The privately owned Norwegian company NFM Group will in the next few years produce bulletproof vests worth half a billion kroner for the Norwegian Armed Forces.
The contract is valid for five years, with an option for another ten years, writes Finansavisen.
According to the plan, the new combat vest system will eventually replace the current combat vests and carrying systems. The vests are delivered from NFM’s subsidiary Equipnor to the government agency Forsvarsmateriell.
The contract with the defense is not NFM’s first major deal this year. In April, they won a contract worth 41 million Euros, equivalent to just over 430 million kroner, to the French defense. The police in Madrid will also receive bulletproof vests from the Norwegian company.
– The contract we are now entering into helps us to develop as a company and not least ensure that Norwegian soldiers get the best equipment that it is possible to find, says chairman of the board Carl F. Sejersted Bødtker in NFM Group to the newspaper.
The company now plans to invest in machinery to expand production, which takes place in Norway, Poland and Ukraine.
– We have already invested NOK 10-15 million in new machines, and expect to invest an additional NOK 15-20 million in Norway. This is to increase the production capacity and automation of composite production in Norway, says Bødtker.
© NTB Scanpix / #Norway Today