Nammo Defense Systems completed the acquisition of Chemring Ordnance from Chemring for $17m.

Nammo Defense Systems, an international aerospace and defence company, completed the acquisition of Chemring Ordnance, which manufactures a range of ordnance and pyrotechnic products primarily for military customers, from Chemring, a global business providing a range of advanced technology products, for $17m. "I am pleased to announce the sale of Chemring Ordnance to Nammo. This transaction is another step in the delivery of our strategy and provides a greater focus on our growing and differentiated positions in Sensors & Information and Countermeasures & Energetics. Today's announcement concludes the process of exiting the Group's commoditised energetics businesses and further improves the quality of the Group and its future earnings," Michael Ord, Chemring Chief Executive.