Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion 
Morgan Stanley Names Marks & Spencer Top European Retail Pick, Sees Strong Upside 
Mastercard Explores Sale of Majority Stake in UK Payments Firm Vocalink: Report 
SK Hynix Shares Drop After Strong Nasdaq Debut Despite $26 Billion ADR Listing 
Oppenheimer Sees CNH Industrial as Top 2026 Agriculture Stock Pick on Dealer Consolidation Strategy 
Kitron Q2 Revenue Beats Estimates as Defense Demand Lifts Growth 
Genesis Minerals to Acquire Vault in A$5.6 Billion Deal After Regis Withdraws 
AstraZeneca Shares Sink After Wainua Trial Misses Key Heart Disease Goal 
Deutsche Bank Fined A$2 Million by ASIC Over OTC Derivatives Reporting Errors 
Yaskawa Electric Shares Slide as Weak Profit Overshadows Strong AI Demand 
TSMC Q2 Revenue Surges 36% as AI Chip Demand Powers Growth Ahead of Earnings 
SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO 
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process 
SK Hynix Prices Record U.S. ADR Offering at $149 After $200 Billion Investor Demand 
SoftBank Corp Partners With Sierra to Expand AI Customer Support Across Japan 
Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI 
RAUFOSS, Norway, Dec. 22, 2015 (GLOBE NEWSWIRE) -- The Nammo Group, a specialized defense and aerospace group has announced changes to its business unit structure and to its Group Management.
The company will be structured around six business units instead of five. This is in-line with the Group's high priority on product innovation and profitable growth.
The following changes will be in effect as of 1 January 2016:
- Commercial Ammunition (CA) will cover all ammunition and components for sport, hunting and competition shooting. The unit will be led by Executive Vice President, Raimo Helasmäki.
- Small and Medium Caliber Ammunition (SMCA) will cover military small and medium caliber ammunition, hand grenades and related components. The unit will be led by Executive Vice President, Reijo Bragberg.
- Large Caliber Ammunition (LCA) will cover all naval ammunition and large caliber ammunition and components for artillery, tanks and mortars. The unit will be led by Executive Vice President, Vegard Sande.
- Shoulder Fired Systems (SFS) will cover all shoulder fired systems within the group. The unit will be led by Executive Vice President, Chad Parkhill.
- Aerospace Propulsion (AP) will cover all rocket motors for military and space purposes including energetic material solutions (EMS) and warheads. The unit will be led by Executive Vice President, Frank Møller.
- Demil, Sea Safety and Services (DSS) will cover all demilitarization processes, services and sea safety products. The unit will be led by Executive Vice President, Urban Öholm.
The Executive Vice Presidents leading each business unit will all report to Morten Brandtzæg, President and CEO of the Nammo Group.
The adjustments are intended to further increase efficiency and strengthen the market position of the Group
For further information, please contact:
Sissel Solum
Senior Vice President Communication
Nammo Group
+47 95 05 12 20
[email protected]
www.nammo.com
HUG#1975327
