Norwegian defense company Nammo will hire 1,500 new employees by 2030. CEO Morten Brandtzæg announced the expansion during a conference in Raufoss. The hiring target doubles previous estimates from just two years ago.
Nammo specializes in defense and aerospace technology. The company operates internationally with headquarters in Raufoss, Norway. Raufoss is an industrial town known for defense manufacturing.
Brandtzæg said revenue will exceed 30 billion Norwegian kroner during this growth period. That equals approximately $2.8 billion USD. The expansion reflects increased defense spending across Europe.
This hiring surge comes as Norway and other Nordic countries boost military budgets. Regional security concerns have driven increased defense investments. Nammo's growth signals broader industry expansion.
The company currently employs thousands across Norway and international locations. These new positions will support both production and research activities. Defense sector employment in Norway continues rising steadily.