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Finland achieves its EU ammunition funding goal

Ministry of Defence
Publication date 15.3.2024 13.47
Press release
The Finnish defence industry has been granted EUR 32.5 million in EU funding for ramping up its ammunition production. The funding decision complements the decision made by the Ministry of Defence in December to allocate approximately EUR 24 million for increasing domestic ammunition production.
"Long-term advocacy at the EU and direct contacts with Commissioners produced results. We got what we went for. The funding decision is in line with the plan drawn up by the Ministry of Defence in December to increase domestic ammunition production. The decision will finance investments that are critical to military security of supply and enable long-term support for Ukraine," says Minister of Defence Antti Häkkänen.
Funding was granted through the ASAP (Act in Support of Ammunition Production) fund, which had an allocated budget of around EUR 500 million. Finnish industry was granted the full amount of funding applied.
A total of EUR 22.5 million in EU funding was granted to Nammo Lapua Oy for additional capacity to manufacture 155-mm artillery grenade shells and EUR 10 million was granted to Nammo Vihtavuori Oy for increasing the production of the existing nitrocellulose and powder plant.

Inquiries: Frans Peltonen, Senior Specialist, Ministry of Defence, tel. +358 295 140 021.
Requests for interviews with Minister Häkkänen: Ville Sipiläinen, Special Adviser, tel. +358 40 761 1558.