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    Home > Finance > Norway's Nammo wins tender to produce ammunition in Denmark
    Finance

    Norway's Nammo wins tender to produce ammunition in Denmark

    Published by Global Banking and Finance Review

    Posted on February 28, 2025

    1 min read

    Last updated: January 25, 2026

    Norway's Nammo wins tender to produce ammunition in Denmark - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    Norwegian firm Nammo wins a tender to produce ammunition in Denmark, as the country boosts its defence capabilities with a $7 billion budget increase.

    Norway's Nammo wins tender to produce ammunition in Denmark

    COPENHAGEN (Reuters) - Norwegian defence firm Nammo has won a tender to produce grenades and ammunition at a plant in north-west Denmark, Danish Defence Minister Troels Lund Poulsen said on Friday, as the Nordic country seeks to ramp up its defence capabilities.

    Denmark in October 2023 said it had agreed to buy the mothballed arms factory in Elling in northern Jutland, with the aim to restart ammunition production after a 55-year gap to ensure domestic supplies.

    Last week, the Danish government announced it would increase its defence budget by a combined $7 billion this year and next to address acute military shortcomings.

    Nammo is a top European producer of ammunition that is 50% owned by the Norwegian government and 50% owned by Finnish defence company Patria.

    Nordic NATO members Denmark and Norway on Tuesday said they planned to increase their cooperation on defence, and said they would present concrete proposals in May.

    (Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)

    Key Takeaways

    • •Nammo wins tender to produce ammunition in Denmark.
    • •Denmark aims to restart ammunition production after 55 years.
    • •Danish government increases defence budget by $7 billion.
    • •Nammo is jointly owned by Norway and Finland's Patria.
    • •Denmark and Norway plan to enhance defence cooperation.

    Frequently Asked Questions about Norway's Nammo wins tender to produce ammunition in Denmark

    1What company won the tender for ammunition production in Denmark?

    Norwegian defence firm Nammo has won a tender to produce grenades and ammunition in Denmark.

    2What is the purpose of the arms factory in Elling?

    The Danish government aims to restart ammunition production at the mothballed arms factory in Elling to ensure domestic supply after a 55-year gap.

    3How much is Denmark increasing its defence budget?

    Denmark announced it would increase its defence budget by a combined $7 billion this year and next to address acute military shortcomings.

    4Who owns Nammo?

    Nammo is a top European ammunition producer that is 50% owned by the Norwegian government and 50% owned by Finnish defence company Patria.

    5What cooperation plans do Denmark and Norway have?

    Denmark and Norway plan to increase their cooperation on defence and will present concrete proposals in May.

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