91. The Finnish Defence Forces and Nammo Lapua Oy signed again a substantial agreement
The Finnish Defence Forces and Nammo Lapua Oy have made an agreement regarding deliveries of artillery charges in years 2007-2008. The value of the agreement is in excess of 15 MEUR. Nammo Lapua Oy has had long-term cooperation with the Finnish Defence Forces e.g. in “the heavy ammunition” development and manufacturing. The now signed agreement is a natural continuance of this cooperation, - an...
92. Nammo supplies new Small Caliber Ammunition for Swedish Defence Forces
Nammo’s new short-range small caliber ammunition launched
93. Nammo's non-toxic Technology for Denmark's Defence Forces
Nammo forms alliance with Danish Defence Forces for small calibre ammunition
94. Improved Performance Continuous in Nammo AS
2003 added to the previous years with positive development for the company. In an overall declining market, especially in the Nordic region, we increased our turnover from last year’s 1379 million NOK to 1529 million NOK, and at the same time the operating profit increased from 92 million NOK to 125 million NOK. The Board propose a dividend of 20 million NOK. The number of man-years was reduced...
95. Nammo Raufoss Contract for IRIS-T
NAMMO Raufoss has just received a contract with Bodenseewerk Gerätetechnik (BGT) for IRIS-T Series Preparations and a Pilot Lot, as well as an option for Series Production. This contract is a result of the recent signing of a Cooperation Agreement (MoU) between the Governments in Germany, Greece, Italy, Spain, Sweden and Norway for continuation of IRIS-T. The MoU is covering Series Preparation,...
96. Missile Products Division wins tough competition
In a tough competition with European rocket motor industry, Nammo was recently awarded the contract to develop and produce the Exocet Block 3 Auxiliary Boost Rocket Motor for MBDA France. This is a very significant accomplishment for Nammo, because the customer, MBDA France is a major part of MBDA, which is Europe’s largest, and the world’s second largest manufacturer of missiles, and therefore...
97. The Finnish Defence Forces awarded a major contract to Nammo Lapua Oy
Nammo Lapua Oy and the Finnish Defence Forces have signed a significant procurement contract regarding both small arms ammunition and large caliber ammunition product development and deliveries for the years 2003-2008. The value of the contract is appr. 44 MEUR, in addition to which the contract also includes substantial options for additional deliveries.The contract now signed is a new working...
98. Another Year of Progress!
Nammo’s Board of Directors has approved the annual report 2002. The key figures for 2002 show an operating income of NOK 1,379 million and an operating profit of NOK 92 million compared to 77 in 2001. Net income was NOK 43 million compared to NOK 39 million to previous year. Annual man-year was reduced from 1409 in 2001 to 1297 in 2002. In spite of a very challenging defence market the company ...
99. Lapua's Response to the demands of Nature, Hunters and a progressive Society
NEW HUNTING BULLET LAPUA NATURALIS BEATS THE COMPETITION
100. Ukraine - Sweden in Environmental Cc-operation
Nammo signs co-operation agreement for demilitarization of conventional munitions During the visit of the State Secretary of Ministry of Foreign Affairs of Ukraine, Mr. Olexander Chaliy, the Swedish corporation Nammo Vingåkersverken has signed an agreement with the Ukrainian Ministry of Defense on the co-operation of demilitarization of the stockpiles of conventional munitions in Ukraine. The p...