Norwegian missile manufacturer Nammo has received board approval for the refurbishment of its production facility in Indian Head, Maryland, US.

The initiative was originally outlined in the company’s 2017 annual report and is set to involve an investment of up to $40m at the plant.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The development will also help generate several new manufacturing jobs in the region, which is expected to boost the local economy of Maryland.

“The initiative was originally outlined in the company’s 2017 annual report and is set to involve an investment of up to $40m at the plant.”

Nammo Energetics Indian Head (NEIH) president Pete Sioma said: “Through this investment we are following up on our commitment to the US Navy, we are generating new high-wage jobs in Maryland and adding to the half a billion dollars that the Naval Surface Warfare Center Indian Head already contributes to the state’s economy.

“This is good news for workers in both Indian Head and Charles counties.”

Nammo Energetics Indian Head (NEIH) previously signed a 30-year public-private partnership (P3) agreement with the US Naval Surface Warfare Centre Indian Head Explosive Ordnance Disposal Technology Division (NSWC IHEODTD) in January 2017.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

NEIH is an approved Special Security Agreement company, which is currently owned by Nammo.

The partnership will see NEIH and the US Navy provide assistance to the US Department of Defense via the supply of solid rocket motors, propulsion, tactical warheads and demilitarisation services of US munitions inventory.

In addition, Nammo’s new plant is anticipated to produce various items that are important for the country’s national security once operational.