What Nammo does

Nammo AS is a Norwegian-headquartered aerospace and defense company that develops and manufactures specialty ammunition, rocket motors, shoulder-fired weapons, and space propulsion systems. Founded in 1998 through the merger of ammunition businesses in Norway, Sweden, and Finland, Nammo today operates 27 production sites across 12 countries with more than 4,100 employees, serving NATO member nations and allied governments through direct defense procurement.

The company's product portfolio spans four business areas: commercial and military ammunition (small, medium, and large caliber, including APEX rounds qualified for the F-35A), shoulder-launched munitions systems (the M72 rocket launcher paired with the new OSKAR TWS thermal smart sight co-developed with Senop), aerospace propulsion (the flight-proven LEROS 4-ET engine that powered Firefly Aerospace's Blue Ghost lunar lander in March 2025, and the next-generation 6 kN RELIANCE engine selected for ESA's Argonaut Lunar Lander), and composite solutions plus demilitarization services operated through subsidiaries including Nammo Composite Solutions LLC (Salt Lake City) and Nammo UK. Manufacturing depth is supported by 30+ years of out-of-autoclave composites expertise (0.2% scrap rate), a new UK National Space Propulsion Test Facility, and a rocket motor factory under construction in Perry, Florida.

Nammo is jointly owned 50/50 by the Norwegian Ministry of Trade, Industry and Fisheries and Finnish defense company Patria Oyj, with board representation split equally between the two owners. Revenue is generated almost entirely through hardware sales to government defense customers under multi-year procurement contracts and allied production partnerships (Finland's €660 million Ukraine program, NOK 1 billion Norwegian artillery contract, Australian F-35A APEX deal, ESA Argonaut engine), supplemented by a smaller commercial sports-shooting and hunting ammunition business and professional demilitarization services. Pricing is not publicly disclosed, consistent with a defense prime contracting model.

Name

Nammo

Legal name

Nammo AS

Website

https://nammo.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Nammo AS is a Norwegian aerospace and defense company that develops specialty ammunition, rocket motors, shoulder-fired weapons, and space propulsion systems for NATO governments and allied nations, operating 27 production sites across 12 countries with 4,100+ employees.

Ownership category

akta.pro rank

Product category

Defense Ammunition and Aerospace Propulsion

NAICS

Small Arms Ammunition Manufacturing (332992), Ammunition (except Small Arms) Manufacturing (332993), Guided Missile and Space Vehicle Manufacturing (336414), Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing (336415), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511)

SIC

Ordnance & Accessories, (No Vehicles/Guided Missiles) (3480), Guided Missiles & Space Vehicles & Parts (3760), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812)

akta.pro primary industry

Ammunition Manufacturing (Small-, Medium- & Large-Caliber) (IMABAHAG)

akta.pro secondary industries

Guided Missile & Rocket Manufacturing (IMABAHAA), Military Weapons Integration & Stores Management (IMABAMAG), Artillery, Mortar & Tank Munitions (IMABAHAH)

Keywords

• Defense ammunition
• Rocket propulsion
• Shoulder-fired weapons
• Space propulsion
• Demilitarization services

Headquarters

HQ city

Raufoss

HQ country

Norway

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure

Revenue model

1. Defense Ammunition Sales: Specialty ammunition for military applications including small, medium, and large caliber systems
2. Rocket Motor Production: Rocket motors for military and space applications including solid rocket motors for defense programs
3. Shoulder-Fired Weapons Systems: M72 shoulder-launched munitions systems for military customers
4. Space Propulsion: Rocket engines and propulsion systems for space missions including lunar landers
5. Commercial Ammunition: Ammunition for sports shooting and hunting markets
6. Demilitarization Services: Environmentally friendly demilitarization services

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Nammo manufactures defense ammunition, military rocket motors and propulsion systems, shoulder-fired weapons systems, and space propulsion components, and provides demilitarization services. The company supplies armed forces, defense procurement agencies, and commercial aerospace and space customers from 27 production sites located across 12 countries.

Product overview

Nammo is an international aerospace and defense company offering a diversified portfolio of specialty products organized into four business units: Commercial Ammunition, Small and Medium Caliber Ammunition, Large Caliber Systems, and Aerospace Propulsion. The product portfolio includes shoulder-launched munitions systems (M72), ammunition for military and commercial use (sports shooting, hunting), rocket motors for military and space applications (LEROS 4-ET, RELIANCE engines), composite solutions for aerospace, grenades and warheads, CAD/PAD pyrotechnic devices, and demilitarization services. The company operates manufacturing facilities across 12 countries with 27 production sites, serving defense customers globally including F-35 ammunition contracts and lunar space missions.

Differentiator

Problem solved

Functional benefit

Brands

• Capstone Precision Group: A precision manufacturing brand under Nammo serving defense and aerospace customers.
• Nammo Composite Solutions

Products and services

• Ammunition
• Rocket motors and propulsion systems
• Shoulder-fired weapons systems
• Space propulsion
• Composite materials
• Demilitarization services

Quantifiable outcome

• 0.2% scrap rate achieved in composite manufacturing in 2025
• +1 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eleven partnerships are on record, tiered core and flagship.

• SenopcoreStrategic or Co-development Partner · 18 June 2026Finnish firm Senop and Nammo jointly developed the OSKAR TWS multi-weapon thermal smart sight for the M72 shoulder-fired rocket launcher. The system integrates an attachable laser rangefinder with wired or wireless connectivity for improved first-hit probability.
• RaytheoncoreStrategic or Co-development Partner · 4 February 2026Raytheon partnered with Nammo along with Anduril, Northrop Grumman, and Avio USA to increase solid rocket motor supply - a key bottleneck in cruise and air defense missile production.
• Parsons CorporationcoreImplementation/ SI/ Consulting Partner · 19 December 2025Parsons awarded $100+ million task order by Nammo to design and manage construction of rocket motor manufacturing facility in Perry, Florida. Two-year construction timeline to expand U.S. munitions production capacity.
• ESA (European Space Agency)flagshipStrategic or Co-development Partner · 25 November 2025Nammo UK selected to supply main propulsion engine for ESA's Argonaut Lunar Lander, key European contribution to NASA's Artemis program. Contract signed November 20, 2025 at ESA's European Astronaut Centre in Cologne.
• Ondas HoldingscoreStrategic or Co-development Partner · 21 October 2025Ondas expanded partnership with Rift Dynamics to include Nammo for fully integrated Wåsp munition drone targeting U.S. defense market. American Robotics serves as prime contractor and exclusive distributor.
• Rift DynamicscoreStrategic or Co-development Partner · 13 October 2025Partnership for drone technology collaboration producing Wåsp munition drone, building on existing Rift-Nammo success with Norwegian Army and NATO engagements.
• Northrop GrummancoreStrategic or Co-development Partner · 24 June 2025Northrop Grumman signed MOU with Lithuania for medium caliber ammunition co-production involving Nammo Defense Systems. Project aims to enhance Lithuania's defense capabilities and support NATO allies including Ukraine.
• Patria OyjflagshipOthersNammo AS is co-owned 50/50 by the Norwegian Ministry of Trade, Industry and Fisheries and Finnish company Patria Oyj. Board representation is split with three members nominated by each owner.
• Norwegian Ministry of Trade, Industry and FisheriesflagshipOthersCo-owner of Nammo AS with 50% ownership stake along with Patria Oyj.
• Firefly AerospaceflagshipStrategic or Co-development PartnerNammo's LEROS 4-ET rocket engine powered Firefly Aerospace's Blue Ghost lunar lander, which successfully touched down on the moon on March 2, 2025.
• American RoboticscoreChannel Partner/ Reseller/ DistributorAmerican Robotics serves as prime contractor and exclusive distributor for Wåsp munition drone system in the U.S. market, integrating Nammo's warhead technology.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Saab: Nordic defense and aerospace company headquartered in Sweden, producing missiles (RBS 70, Carl-Gustaf), ammunition, and sensors. Closely comparable peer given shared Nordic heritage, similar customer base across Scandinavian/NATO governments, and overlapping product portfolio in shoulder-fired systems and rockets.
• KNDS (Nexter/KMW): European land defense group formed by French Nexter and German KMW, producing artillery systems, large caliber ammunition, and armored vehicles. Directly comparable to Nammo's large caliber systems and artillery ammunition expansion program (NOK 1B Norwegian deal).
• Chemring Group: UK-based specialty defense manufacturer producing ammunition, pyrotechnics, countermeasures, and energetic materials. Closely comparable to Nammo's grenades, warheads, CAD/PAD pyrotechnic devices, and demilitarization business; Nammo acquired Chemring Ordnance in 2019, reinforcing direct comparability.
• Rheinmetall: German defense prime and one of Europe's largest ammunition manufacturers, supplying small/medium/large caliber ammunition, artillery, and weapons systems to NATO. Directly comparable to Nammo's core ammunition and shoulder-fired weapons business, with similar European defense-customer base.

Broad incumbents

• L3Harris Technologies: U.S. defense prime that acquired Aerojet Rocketdyne in 2023, giving it the largest U.S. rocket propulsion franchise. Comparable to Nammo's aerospace propulsion business and a logical competitor on solid rocket motor capacity expansion alongside Raytheon and Northrop Grumman.
• Northrop Grumman: U.S. defense prime with major missile and propulsion systems franchises (Orion solid rocket motors for SLS, missile defense interceptors). Existing co-development partner with Nammo on the Lithuania medium caliber co-production and solid rocket motor consortium.
• BAE Systems: Global defense prime with significant ammunition, weapons, and combat vehicles businesses (BAE Systems Land & Armaments). Comparable to Nammo in the ammunition and shoulder-fired weapons segments but operates a much broader platform portfolio across air, sea, and land.
• RTX (Raytheon): U.S. defense prime producing missiles, air defense systems, and ammunition; key Nammo partner in the solid rocket motor supply consortium alongside Anduril, Northrop Grumman, and Avio USA. Overlaps with Nammo on missile propulsion and shoulder-fired munition integration.
• General Dynamics: U.S. defense prime whose combat systems division produces ammunition, missiles, and rocket motors comparable to Nammo's offerings. Broader portfolio spans Gulfstream, IT services, and combat vehicles; overlaps with Nammo on ammunition supply to NATO and U.S. forces.

Emerging players

• Hanwha Aerospace: Korean defense company expanding its global ammunition and rocket motor business (K9 ammunition, artillery, missile propulsion). Comparable to Nammo in ammunition and large caliber systems, with growing European ambitions that could create future competitive overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nammo