Europe Ammunition News

Recent industry report about Europe Ammunition company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Europe Ammunition Market industry experts.

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Europe Ammunition News

  • December 2022: A European NATO customer entered into a contract with Rheinmetall to supply a maximum of 300,000 rounds of 40mm ammunition, consisting of LV (low velocity) and HV (high velocity) variants. The contract includes a first call-off of approximately 75,000 cartridges.
  • January 2022: The German Bundeswehr signed a contract with Rheinmetall AG to modernize its mortar systems and provide 120mm mortar ammunition. The contract is worth approximately EUR 27 million (USD 30 million) and will be completed by 2023.
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  • February 2024: The US Marine Corps awarded BAE Systems an extra USD 25 million as a firm-fixed-price modification on top of their original USD 181 million contract. This additional funding is specifically designated for producing more amphibious combat vehicles (ACVs) and falls under the Marine Corps' fourth order for full-rate production (FRP).
  • February 2023: The General Dynamics Mission Systems segment secured a substantial USD 481.6 million contract from the US Army Contracting Command. The contract aims to sustain the AN/MLQ-44 Prophet-Enhanced SIGINT vetronics systems.
  • December 2023: The Indonesian Air Force significantly upgraded its fleet by introducing eight H225M helicopters. These helicopters are specifically intended to bolster the Indonesian Air Force's capabilities, primarily focusing on strengthening Air Squadron 8 of Air Wing 4, stationed at Atang Sendjaja Air Base.
  • August 2023: The Indonesian government solidified its commitment to modernizing its fleet by signing a memorandum of understanding with Boeing. This agreement paved the way for Indonesia to acquire 24 F-15EX jets, a crucial step in the nation's strategic fleet enhancement plan.

May 2024: During the DSA 2024 Exhibition in Malaysia, FNSS displayed its latest innovation, the PARS III 6x6 vehicle. This vehicle highlights the TEBER-II 30/40 Remote-Controlled Turret (RCT) and the SANCAK 30 mm Remote-controlled Turret. Notably, the PARS III 6x6 comes with standard automatic fire suppression systems.

February 2024: At WDS 2024 in Saudi Arabia, Otokar revealed its Ural A Tactical Armored Vehicle. The Ural, designed to accommodate a team of eight, including two crew members and six infantrymen, excels in reconnaissance, patrol, and assault missions. Engineered for resilience, it thrives in harsh terrains, boasting advanced safety features like an engine fire suppression system, ensuring its durability in combat.

March 2024: Australia pledged AUD 4.6 billion (USD 3 billion) to assist Britain in constructing nuclear-powered submarines, a vital component of the AUKUS agreement with the UK and the US. Under this, Australia is set to procure up to five nuclear submarines from the US by the early 2030s, followed by a collaborative effort with Britain to develop and operate a new SSN-AUKUS class.

March 2024: Indonesia awarded the Naval Group and PT PAL the contract to enhance the Indonesian Navy's capabilities. As part of this collaboration, PT PAL will construct two Scorpène submarines in Indonesia, leveraging technology transferred from the Naval Group.

April 2024: The Israel Defense Forces announced plans to increase the number of regular army tank companies within each battalion of the armored corps. This strategic move stemmed from insights gained during a six-month conflict in Gaza, with a clear focus on preparing for future engagements.

February 2024: Italy announced its intention to procure 132 Leopard 2A8IT main battle tanks with a budget of EUR 8.2 billion. The project is slated to span around 14 years.

March 2022: India inked a deal worth USD 1.9 billion to acquire 350 Light Battle Tanks (LBTs). The challenges of deploying heavy main battle tanks (MBTs) in mountainous terrains spurred India's focus on its light tank initiative.

February 2024: ST Engineering signed agreements with Airbus to support the C295 and Embraer to support the C-390. Airbus will support the regional C295 fleets with depot-level maintenance and turnkey solutions at its existing facility in Singapore.

February 2023: The Republic of Singapore Air Force revealed plans to procure eight F-35B fighter jets from Lockheed Martin Corporation, with deliveries slated for completion by 2030.

March 2023: Sako Ltd sealed a long-term deal with the Finnish and Swedish defense forces. The agreement, spanning a decade, includes provisions for up to three additional seven-year extensions. In the first phase, Finland is expected to evaluate assault rifles and individual protection weapons, allocating a budget of USD 0.75 million. Meanwhile, Sweden, a key participant, made an initial purchase of assault rifles and personal protection weapons, amounting to roughly SEK 875 million (USD 84 million).

January 2023: The Indian Army initiated an 'emergency procurement' under the Fast Track Procedure (FTP) of the Defense Acquisition Procedure, aiming to acquire 5,000 9×19 mm machine pistols valued at approximately USD 6 million.

  • February 2024: The UK Ministry of Defense awarded Thales a contract to strengthen the country's national security. Valued at USD 2.3 billion, this 15-year agreement will enable the Thales Maritime Sensor Enhancement Team (MSET) project to introduce a new era for the Royal Navy. This project aims to optimize ship availability and resilience by harnessing advanced AI and data management tools.
  • December 2023: The Indian Navy commissioned the indigenously built stealth-guided missile destroyer INS Imphal at a ceremony in the naval dockyard in Mumbai. INS Imphal is a versatile platform with weapons and sensors, including anti-ship missiles, surface-to-air missiles, and torpedoes.

September 2023: Elbit America received a contract to provide medium long-range surveillance towers to the US Customs and Border Protection. The towers will consist of multiple sub-systems that allow agents to continuously detect, recognize, classify, and track items of interest along the nation's borders.

March 2023: Accenture Federal Services received a USD 380 million contract from US Customs and Border Protection (CBP) for IT infrastructural operations and modernization. Under the contract, the company will be delivering technological support for various programs within the agency responsible for safeguarding the country's borders and facilitating lawful international travel and trade.

  • September 2023: Elbit Systems announced that it would present Skylark 3 Hybrid Small Tactical Unmanned Aerial Systems (STUAS) for the first time at the Singapore Airshow. The Skylark 3 Hybrid hybrid propulsion system offers 18 hours of operations and improves mission effectiveness and cost efficiency.
  • March 2023: Singapore’s Ministry of Defense exercised an option to acquire eight F-35B Lightning II Fighter multi-role combat aircraft from Lockheed Martin Corporation. The contract was signed in 2020 for 12 F-35Bs to be delivered by the end of the decade for the Republic of Singapore Air Force (RSAF).

European Ammunition Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)