Nammo acquires Moog’s European InSpace Propulsion

Nammo will acquire Moog Inc’s In-Space Propulsion businesses in UK and Ireland. Nammo’s CEO Morten Brandtzæg stated that “The deal will strengthen Nammo’s position as one of the world’s leading providers of compact thrusters and rocket engines for space launchers and satellites. Space is an area where we see a lot of potential for Nammo’s products and technologies. Our experience from the defence market means we are very good at making small, powerful and reliable rockets and propulsion systems for use in extreme conditions. When we combine this experience with our existing capabilities in space, and the skills and technologies we have acquired today, I believe we are well on our way to becoming one of the key players within this particular market segment.”