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Sweden signs $526 million ammunition deals with Rheinmetall and Nammo
Published by Global Banking & Finance Review®
Posted on July 8, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on July 8, 2025
1 min readLast updated: January 23, 2026
Sweden has signed $526 million contracts with Rheinmetall and Nammo for artillery ammunition, enhancing its defence capabilities.
COPENHAGEN (Reuters) -Sweden has signed agreements with Germany's Rheinmetall and Norway's Nammo worth over 5 billion crowns ($526.02 million) for artillery ammunition deliveries, its defence ministry said on Tuesday.
"With this order, we are strengthening Sweden's defence capability. It is an important investment in security for Sweden and NATO," said Minister of Defence Pal Jonson in a statement.
The deal with Rheinmetall Denel Munition, a subsidiary of the German defence contractor, amounts to more than 4 billion crowns and includes artillery shells and propellant charges for Sweden's Archer artillery system, the ministry said.
The contract with Nammo, valued at 1 billion crowns, covers the supply of 155 mm high explosive extended range (HE-ER) grenades, the ministry added.
($1 = 9.5054 Swedish crowns)
(Reporting by Louise Breusch Rasmussen, editing by Stine Jacobsen)
Sweden signed agreements worth over 5 billion crowns, equivalent to $526 million.
The contracts are with Germany's Rheinmetall and Norway's Nammo.
The Rheinmetall deal includes artillery shells and propellant charges for Sweden's Archer system.
The contract with Nammo is valued at 1 billion crowns.
These contracts are aimed at strengthening Sweden's defence capability and represent an important investment in security for Sweden and NATO.
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