Nexter set for ammo boom
Nexter Group’s newly enlarged ammunition business is expected to achieve sales of nearly €750m in 2015, a 50% increase from last year.
Officials disclosed their results for 2015 during a media visit to its facilities in La Chapelle Saint-Ursin, France, last week.
This year’s strong performance has been aided by the French company’s acquisition of two ammunition companies, Simmel Difesa in Italy and Mecar in Belgium, from UK-based Chemring Group last year.
Mecar – a company that specialises in niche ammunition – had an ‘exceptional’ year in 2014, according to managing director Simon Haye, achieving €192.3m in sales.
A quarter of Mecar’s
Already have an account? Log in
Want to keep reading this article?
More from Land Warfare
-
![Drone wars: countries are looking for answers but do companies have the solutions?]()
Drone wars: countries are looking for answers but do companies have the solutions?
Manufacturers are speeding up their counter-drone development efforts as countries increasingly focus on procurements to provide battlefield and national protection.
-
![Thales Storm 2 counter-drone system being evaluated by potential customers]()
Thales Storm 2 counter-drone system being evaluated by potential customers
The attack drone threat from first-person view uncrewed aerial systems has been highlighted by recent conflicts and Thales has adapted its Storm 2 counter-improvised explosive device jammer to provide protection.
-
![UAE’s first combat use of M-SAM II could raise export prospects for South Korean air defence]()
UAE’s first combat use of M-SAM II could raise export prospects for South Korean air defence
Reported to provide a high percentage of precision in its engagements, the South Korean air defence system has been receiving growing international interest since it was deployed by the UAE to defeat Iranian missiles.
