Nammo Company Profile, Products, Employees and Revenue

Nammo is a Norwegian aerospace and defence company based in Raufoss that makes artillery, tank and medium-calibre ammunition, shoulder-fired weapons such as the M72 LAW, and solid rocket motors for missiles including AMRAAM and IRIS-T. It is owned 50/50 by the Norwegian state and the Finnish defence group Patria.

Nammo ended 2025 with 4,200 employees at 27 production sites in 12 countries, revenue of NOK 14.41 billion and an order reserve of NOK 54.98 billion, according to its 2025 annual report. The company says 98 percent of its sales went to NATO, European and allied customers, and its order reserve has grown from NOK 10.3 billion in 2021.

What Does Nammo Do?

Nammo, short for Nordic Ammunition Company, develops and produces specialty ammunition and rocket motors for military and civilian customers. Defence made up 83 percent of 2025 business and commercial and space products the other 17 percent, the annual report says. Commercial ammunition and gunpowder are sold under brands including Lapua, SK, Vihtavuori and Berger.

How Many Employees Does Nammo Have?

Nammo reported 4,200 employees at the end of 2025, up from 3,700 a year earlier, and an average of 3,862 man-years for the year. About one third of its staff work in the United States, according to company releases. Chief executive Morten Brandtzæg wrote in the annual report that the workforce has doubled over four years and is expected to double again, with half of the 2030 workforce yet to join.

The company’s capacity plan targets about 8,000 employees and annual revenue of roughly NOK 30 billion by 2030. That is a company ambition, not a forecast.

Who Owns Nammo?

The Norwegian government, through its trade and industry ministry, and Patria each hold 50 percent, and the chair of the board alternates between the two owners every year. The ownership structure dates from 2005, according to Wikipedia. Patria is itself owned by the Finnish state (50.1 percent) and Kongsberg Gruppen (49.9 percent), per the same source; see our Kongsberg company profile for the Norwegian shareholder. Nammo is not listed on any stock exchange.

What Are Nammo’s Main Products?

Nammo says its rocket motors power both AMRAAM and IRIS-T and that it has delivered more than 35,000 motors for the Sidewinder programme alone. Raytheon builds AMRAAM; see our report on Raytheon’s $20.7 billion AMRAAM contract. Nammo’s missile work sits alongside larger US primes such as those in our RTX company profile.

Nammo Revenue and Financial Results

Revenue rose 32.5 percent in 2025 and EBIT 39.5 percent. Profit before tax was NOK 1,740 million and return on capital employed 41.9 percent. Customer prepayments reached NOK 11.4 billion at year end, which helped lift net cash to NOK 5.1 billion. On-time delivery to military customers was 86.6 percent, unchanged from 2024. The report cites Ukraine and NATO stockpile replenishment as the drivers of demand.

How Is Nammo Expanding Production in Norway, Finland and the US?

The 2025 annual report says Nammo’s own investments exceed everything it spent in the previous three decades. In its capacity story, the company says it expects output of key ammunition such as 155 mm shells to rise by up to ten times.

The Norwegian state agreed in July 2024 to fund more than NOK 1 billion of expansion at Raufoss, with Nammo committing to keep the capacity for at least 15 years, according to Nammo. In the United States, Nammo says Mesa, Arizona hosts the M72 and M141 production lines and Perry, Florida is the site of the new rocket motor factory.

Recent Contracts and Developments

In 2025 Nammo signed a strategic partnership with Sweden, Denmark, Finland and Norway covering ammunition supply in peace, crisis and war, starting with 155 mm and small arms calibres. Sweden followed with a framework agreement and an initial order worth more than SEK 1 billion for 155 mm HE-ER shells. F-35 gun ammunition orders from Switzerland and NSPA members Germany, Poland, Belgium and Denmark totalled about EUR 60 million, per Nammo. On 6 August 2026 Nammo announced a seven-year Swedish framework for 30 mm and 40 mm programmable airburst ammunition for counter-drone use.

Nammo also expanded cooperation with a Ukrainian partner in November 2025, including a planned joint venture, and its CEO called a ramjet development award the largest in the company’s history. Related reading: Rheinmetall, the German ammunition and vehicle group; Avio’s US solid rocket motor plant; F-35 specifications; and Patria’s TRACKX order.

Nammo History Timeline

Nammo FAQ

What does Nammo do?

It makes ammunition from small arms to 155 mm artillery and 120 mm tank rounds, M72 shoulder-fired weapons and solid rocket motors for missiles.

Who owns Nammo?

The Norwegian state and Patria of Finland each own 50 percent.

Where is Nammo headquartered?

Raufoss, Norway, with production at 27 sites in 12 countries.

How many employees does Nammo have?

4,200 at the end of 2025, according to its annual report.

What is Nammo’s revenue?

NOK 14.41 billion in 2025, up 32.5 percent from NOK 10.87 billion in 2024.

Does Nammo make 155 mm artillery shells?

Yes. Nammo makes shell bodies, propelling charges and extended-range 155 mm rounds and is expanding capacity in Norway, Sweden and Denmark.

Which missiles use Nammo rocket motors?

Nammo says its motors power AMRAAM, IRIS-T, ESSM and Sidewinder, and it supplies boosters for other missiles.

Is Nammo a Norwegian or Finnish company?

It is a Norwegian company headquartered in Raufoss and jointly owned by Norway and Finland’s Patria.