Nammo is delighted to announce that it has agreed with Moog Inc. to acquire its In-Space Propulsion businesses in UK and Ireland. Nammo’s CEO Mr. Morten Brandtzæg believes the deal will strengthen Nammo’s position as one of the world’s leading providers of compact thrusters and rocket engines for space launchers and satellites.
"Space is an area where we see a lot of potential for Nammo’s products and technologies. Our experience from the defense market means we are very good at making small, powerful and reliable rockets and propulsion systems for use in extreme conditions. When we combine this experience with our existing capabilities in space, and the skills and technologies we have acquired today , I believe we are well on our way to becoming one of the key players within this particular market segment," says Mr. Brandtzæg.
Nammo is an international aerospace and defense company headquartered in Norway. Its products include design and production of ammunition and rocket engines for military and commercial use, as well as sea safety and demilitarization services for clients worldwide. Employing more than 2100 people in 14 countries, Nammo is already established as a leading provider of thrusters, rocket engines and missile propulsion systems, with its space portfolio including key systems to the European Ariane and Vega space launch systems.
The deal announced today includes facilities in three locations; in Dublin, Ireland, and in Cheltenham and Westcott in the UK. Together they allow Nammo to expand its product offering, while also offering greater control of the supply chain supporting its existing product portfolio. It also grants Nammo access to additional European markets, while strengthening its position relative to several established programs both in the US and Europe.
"These facilities bring with them an impressive offering of flight qualified products currently used on space launchers, on numerous satellites orbiting Earth, and on space probes exploring the planets Mercury, Mars and Jupiter. We have worked with them for several years as a supplier, and are very pleased to welcome them to the group," says Executive Vice President of Nammo’s Aerospace Propulsion business unit, Mr. Frank Møller.
About 60 highly skilled employees will be joining Nammo through this acquisition, significantly strengthening its engineering capabilities. The primary activities of the three sites acquired include design and manufacture of liquid rocket engines, thrusters, valves and components for satellite and in-space propulsion. The facility in Dublin, Ireland also has a substantial activity towards the European launcher market, Ariane 5 and 6, with structural engine components as well as high performance thruster valves.
Nammo is an international aerospace and defense company headquartered in Norway. With more than 2200 staff spread across more than 30 sites and offices in 14 countries, Nammo is one of the world's leading providers of ammunition and rocket engines for both military and civilian customers.