AMMUNITION MARKET ANALYSIS

Ammunition Market, By Type (Large caliber ammunitions, Medium caliber ammunitions, Small caliber ammunitions, Artillery ammunitions, Mortar ammunitions, Naval ammunitions, and Aircraft ammunitions)By Product (Small arm ammunition, Rockets, Torpedoes, Missiles and warheads, Bombs (grenade and rocket bombs), and Miscellaneous (mines and other explosives)), By Application (Defense, Homeland Security, and Others (Personal, R&D, entertainment, and fire services)), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

In January 2024, Nammo AS was given USD 95 million by the government of Norway as an investment to increase its production. The money is going to be used mainly on its 155 mm artillery ammunition.
In December 2023, Rheinmetall concluded a new order for several tens of thousands of shells of various types for the Ukrainian armed forces. Delivery is scheduled for 2025. The order value is USD 1.3 billion.
In November 2023, the UK Ministry of Defense, or MOD finalized a contract with BAE Systems for procuring additional small arms munitions to the tune of USD 21 million. As part of the contract awarded by the MOD to BAE Systems, the latter is expected to deliver further small arms munitions over the next two years.
In November 2023, the government of Germany ordered about 100,000 rounds of 120 mm mortar ammunition from Rheinmetall for Ukraine. With a price tag in the lower-three-digit million-euro range, the purchase is part of a military aid bundle the U.S. supplied to the armed forces in Ukraine worth approximately USD 433 million. Delivery will start in the coming months and stretch over the next two years.