FMG
FMG is a historic Spanish ammunition manufacturer (operating since 1324) producing tank, artillery, mortar, recoilless-rifle ammunition, propellants, missile warheads, and EOD equipment at its 928,000 m² El Fargue facility in Granada for government defence customers, primarily the Spanish Army and Defence Ministry.
- Company typePrivate
- Founded-
- HeadquartersEl Granada, United States
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What FMG does
FMG (Fábrica de Municiones de Granada, S.L.U.) is a historic Spanish ammunition and energetic-materials manufacturer operating from a 928,000 m² site in El Fargue, Granada, with documented continuous production since 1324 and 260+ employees. The company produces a comprehensive portfolio of large-calibre military munitions, including 105mm and 120mm tank ammunition (STANAG 4458-compatible), 155mm artillery rounds effective up to 43 km, 60/81/120mm mortar grenades, 106mm recoilless-rifle ammunition, single- and two-base propellants, M4A2 propellant charges for 155mm artillery, EOD and demolition equipment, and missile warheads including Meteor air-to-air and Spike LR/ER anti-tank variants.
Underlying capabilities include in-house propellant chemistry, combustible cartridge-case manufacturing, piezoelectric (PIBD) fuzing for recoilless rounds, and shaped perforating charges for EOD applications. All production is concentrated at the El Fargue facility, with quality systems certified to ISO 9001, ISO 14001, ISO 45001, and NATO PECAL 2110 (AQAP), and the company was the first to produce REACH-compliant propellants (2015).
FMG generates revenue through direct enterprise sales of hardware (ammunition, propellant charges, missile warheads, and EOD equipment) to government defence ministries and armed forces, primarily the Spanish Army and Spanish Defence Ministry, with additional collaboration with the Slovak Ministry of Defence on 81mm HE mortar grenades. Pricing is conducted via negotiated defence procurement contracts and is not publicly disclosed. Since 2020, FMG has operated as a wholly-owned subsidiary of MSM Group within Czechoslovak Group (CSG).
FMG firmographics
Firmographics- Name
- FMG
- Legal name
- Fábrica de Municiones de Granada, S.L.U.
- Website
- https://fmgranada.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- FMG is a historic Spanish ammunition manufacturer (operating since 1324) producing tank, artillery, mortar, recoilless-rifle ammunition, propellants, missile warheads, and EOD equipment at its 928,000 m² El Fargue facility in Granada for government defence customers, primarily the Spanish Army and Defence Ministry.
- Ownership category
- akta.pro rank
FMG industry classification
Industry- Product category
- Defense Ammunition Manufacturing
- NAICS
- Ammunition (except Small Arms) Manufacturing (332993), Guided Missile and Space Vehicle Manufacturing (336414)
- SIC
- Ordnance & Accessories, (No Vehicles/Guided Missiles) (3480), Guided Missiles & Space Vehicles & Parts (3760)
- akta.pro primary industry
- Artillery, Mortar & Tank Munitions (IMABAHAH)
- akta.pro secondary industries
- Explosives, Energetics & Pyrotechnics (Military-Grade) (IMABAHAK), Ordnance Components & Subassemblies (Casings, Liners, Guidance Sections) (IMABAHAL), Ammunition Manufacturing (Small-, Medium- & Large-Caliber) (IMABAHAG)
Keywords
Where FMG is headquartered
LocationHeadquarters
- HQ city
- El Granada
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
FMG business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Ammunition Sales: Sale of defense ammunition including tank ammunition, artillery ammunition, mortar shells, and recoilless rifle ammunition to government and military customers. Products include 105mm and 120mm tank rounds compatible with STANAG 4458 weapons, 155mm artillery ammunition reaching targets up to 43km, and 60mm, 81mm, 120mm mortar grenades.
- Propellant and Charges: Production and sale of single and two-base propellants, propellant charges for artillery, and rocket motor charges. Special M4A2 propellant charges for 155mm artillery consist of approximately 6kg of M1 single-base powder.
- EOD Equipment Sales: Sale of explosive ordnance disposal (EOD) and demolition equipment including perforating charges for neutralizing unexploded ordnance and improvised explosive devices.
- Missile Warhead R&D and Production: Research, development and production of missile warheads including Meteor air-to-air missile warheads and Spike LR/ER anti-tank missile warheads for Spanish defense programs.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
FMG product offering
Product offeringCore offering
FMG (Fábrica de Municiones de Granada) is a historic Spanish defense manufacturer that produces large-caliber military ammunition, single and two-base propellants and propellant charges, missile warheads, and EOD/demolition equipment at its El Fargue (Granada) facility. Its portfolio covers 105mm and 120mm tank ammunition, 155mm artillery ammunition, 60mm/81mm/120mm mortar grenades, 106mm recoilless rifle ammunition, M4A2 propellant charges, Meteor and Spike missile warheads, and shaped perforating charges for unexploded ordnance disposal. The company sells primarily to government defense ministries and armed forces in Europe, most notably the Spanish Army, Spanish Defense Ministry, and the Slovak Ministry of Defense.
Product overview
FMG (Fábrica de Municiones de Granada) is a historic ammunition manufacturer offering a comprehensive defense portfolio of physical products. The company operates as a traditional defense contractor producing tank ammunition (105mm and 120mm), artillery ammunition (155mm), mortar grenades (60mm, 81mm, 120mm), recoilless rifle ammunition (106mm), propellant charges (M4A2 for 155mm), EOD/demolition equipment, single and two-base propellants, and missile warheads (Meteor, Spike LR/ER). FMG is part of MSM Group within Czechoslovak Group (CSG) since 2020. The product portfolio focuses on large-caliber military munitions rather than software platforms or digital services.
Differentiator
Problem solved
Functional benefit
Products and services
- Tank Ammunition (Munición de carro de combate) 105mm and 120mm tank ammunition for operational and training use, compatible with all weapons included in STANAG 4458. 120mm cartridges use combustible cartridge cases for internal ballistic performance. Supplied primarily to government armed forces, including the Spanish Army's Leopard tank program.
- Recoilless Rifle Ammunition (Munición de cañón sin retroceso) 106mm ammunition for M40A2 and M40A1C recoilless rifles, including practice and targeting rounds. Uses a piezoelectric element that generates electrical charge on impact to activate a PIBD fuze, producing a high-velocity particle jet that penetrates target armor. Sold to government military customers.
- Artillery Ammunition (Munición de Artillería) Complete catalog of 155mm artillery ammunition, both combat and training variants, compatible with all 155mm howitzer systems worldwide. Effective range up to 43 km; manufactured under high-quality processes to guarantee effectiveness and precision. Sold to government armed forces.
- Mortar Grenades (Granadas de mortero) Mortar grenades in 60mm, 81mm, and 120mm calibers. Designed to destroy light armor targets, machine gun nests, field fortifications, infantry in trenches, and units behind natural obstacles, especially in mountainous and wooded terrain. 81mm HE variant co-developed with the Slovak Ministry of Defense; 120mm variant historically developed in former Czechoslovakia.
- Propellant Charges (Cargas Propulsoras) Special M4A2 propellant charges for 155mm artillery ammunition. Each charge consists of approximately 6 kg of M1 single-base powder, divided into five charges tied with textile straps and finished with a primer charge at the bottom. Sold to military customers for artillery loading.
- EOD and Demolition Equipment (Equipos de Demolición EOD) Products for safe elimination of explosive devices, designed for removal and neutralization of unexploded munitions, improvised explosive devices (IEDs), and other hazardous materials. Includes shaped perforating / liquid projection perforation charges engineered to reduce blast wave and destroy munitions or explosives. Used by both military forces and specialized police EOD units.
- Single and Two-Base Propellants Single-base and two-base propellant powders for military ammunition applications. Nitrocellulose-based propellants manufactured since 1897, REACH-compliant since 2015. Sold to government military customers and integrated internally into FMG's ammunition lines.
- Rocket Missiles / Missile Warheads Research, development, and production of missile warheads including Meteor air-to-air missile warheads (since 2006) and Spike anti-tank missile warheads in LR (4,000 m+ range, since 2007) and ER (8,000 m+ range, since 2009) variants. Produced for Spanish defense programs.
Quantifiable outcome
- Artillery ammunition reaching targets up to 43km distance
- +1 more outcomes
Companies that use FMG
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
FMG technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
FMG partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- MSM GROUPcoreFMG has been part of MSM GROUP since 2020. MSM GROUP is a European leader in defense and civil equipment development and production, specializing in artillery and tank ammunition. FMG operates as a subsidiary within the MSM GROUP portfolio, strengthening R&D and production capabilities within the group.
Scale indicators5 records
Recent moves6 records
Expansion highlights4 records
FMG competitors and assessment
Company assessmentBroad incumbents
- KNDS (Nexter / KMW): Franco-German defense prime combining Nexter (artillery, tank ammunition) and KMW (Leopard tanks). Direct peer in tank/artillery ammunition plus broader armored vehicle systems — overlapping European defense ministry customer base.
- Rheinmetall: Large German defense and automotive group and one of Europe's leading tank and artillery ammunition manufacturers, plus broader defense systems. Broader incumbent that overlaps with FMG's tank/artillery ammunition niche while also supplying vehicles, air defense, and electronics.
- General Dynamics Ordnance and Tactical Systems: US-based ammunition and ordnance manufacturer and former owner of the FMG facility (2001). Directly comparable in tank/artillery/mortar ammunition; broader incumbent with broader US DoD and international footprint.
Direct peers
- Mesko: Polish manufacturer of tank, artillery, and mortar ammunition as well as propellants and rocket systems, part of the PGZ defense group. Direct peer in large-caliber ammunition and propellants serving Central European government customers.
- BAE Systems Bofors: Swedish manufacturer of artillery ammunition, naval weapons, and missile systems with a heritage comparable to FMG. Direct peer in 155mm artillery, naval ordnance, and propellant supply to European defense customers.
- RUAG Ammotec: Swiss/German manufacturer of small-, medium-, and large-caliber ammunition, including tank, artillery, and mortar rounds, plus EOD equipment. Directly comparable product portfolio serving European government and law enforcement customers.
- Fiocchi Munizioni: Italian manufacturer of ammunition including military small-, medium-, and large-caliber rounds for NATO and allied forces. Directly comparable European ammunition manufacturer with overlapping government defense customer base.
- NAMMO: Norwegian-Finnish defense group producing tank, artillery, shoulder-fired, and shoulder-launched ammunition for NATO forces. Directly comparable large-caliber and shoulder-fired ammunition portfolio serving similar European government customers.
Others
- MSM Group: Parent company of FMG and Slovak defense manufacturer specializing in artillery and tank ammunition. Comparable peer in product category (tank/artillery ammunition) though its role here is parent/sibling rather than direct competitor.
Regional players
- ST Kinetics (ST Engineering): Singapore-based ammunition and defense manufacturer producing artillery, tank, and mortar rounds plus guided munitions. Comparable product portfolio but primarily serves Asia-Pacific defense customers rather than European.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
FMG social profiles
Digital presenceFMG compliance and trust
Trust signalCompliance4 records
FMG financial estimates
Financial estimateRevenue estimate
Valuation estimate
FMG leadership team
Management profileNumber of profiles
Profiles1 record
FMG funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FMG M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FMG
What does FMG do?
FMG (Fábrica de Municiones de Granada) is a historic Spanish defense manufacturer that produces large-caliber military ammunition, single and two-base propellants and propellant charges, missile warheads, and EOD/demolition equipment at its El Fargue (Granada) facility. Its portfolio covers 105mm and 120mm tank ammunition, 155mm artillery ammunition, 60mm/81mm/120mm mortar grenades, 106mm recoilless rifle ammunition, M4A2 propellant charges, Meteor and Spike missile warheads, and shaped perforating charges for unexploded ordnance disposal. The company sells primarily to government defense ministries and armed forces in Europe, most notably the Spanish Army, Spanish Defense Ministry, and the Slovak Ministry of Defense.
Is FMG a public or private company?
FMG is a private company. It is classified as corporate owned and is currently operating.
When was FMG founded?
FMG was founded in -1. It employs 51 to 100 people.
Where is FMG based?
FMG is headquartered in El Granada, United States, in the North America region.
How does FMG make money?
Four revenue lines are on record. Ammunition Sales are the primary driver. The others are propellant and Charges, EOD Equipment Sales and missile Warhead R&D and Production.
Who are FMG's main competitors?
Broad incumbents on record are KNDS (Nexter / KMW), Rheinmetall and General Dynamics Ordnance and Tactical Systems. Direct peers are Mesko, BAE Systems Bofors, RUAG Ammotec, Fiocchi Munizioni and NAMMO. MSM Group is listed as an others. ST Kinetics (ST Engineering) is listed as a regional player.
Does FMG have an API?
No public API is recorded for FMG.
What industry is FMG in?
FMG's product category is Defense Ammunition Manufacturing. Its primary akta.pro industry code is IMABAHAH, Artillery, Mortar & Tank Munitions, with a secondary code of IMABAHAK, Explosives, Energetics & Pyrotechnics (Military-Grade). Its NAICS code is 332993 and its SIC code is 3480.