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.
More from Defence Notes
-
![Canada set to look away from its neighbour and across the Atlantic for partners]()
Canada set to look away from its neighbour and across the Atlantic for partners
While non-EU UK struggles to join the Security Action for Europe initiative, which provides loans for defence programmes, Canada has become the first country outside Europe to get access – and did so for a nominal fee.
-
![NATO experiments with solutions to integrate networks, AI and uncrewed systems]()
NATO experiments with solutions to integrate networks, AI and uncrewed systems
During the latest edition of the NATO DiBaX, the alliance tested multiple capabilities to inform requirements for future efforts.
-
![Leonardo unveils plans for Michelangelo air defence dome]()
Leonardo unveils plans for Michelangelo air defence dome
The new multi-layered defence system will harness AI to neutralise airborne threats and protect Europe from Russian aggression.
