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Monday, March 26, 2018

Nammo Relocates to Charles County



We are pleased to announce that Shasho Consulting has secured a new location for Nammo moving their local headquarters and manufacturing operation from Virginia to Indian Head, MD.  Nammo short for Nordic Ammunition Company, will take up temporary space in Waldorf while their new building is completed in Indian Head.  They recently established a 30 year public private partnership with Naval Surface Warfare Center for energetic products and will be making a significant capital investment in new facilities, equipment and human resources in Indian Head.


From Nammo's Website:

Nammo is an international aerospace and defense company headquartered in Norway. With 2200 employees across more than 30 sites and Offices in 14 countries, the company is one of the world's leading providers of ammunition and rocket engines for both military and civilian customers.


Bakground and Ownership
The company was founded in 1998, based on a merger of three major Nordic defense companies: Celsius AB, Patria Oyj, and Raufoss ASA. Today the Nammo Group’s shareholders are the Norwegian Government represented by the Norwegian Ministry of Trade, Industry and Fisheries (50 percent) and the Finnish Defense and Aerospace Group, Patria Oyj (50 percent).

Organization and Core Business
The Nammo Group operates through 6 business units: Commercial Ammunition, Small and Medium Caliber Ammunition, Large Caliber Ammunition, Shoulder Fired Systems, Aerospace Propulsion, Demil, Sea Safety and Services. Its product portfolio includes shoulder-launched munitions systems, military and sports ammunition, rocket motors for military and space applications, and environmentally friendly demilitarization services.

Customer base
80% of Nammo’s business comes from national armed forces and national defense industries in the countries where the organization operates. The remaining portion of the company’s business is comprised of commercial sales of services and sports and security products. Of a 2016 revenue of NOK 4.1 billion (USD 490 million), nearly 90% came from sales in Europe and North America.

8 comments:

Anonymous said...

Is Lidl still going to open stores in Charles County?

Chris Shasho said...

Still working on one but it’s not guaranteed yet.

Anonymous said...

What is going in at the old Sports Authority?
There is construction going on now.

Donald Stapleson said...

Chris, Can you give us an update on the Brandywine overpass construction? All I seem to be able find are overviews of the entire project with no updates on work done so far.

Chris Shasho said...

Burlington is moving over to Sports Authority. The current Burlington space will be cut up and leased in smaller sections.

Chris Shasho said...

I have not found anywhere to get updates on the construction. sorry

Anonymous said...

Is the Safeway in Bryan's Rd closing in May

Chris Shasho said...

Have not heard anything but it wouldn’t make sense spending money on remodeling the center if Safeway had not renewed their lease. We will look into it.