SOURCE: Nammo AS

March 25, 2010 05:22 ET

Nammo Expands in Demil

RAUFOSS, NORWAY--(Marketwire - March 25, 2010) - The Nammo Group's US based office in D.C., Nammo Inc, has recently purchased the remaining 51% interest in PB-Nammo Demil LLC. PB-Nammo Demil LLC was a Joint Venture with Parsons Brinckerhoff, specializing in the demilitarization and recycling of old and obsolete ammunition and components. The company is now 100% owned by the Nammo Group.

The new company is named Nammo Demil LLC and will be located in Arlington VA., with an office in Rock Island Illinois.

Mr. Peter Sioma will serve as President of Nammo Demil LLC.

The company has more than 10 years of demilitarization experience from working with the US Department of Defense. Since 1999 the company has demilitarized in excess of 100.000 tons of ammunition.

"Nammo is looking at expanding its position and to become a leading supplier of demilitarization services in the US. This purchase is a step in that direction," says Reijo Bragberg, Executive Vice President of Nammo's Demil Division.

The Nammo Group is an international defense group specializing in design and production of ammunition products, missile and space propulsion systems and demilitarization services. The Nammo Group employs 1900 people in 7 countries, with more than 300 people in the United States.

For any further details please contact:

David M. Emling
Vice President
Nammo Demil LLC
Tel: +1(309) 732-1758
E-mail: demling@nammoinc.com

Sissel Solum
Senior Vice President Communication
Nammo Group
Tel: +47 61 15 22 42
E-mail: sissel.solum@nammo.com

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