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Door opens to Nammo on Palencia ammunition plant sale

09 July 2013

The Spanish Ministry of Defence (MoD) has opened the way for the sale of the former General Dynamics European Land Systems' (GDELS') ammunition division in northern Spain to Norwegian company Nammo AS.

However, in tendering the government-owned Palencia plant, the MoD has stipulated a number of conditions, including maintaining current staff levels for at least two years and current levels of production for at least three.

The ministry expects a decision will be reached in less than four months, after the tendering was officially announced in the State Bulletin on 5 July. Nammo and any other interested parties will have a month to make their bids.



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