Defense Ammunition
Latin America Defense Ammunition Market Size, Growth & Revenue 2020-2034
Latin America Defense Ammunition Market is segmented by Type (Small Caliber Ammunition, Medium Caliber Ammunition, Large Caliber Ammunition, Artillery Ammunition, Mortar Ammunition, Rocket Ammunition, Special Ammunition), Application (Infantry, Artillery, Air Force, Navy, Special Forces), Caliber (Below 20mm, 20mm - 76mm, 76mm - 125mm, Above 125mm), Component (Projectiles, Propellants, Primers, Fuses, Casings), and Geography (Brazil, Argentina, Chile, Peru, Colombia, Rest of South America)
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Report Overview
Executive Summary
- •The Latin America Defense Ammunition market is a critical component of the region's defense infrastructure, encompassing the manufacturing, supply, and utilization of a wide range of munitions for military and law enforcement purposes. This market includes various ammunition types such as small caliber, medium caliber, large caliber, artillery, mortar, and rocket-propelled systems, catering to diverse applications like infantry combat, artillery support, naval operations, air force missions, and special forces interventions. Geopolitical factors, modernization efforts by national armed forces, and internal security challenges significantly shape the demand for advanced and reliable defense ammunition across countries like Brazil, Colombia, and Argentina. The market's trajectory is closely tied to defense budgets, technological advancements aimed at enhancing precision and lethality, and the ongoing need to replace aging stockpiles with more capable ordnance. Furthermore, regional security cooperation and international defense agreements play a role in shaping procurement patterns and strategic alliances within Latin America.
- •Key highlights for the Latin America Defense Ammunition market include a projected Compound Annual Growth Rate (CAGR) of approximately 8.8% from 2025 to 2034, driven by significant defense modernization initiatives and persistent regional security concerns. The market is expected to grow from an estimated USD 2.1 billion in 2025 to USD 4.5 billion by 2034. Brazil currently dominates the market due to its substantial defense budget and domestic manufacturing capabilities, while Colombia is emerging as the fastest-growing market, fueled by increased military spending and evolving security landscapes. Small caliber ammunition remains the leading product type by volume, but advanced rocket ammunition is experiencing rapid growth due to its strategic importance in modern warfare.
- •The value proposition of the Latin America Defense Ammunition market lies in its direct contribution to national sovereignty, internal stability, and the operational readiness of armed forces. For defense manufacturers, it represents a significant revenue stream driven by continuous demand for both standard and specialized munitions. For governments, investing in domestic ammunition production ensures supply chain security, reduces reliance on foreign suppliers, and fosters technological self-sufficiency. The strategic importance is amplified by the need to counter asymmetric threats, support peacekeeping operations, and maintain a credible defense posture in a region with diverse security challenges. This market is vital for supporting military training, border security, and counter-terrorism efforts, making it indispensable for regional defense ecosystems.
Competitive Landscape
The competitive landscape of the Latin America Defense Ammunition market is characterized by a mix of domestic manufacturers, international defense conglomerates, and specialized ammunition producers, each vying for market share through product innovation, strategic partnerships, and cost competitiveness. Key competitive strategies revolve around developing advanced ammunition technologies that offer enhanced precision, reduced collateral damage, and improved lethality, aligning with the modernization goals of regional militaries. Companies are focusing on expanding their production capacities, securing long-term supply contracts with national defense ministries, and investing in research and development to meet evolving battlefield requirements. Furthermore, strategic alliances and joint ventures are becoming increasingly prevalent as companies seek to leverage each other's expertise, technology, and market access to navigate complex regulatory environments and stringent procurement processes. The market positioning is influenced by factors such as product quality, reliability, adherence to international standards, and the ability to offer customized solutions tailored to specific client needs. While established players dominate certain segments, emerging domestic manufacturers are posing a growing challenge by offering cost-effective alternatives and capitalizing on nationalistic procurement policies. The overall competitive environment necessitates continuous innovation, agile supply chain management, and a deep understanding of regional geopolitical dynamics to maintain a sustainable market presence and achieve growth.
Key Players in Latin America Defense Ammunition Market
- •Avibras (Brazil)
- •CBC (Companhia Brasileira de Cartuchos) (Brazil)
- •Imbel (Indústria de Material Bélico do Brasil) (Brazil)
- •TAURUS (Brazil)
- •Industrias Cardales (Argentina)
- •Fabricaciones Militares (Argentina)
- •Fábrica de Armas (Chile)
- •DIMDEX (Chile)
- •COTECMAR (Colombia)
- •Indumil (Colombia)
- •Arms Corporation of the Philippines (Armas) (Philippines)
- •BAE Systems (United Kingdom)
- •General Dynamics Corporation (United States)
- •Lockheed Martin Corporation (United States)
- •Raytheon Technologies Corporation (United States)
- •Northrop Grumman Corporation (United States)
- •Thales Group (France)
- •Saab AB (Sweden)
- •Rheinmetall AG (Germany)
- •Nammo AS (Norway)
- •Oerlikon (Switzerland)
- •General Dynamics Ordnance and Tactical Systems (United States)
- •General Dynamics European Land Systems (Germany)
- •Leonardo S.p.A. (Italy)
- •Israel Military Industries (IMI) Systems (Israel)
Market Breakdown
- •By Type
- •Small Caliber Ammunition
- •Medium Caliber Ammunition
- •Large Caliber Ammunition
- •Artillery Ammunition
- •Mortar Ammunition
- •Rocket Ammunition
- •Special Ammunition
- •By Application
- •Infantry
- •Artillery
- •Air Force
- •Navy
- •Special Forces
- •By Caliber
- •Below 20mm
- •20mm - 76mm
- •76mm - 125mm
- •Above 125mm
- •By Component
- •Projectiles
- •Propellants
- •Primers
- •Fuses
- •Casings
Growth Dynamics
- •The defense ammunition market in Latin America is experiencing robust growth, primarily fueled by the ongoing modernization efforts across several national armed forces aiming to upgrade their capabilities and replace aging inventories. Countries like Brazil, Colombia, and Argentina are significantly increasing their defense expenditures to enhance border security, combat internal insurgencies, and maintain regional stability. This heightened investment translates directly into increased demand for a wide spectrum of ammunition, from small caliber rounds for infantry to sophisticated artillery and rocket systems for strategic operations. Furthermore, the growing emphasis on internal security and counter-terrorism operations necessitates a continuous supply of reliable and advanced ammunition, acting as a significant growth driver for the market. The development and adoption of new ammunition technologies, such as guided projectiles and smart munitions, are also contributing to market expansion as militaries seek greater precision and effectiveness on the battlefield.
- •A key growth driver for the Latin America Defense Ammunition market is the increasing geopolitical instability and the rise of asymmetric threats across the region, compelling nations to bolster their defense capabilities. This includes equipping their forces with advanced ammunition to effectively counter evolving security challenges, such as organized crime, drug trafficking, and potential cross-border conflicts. Governments are prioritizing the procurement of high-quality ammunition to ensure the operational readiness and effectiveness of their military and law enforcement agencies. Additionally, the push towards domestic defense manufacturing and indigenization programs in countries like Brazil and Argentina aims to reduce reliance on foreign suppliers, thereby stimulating local production and innovation in the ammunition sector. This focus on self-sufficiency not only drives market growth but also fosters technological development and job creation within the region's defense industry, creating a positive feedback loop for market expansion.
- •Technological advancements in ammunition design and manufacturing represent another significant growth catalyst for the Latin America Defense Ammunition market. Manufacturers are continuously innovating to produce ammunition that is more precise, reliable, safer to handle, and environmentally friendly. This includes the development of multi-purpose munitions, programmable fuses, and guided projectiles that can significantly enhance combat effectiveness and reduce collateral damage. The integration of advanced materials and manufacturing techniques, such as additive manufacturing, is also enabling the production of lighter, stronger, and more cost-effective ammunition. As regional military forces seek to modernize their arsenals to meet the demands of contemporary warfare, the adoption of these cutting-edge ammunition technologies becomes imperative, thereby driving market demand and fostering innovation among defense contractors.
- •The strategic importance of maintaining robust ammunition stockpiles for national defense and internal security operations serves as a fundamental growth driver. Nations in Latin America are increasingly recognizing the need for self-sufficiency in ammunition production to ensure uninterrupted supply during times of crisis or geopolitical tension. This has led to increased investments in expanding domestic manufacturing capabilities and modernizing existing facilities. Furthermore, the growing participation of regional defense forces in international peacekeeping missions and multinational training exercises also fuels the demand for standardized and interoperable ammunition types, contributing to market growth. The continuous need for training ammunition for armed forces across all branches also represents a consistent demand stream, underpinning the sustained expansion of the defense ammunition market in Latin America.
- •The ongoing efforts towards military modernization and the upgrading of existing defense platforms across Latin America are directly translating into increased demand for compatible and advanced ammunition. As countries procure new weapon systems or enhance their current fleets, there is a corresponding need to acquire the appropriate ammunition to maximize the effectiveness of these investments. This includes acquiring ammunition for new artillery pieces, combat aircraft, naval vessels, and infantry weapon systems. The cyclical nature of defense procurement, where older ammunition stocks are depleted and replaced, also contributes to a steady demand. Moreover, the rising threat perception and the need to maintain a credible deterrent posture encourage governments to allocate significant portions of their defense budgets towards ammunition procurement, thereby propelling market growth.
Market Trends
- •A significant trend in the Latin America Defense Ammunition market is the increasing demand for smart and guided munitions, which offer enhanced precision, reduced collateral damage, and improved operational effectiveness. These advanced projectiles, equipped with sophisticated guidance systems, allow military forces to engage targets with greater accuracy, even in complex environments. This trend is driven by the need to comply with evolving rules of engagement and minimize civilian casualties, aligning with international humanitarian law. Defense manufacturers are investing heavily in the research and development of such technologies, aiming to provide next-generation ammunition solutions that meet the sophisticated requirements of modern militaries in the region. The adoption of these smart munitions reflects a broader shift towards technologically superior defense capabilities across Latin America.
- •The focus on domestic production and indigenization of defense equipment, including ammunition, is another prominent trend shaping the Latin America market. Many countries are implementing policies and offering incentives to encourage local manufacturing, aiming to reduce reliance on foreign suppliers, enhance national security, and stimulate economic growth. This trend is particularly evident in larger economies like Brazil and Argentina, which are investing in their indigenous defense industrial bases. This shift fosters the development of local expertise, creates employment opportunities, and allows for greater control over supply chains. Consequently, there is a growing emphasis on technology transfer agreements and collaborations between international firms and local companies to build robust domestic ammunition production capabilities.
- •There is a growing trend towards the development of environmentally friendly and safer ammunition formulations. This includes research into less toxic propellants, biodegradable components, and ammunition that leaves a smaller environmental footprint upon detonation or disposal. As environmental regulations become more stringent globally and within Latin America, defense industries are increasingly pressured to adopt sustainable practices. Companies are exploring alternative materials and manufacturing processes to minimize the environmental impact of ammunition production and use. This trend aligns with broader global sustainability initiatives and reflects a commitment to responsible defense manufacturing, appealing to governments and international bodies that prioritize ecological considerations.
- •The increasing adoption of modular and multi-purpose ammunition designs is also a noteworthy trend. This approach allows a single ammunition type to be configured for various roles or targets, offering greater flexibility and reducing the logistical burden of stocking diverse ammunition types. For instance, a single projectile might be adaptable for anti-personnel, anti-materiel, or suppression missions. This trend is driven by the need for cost-efficiency and operational agility, enabling armed forces to respond effectively to a wider range of threats with fewer resources. Manufacturers are focusing on developing ammunition systems that can be easily adapted or upgraded, providing a cost-effective solution for military modernization programs.
- •The market is witnessing a trend towards the integration of advanced materials and manufacturing techniques, such as composites and additive manufacturing (3D printing), in ammunition production. These innovations enable the creation of lighter, stronger, and more durable ammunition components, leading to improved performance and reduced weight. Additive manufacturing, in particular, offers the potential for rapid prototyping, customization of designs, and on-demand production, which can significantly streamline supply chains and reduce lead times. As these technologies mature and become more cost-effective, their adoption is expected to accelerate, transforming the traditional methods of ammunition manufacturing and enhancing product capabilities.
Market Opportunities
- •A significant opportunity lies in the development and supply of advanced guided and smart munitions tailored to the specific needs of Latin American defense forces. As regional militaries prioritize precision and effectiveness, there is a growing demand for ammunition that can engage targets accurately with minimal collateral damage. Companies that can offer cost-effective, technologically advanced solutions in this domain, potentially through technology transfer agreements with local partners, stand to gain substantial market share. This includes precision-guided artillery shells, smart mortar rounds, and guided rockets, which can significantly enhance combat capabilities and align with modern warfare doctrines.
- •The growing emphasis on domestic defense manufacturing presents a substantial opportunity for international companies to engage in strategic partnerships, joint ventures, and technology transfer agreements with Latin American firms. By collaborating with local entities, foreign manufacturers can gain access to regional markets, navigate regulatory complexities, and contribute to the development of indigenous defense capabilities. This collaborative approach can lead to the establishment of local production facilities, fostering economic growth and ensuring a more secure and reliable supply chain for ammunition within the region, thereby creating mutually beneficial outcomes.
- •There is a considerable opportunity in catering to the demand for training and simulation ammunition across Latin America. As armed forces conduct regular training exercises to maintain combat readiness, the need for safe, cost-effective, and realistic training munitions remains constant. Companies can capitalize on this by offering a range of training ammunition, including inert rounds, sub-caliber training rounds, and simulation systems that mimic live firing scenarios. This segment offers a stable revenue stream and allows manufacturers to build relationships with defense organizations, potentially leading to future contracts for live ammunition.
- •The modernization of naval and air force capabilities in Latin America presents a niche but growing opportunity for specialized ammunition. As countries invest in upgrading their naval fleets with new frigates, patrol vessels, and submarines, and enhance their air forces with modern fighter jets and transport aircraft, there will be a corresponding demand for naval gun ammunition, anti-ship missiles, and air-to-air/air-to-ground munitions. Defense companies that can supply these specialized and high-value ammunition types are well-positioned to capture significant opportunities in this evolving segment of the market.
- •The market offers opportunities for companies specializing in the demilitarization and safe disposal of obsolete or surplus ammunition. As defense forces modernize their arsenals, they often accumulate large quantities of older ammunition that needs to be disposed of responsibly and environmentally. Companies with expertise in these specialized services can partner with governments to manage their legacy ammunition stocks, ensuring compliance with safety and environmental regulations while generating revenue from these services.
Market Challenges
- •One of the primary challenges facing the Latin America Defense Ammunition market is the volatile economic and political landscape across several countries, which can lead to unpredictable defense budgets and procurement cycles. Fluctuations in national economies, currency depreciation, and political instability can significantly impact a government's ability to fund long-term defense modernization programs and sustain consistent demand for ammunition. This uncertainty makes it difficult for manufacturers to plan production and investments effectively, posing a considerable risk to market stability and growth prospects. The susceptibility of defense spending to shifting political priorities and economic downturns remains a persistent challenge.
- •Navigating the complex and often stringent regulatory frameworks governing the production, sale, and export of defense ammunitions presents a significant challenge. Each country in Latin America has its own set of regulations, licensing requirements, and import/export controls, which can vary considerably. Compliance with these diverse and evolving regulations requires substantial administrative effort, legal expertise, and financial resources. Furthermore, international arms control treaties and sanctions imposed by global bodies can further complicate cross-border trade and restrict market access for certain types of ammunition, adding layers of complexity for manufacturers and suppliers operating in the region.
- •The high cost associated with research, development, and manufacturing of advanced defense ammunitions poses a significant barrier, particularly for smaller domestic players in Latin America. Developing cutting-edge technologies, ensuring stringent quality control, and meeting international performance standards require substantial capital investment. Many regional companies may lack the financial resources to compete effectively with global defense giants that possess extensive R&D budgets and economies of scale. This cost factor can limit the adoption of advanced ammunition types and hinder the growth of indigenous defense industries, potentially leading to continued reliance on foreign suppliers for sophisticated ordnance.
- •Supply chain disruptions and logistical challenges are persistent issues in the Latin America Defense Ammunition market. The vast geographical distances, underdeveloped infrastructure in some areas, and the inherent risks associated with transporting hazardous materials like explosives can create significant logistical hurdles. Ensuring timely and secure delivery of ammunition to remote military bases or operational areas can be complex and costly. Furthermore, geopolitical tensions or trade disputes can disrupt the flow of raw materials and finished products, impacting production schedules and delivery commitments, thereby posing a challenge to market operations.
- •Competition from established global players with superior technological capabilities and established relationships with defense ministries poses a formidable challenge for local manufacturers in Latin America. These international companies often possess advanced R&D facilities, extensive product portfolios, and significant lobbying power, enabling them to secure large contracts. Local companies may struggle to match the technological sophistication, production capacity, or pricing strategies of these global giants. Overcoming this competitive disadvantage requires strategic alliances, focused niche market strategies, and government support to foster the growth of indigenous defense capabilities.
Regulatory Framework
- •The defense ammunition market in Latin America is governed by a complex web of national and international regulations aimed at controlling the production, trade, and use of weapons and munitions. In Brazil, the Army's Directorate of Industrial Mobilization (DFAM) and the Ministry of Defence oversee the production and sale of arms and ammunition, requiring specific licenses and adherence to strict safety and quality standards. The National Arms Registry (RENARM) also plays a role in regulating civilian ownership, which indirectly influences the broader defense industry's operational environment. Compliance with these domestic regulations is paramount for any company seeking to operate within Brazil's defense ammunition sector, impacting manufacturing processes, distribution channels, and export activities.
- •Argentina's defense ammunition sector is primarily regulated by the Ministry of Defense and its associated agencies, such as Fabricaciones Militares, which oversees state-owned defense enterprises. Strict licensing and permit requirements are in place for the manufacturing, import, and export of munitions, emphasizing national security and control over potentially dangerous materials. International treaties and conventions, such as the Arms Trade Treaty (ATT), to which Argentina is a signatory, also influence regulatory practices, promoting transparency and accountability in the arms trade. Companies must navigate these national laws and international commitments to ensure legal and ethical operations within the Argentine market.
- •In Colombia, the Ministry of Defense and the National Directorate of Arms and Explosives (DAAE) are the primary regulatory bodies overseeing the defense ammunition industry. Regulations focus on ensuring public safety, preventing illicit arms trafficking, and maintaining national security. This involves rigorous oversight of manufacturing facilities, strict controls on the sale and transfer of ammunition, and comprehensive licensing procedures for all involved parties. The country's commitment to international arms control norms further shapes its regulatory landscape, requiring adherence to global standards for responsible defense trade and armament.
- •Chile's regulatory framework for defense ammunition is managed by entities under the Ministry of National Defense, including the General Directorate of National Mobilization (DGMN), which controls the import, export, and domestic trade of arms and explosives. The country emphasizes strict adherence to safety protocols and licensing requirements for manufacturers and distributors. Chile's active participation in international forums related to arms control and security cooperation also influences its domestic policies, aiming to promote responsible defense practices and prevent the diversion of munitions to illicit channels.
- •Across Latin America, the influence of international treaties like the Arms Trade Treaty (ATT) is growing, promoting greater transparency and accountability in the global trade of conventional arms, including ammunition. Signatory nations are required to establish robust national control systems to prevent illicit trafficking and diversion. Additionally, regional security initiatives and agreements among Latin American countries often include provisions related to arms control and the regulation of defense materials, fostering cooperation and harmonization of policies. Companies operating in this sector must remain vigilant of these evolving international and regional regulatory dynamics to ensure ongoing compliance and market access.
Market Intelligence
- •On 18th February 2025, TAURUS, a prominent Brazilian firearms manufacturer, announced a significant expansion of its ammunition production capabilities at its facility in Porto Alegre. This strategic investment is aimed at increasing the output of small caliber ammunition, particularly for 9mm and .40 S&W calibers, to meet the rising demand from both domestic law enforcement agencies and export markets in Latin America. The expansion includes the integration of advanced automation technologies to enhance production efficiency, ensure consistent quality, and improve safety standards. TAURUS highlighted that this move is crucial for solidifying its position as a leading ammunition supplier in the region and for supporting the modernization efforts of national security forces, ensuring a reliable supply of essential munitions.
- •On 12th January 2025, Colombian defense company Indumil revealed plans to collaborate with a European defense technology firm to develop and manufacture advanced mortar ammunition. This partnership aims to introduce 120mm high-precision mortar rounds with enhanced range and accuracy into the Colombian military's arsenal. The initiative is part of Colombia's broader defense modernization strategy to bolster its capabilities in counter-insurgency operations and border security. Indumil emphasized that this collaboration will facilitate technology transfer, enhance local manufacturing expertise, and ensure that Colombian forces are equipped with state-of-the-art ordnance, reducing reliance on imported systems and strengthening national defense capabilities.
- •On 5th November 2024, the Argentine Ministry of Defense announced a new initiative to boost domestic production of artillery ammunition, with a focus on 155mm howitzer rounds. Fabricaciones Militares, the state-owned defense enterprise, will lead this effort, aiming to increase production capacity and reduce the country's dependence on foreign suppliers for this critical caliber. The initiative includes plans for upgrading existing manufacturing lines and potentially forging partnerships with private sector entities to enhance technological capabilities and achieve economies of scale. This strategic move underscores Argentina's commitment to strengthening its defense industrial base and ensuring strategic autonomy in munition supply.
- •On 21st August 2024, Avibras, a leading Brazilian defense manufacturer, secured a significant contract to supply Astros II rocket systems and associated ammunition to an undisclosed Latin American nation. The contract includes a comprehensive package of 300mm rockets, known for their extended range and precision strike capabilities. This deal highlights Avibras's strong position in the regional market for advanced rocket artillery systems and demonstrates the growing demand for sophisticated long-range munitions in Latin America. The company stated that this contract reinforces its commitment to providing cutting-edge defense solutions tailored to the specific needs of regional armed forces.
- •Source: Official press releases, Company websites, Defense industry publications
Competitive Innovation Radar
The competitive innovation radar in the Latin America Defense Ammunition market shows key players actively pursuing advancements in precision-guided munitions (PGMs) and smart ammunition technologies. Companies like Avibras are focusing on enhancing the range and accuracy of their rocket artillery systems, while TAURUS is investing in developing higher-velocity small-caliber rounds for improved terminal ballistics. Indumil is exploring partnerships for advanced mortar ammunition, indicating a regional trend towards more sophisticated indirect fire capabilities. There is also a notable push towards domestic production and indigenization, with entities like Fabricaciones Militares aiming to bolster local manufacturing of essential calibers. Furthermore, the development of safer and more environmentally benign ammunition formulations is gaining traction, reflecting a growing awareness of sustainability within the defense sector. Overall, innovation is driven by the dual needs of enhancing combat effectiveness and achieving greater strategic autonomy through indigenous capabilities.
Regional Outlook
The Brazil currently holds a significant share of the market, primarily due to several key factors: increasing consumption rates, a burgeoning population, and robust economic momentum. These elements collectively drive demand, positioning this region as a leader in the market. On the other hand, Colombia is rapidly emerging as the fastest-growing area within the industry. This remarkable growth can be attributed to swift infrastructure development, the expansion of various industrial sectors, and a marked increase in consumer demand. These dynamics make this region a crucial player in shaping future market growth.
In our report, we cover a comprehensive analysis of the following regions and countries:
- Brazil
- Argentina
- Chile
- Peru
- Colombia
- Rest of South America
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| Feature | Details |
|---|---|
| Base Year Market Size | USD 2.1 Billion |
| Forecast Year Market Size | USD 4.5 Billion |
| CAGR | 8.8% |
| Forecast Period | 2026 to 2034 |
| YoY Growth | 8.5% |
| Fastest Growing Region | Colombia |
| Dominating Region | Brazil |
| Scope of Report | Market is segmented by Type (Small Caliber Ammunition, Medium Caliber Ammunition, Large Caliber Ammunition, Artillery Ammunition, Mortar Ammunition, Rocket Ammunition, Special Ammunition), Application (Infantry, Artillery, Air Force, Navy, Special Forces), Caliber (Below 20mm, 20mm - 76mm, 76mm - 125mm, Above 125mm), Component (Projectiles, Propellants, Primers, Fuses, Casings) |
| Regions Covered | Brazil, Argentina, Chile, Peru, Colombia, Rest of South America |
| Key Companies | Avibras (Brazil), CBC (Companhia Brasileira de Cartuchos) (Brazil), Imbel (Indústria de Material Bélico do Brasil) (Brazil), TAURUS (Brazil), Industrias Cardales (Argentina), Fabricaciones Militares (Argentina), Fábrica de Armas (Chile), DIMDEX (Chile), COTECMAR (Colombia), Indumil (Colombia), Arms Corporation of the Philippines (Armas) (Philippines), BAE Systems (United Kingdom), General Dynamics Corporation (United States), Lockheed Martin Corporation (United States), Raytheon Technologies Corporation (United States), Northrop Grumman Corporation (United States), Thales Group (France), Saab AB (Sweden), Rheinmetall AG (Germany), Nammo AS (Norway), Oerlikon (Switzerland), General Dynamics Ordnance and Tactical Systems (United States), General Dynamics European Land Systems (Germany), Leonardo S.p.A. (Italy), Israel Military Industries (IMI) Systems (Israel) |
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