Nammo acquires Moog’s European In-Space Propulsion businesses
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.