Recent Developments:
In March 2021, Nexter group KNDS has launched 120 SHARD ammunition. SHARD, the new generation of APFSDS (Armor-Piercing Fin Stabilized Discarding Sabot) 120mm anti-tank ammunition.
In July 2020, Northrop Grumman Corporation, has received a contract from the U.S. Army’s Project Manager for Maneuver Ammunition Systems.
In March 2020, U.S. Army has purchased BONUS munitions, that are manufactured by BAE Systems and Nexter. BONUS is a 155-millimeter munition that are specially designed for destroying armored targets.
Key Developments
Key companies in the market are focused on product development, in order to expand the product portfolio. For instance, in February 2020, Nexter Group introduced its artillery ammunition, land ammunition, and naval ammunition at DEDEXPO exhibition in India.
Major market players are involved in product launches, in order to gain a competitive edge in the market. For instance, in January 2020, Rheinmetall Denel Munition, a subsidiary of Rheinmetall AG, introduced 40mm grenades and 155 mm artillery rounds.
Ammunition Market Report Snapshots
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