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