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
Our news & analysis is now part of Defence Insight®
A Basic-level or higher Defence Insight subscription is now required to view this content.
More from Land Warfare
-
![NATO looks for answers to overcome standards hurdles and improve procurement]()
NATO looks for answers to overcome standards hurdles and improve procurement
NATO is looking to artificial intelligence to provide integration between different C2 systems to create a common operational picture, potentially offering a faster route to interoperability than the slow-moving processes of NATO standards committees.
-
![NATO FUSE exercise plays out real-world scenario in the face of eastern border risks]()
NATO FUSE exercise plays out real-world scenario in the face of eastern border risks
The large-scale exercise in Latvia was the culmination of three experimentation initiatives to see how platforms, weapons and systems could fit into the alliance’s Eastern Flank Deterrence Initiative. As well as forces, it brought together companies and equipment.
-
![Euronaval 2026: faster frigates, evolving contracts and drone motherships lead opening conference]()
Euronaval 2026: faster frigates, evolving contracts and drone motherships lead opening conference
Fast frigate deliveries to the Hellenic Navy, French pressure on suppliers over open architectures and calls for new classes of warship marked the start of the Paris show.
-
![Canada accelerates uncrewed aerial system procurement for NATO and Arctic forces]()
Canada accelerates uncrewed aerial system procurement for NATO and Arctic forces
Canada plans to acquire at least 120 uncrewed aerial systems through two competitions with combined funding ceilings of C$32 million.
