch and brings local industry onboard]()
Australia outlines longer punch and brings local industry onboard
The Australian government has placed a focus on Guided Weapons and Explosive Ordnance (GWEO) which has included the purchase of additional long-range rocket systems and investments in local production of missiles.
