The Nammo Group Expands Manufacturing In Indian Head, Maryland
As part of an agreement signed today, Nammo Energetics Indian Head, a Maryland corporation, will partner with the installation’s Explosive Ordnance Disposal Technology Division (EODTD) to establish both a solid rocket motor and tactical warhead production facility, as well as an energetics demilitarization operation at Indian Head. The company plans to invest more than $23 million in renovations to existing facilities on the base and an additional $7 million in new equipment.
“The Public Private Partnership Agreement is a unique opportunity for Nammo to become part of the U.S. National Technology Industrial Base,” said Morten Brandtzæg, CEO of The Nammo Group. “Our priority number one will be to create a sustainable and highly-competitive operation at Indian Head with a strong focus on our core capabilities and competences, creating jobs in Maryland.”
To assist with the project, the Maryland Department of Commerce approved a $400,000 conditional loan through the Maryland Economic Development Assistance Authority and Fund (MEDAAF). Nammo may also be eligible for Job Creation Tax Credits.
“Nammo’s $30 million investment in Maryland manufacturing, and the addition of more than 130 new jobs, is confirmation of the positive business climate our administration set out to establish two years ago,” said Governor Larry Hogan. “In December, I had a very productive meeting with President Brandtzæg in Annapolis, during which he briefed me on plans for Indian Head. I am very pleased to welcome him and Nammo to our state on a permanent basis and appreciate the positive impact their presence will have on Southern Maryland’s economy.”
“In addition to performing critical work for the nation’s defense, Naval Surface Warfare Center Indian Head contributes nearly $545 million to Maryland’s economy,” said Maryland Commerce Secretary Mike Gill. “Nammo’s manufacturing facility will enhance Indian Head’s capabilities, as well as the installation’s economic impact on Maryland. This is good news for our aerospace and defense industry, for Indian Head and Charles County, and for Maryland.”
Supply Chain Bottlenecks Creating New “Logistical Hotspots”
The “Great Resignation” Is Impacting Corporate Relocations
Workforce Q4 2021
Changes in the Incentives Landscape
2020 Top States for Doing Business Showcase Their Pro-Business Environments
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
How an International Business Can Enter the U.S. Market Via M&A