Nammo Sweden has secured $13.22 million in funding from the European Commission to increase the production of artillery shells by threefold in the coming year. Earlier, the Swedish government had expressed intent to co-finance Nammo Sweden’s artillery production project if the commission supports the program. With the EC confirming the grant under the Act in...
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Tag: ammunition production
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US Army Partnership to Boost Canada’s Ammunition Production Capacity
The U.S. Army has inked an agreement with the Canadian Commercial Corporation to expand Canada’s domestic ammunition production capacity. Under the undefinitized contract action, the military branch will work with General Dynamics Ordnance and Tactical Systems Canada to ramp up the manufacture of 155 mm artillery rounds. CCC, Canada’s government-to-government contracting agency, said the joint...
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Elbit Lands $135M Deal to Build Ammo Factory for International Client
Israel’s Elbit Systems has secured a $135 million contract to build an artillery ammunition factory for an unnamed customer. According to the company, the agreement requires its technical knowledge and ammunition production experience to establish the factory, which the Haifa-based organization will construct and operate. The deal, to be performed over a two-year period, includes...
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EU Leader Proposes Multibillion-Dollar Defense Industry Cooperation Fund
The European Union needs to set up a $109.8 billion fund for defense industry cooperation in the region, according to Thierry Breton, the bloc’s internal market commissioner. At an event hosted by Renew Europe on Tuesday, Breton said the defense fund will accelerate the EU’s weapons procurement effort. He added that the massive defense spending...