Nordic Ammunition Company

Stock Symbols
State-Owned
company headquarters
Norway

A public-private Norwegian-Finnish weapons company that manufactures munitions used by the Israeli military.

Nordic Ammunition Company (Nammo) is a Norway-based weapons manufacturer. It is co-owned (50/50) by the Norwegian Ministry of Trade, Industry, and Fisheries and Finnish company Patria Oyj. The latter is co-owned by the government of Finland (50.1%) and Norwegian company Kongsberg Defence & Aerospace (49.9%), which is part of Kongsberg Gruppen.

Nammo's U.S. subsidiary Talley makes the M141 Bunker Defeat Munition, a hand-held "bunker-buster" rocket launcher used by the Israeli military. At the beginning of the Gaza genocide in October 2023, Israel reportedly requested 3,000 units from the U.S. government, and 1,800 were supplied by U.S. Central Command by the end of that month.

In addition, Nammo's Spanish subsidiary Palencia has been a supplier of Elbit Systems, Israel's largest weapons manufacturer. A Nammo spokesperson confirmed that the company shipped ammunition worth almost one million Euros from Spain to Israel in November 2023, and that 98.5 percent of the order consisted of training and blank ammunition.

Unless specified otherwise, the information in this page is valid as of
1 May 2024