Norway-based ammunition specialist Nammo announced it has been awarded a SEK 670 million (approx. $67 million) contract by the Swedish Defence Materiel Administration for delivery of small caliber ammunition.
Covering deliveries from 2020-22, the contract builds on a framework agreement signed in 2017, and will enable to Swedish Armed Forces to strengthen its levels of training and readiness, Nammo said.
This contract is the second issued under the 2017 framework agreement, and covers six different ammunition types, both for training and combat.
The company added it was looking to expand its cooperation with the Swedish government in line with the strategic partnerships it has developed with both of Sweden’s Nordic neighbors.
”We are honored that the Swedish Armed Forces have placed their trust in us as their primary supplier of small caliber ammunition. Customers like Sweden accept only the best, and also have some very specific requirements that we have to fulfil, so in our view this is a major achievement by Nammo’s product and manufacturing teams,” said Reijo Bragberg, Nammo’s executive vice president for small and medium caliber ammunition.
”Recent events have again underscored the need to ensure security of supply in all situations, ranging from peace to crisis, conflict and even war. In our view this relies on both industry and governments cooperating more closely, and we stand ready to support from our side,” Nammo CEO Morten Brandtzæg said.