Nammo signs record ammo deal with Norway
Nammo has signed a four-year framework agreement with the Norwegian Defence Logistics Organization (NDLO) for ammunition deliveries to the Norwegian armed forces.
Worth in excess of NOK 1.7 billion, the agreement will support Norway’s efforts to improve its levels of training and operational readiness, and represents the largest ever ammunition contract entered into in Norway.
‘We are honoured by the trust placed in us by such a demanding customer as the Norwegian armed forces,’ Morten Brandtzæg, president and CEO of the Nammo Group, said.
Norwegian defence minister Frank Bakke-Jensen emphasised the importance of the agreement in addressing the longstanding concern regarding ammunition supply.
‘It is absolutely crucial that the armed forces have sufficient ammunition both for day-to-day operations and for its readiness stores,’ he said.
‘This has been a challenge for several years, and I’m very pleased that we will now get this resolved.’
The framework agreement sets the terms for a series of subsequent agreements between Nammoand the NDLO.
The first of these was signed during the ceremony that took place in Oslo, and it outlines the expected deliveries to the Norwegian armed forces over the coming four years.
This allows Nammo to plan and deliver more efficiently, as well as secure long-term supplies of critical raw materials and components.
Nammo and NDLO also signed a letter of intent to pursue a second agreement within the scope of the framework agreement, which will detail Nammo’s role in preserving Norway’s national security of supply.
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