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Dagens Industri

Wallenberg's FAM Explores New Ammunition Factory in Sweden

The Wallenberg family's unlisted power company FAM is planning for Swedish ammunition production and is conducting a feasibility study in a new limited company, called Verkan, which has been started for the purpose, reports Dagens Industri. "We are looking into the possibility of building ammunition production for the Swedish defence and Sweden's allies", writes FAM's CEO Håkan Buskhe, formerly CEO of the defence group Saab, in an SMS to the newspaper, and adds that the production, if it happens, will take place in Sweden.
Wallenberg's FAM Explores New Ammunition Factory in Sweden
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