Modirum Defence and Gespi Announce Strategic Investment in 155mm Ammunition Production

3 October 2024

Helsinki, Finland

Following the recent acquisition of a majority stake in Latin American defence manufacturer Gespi, Modirum Defence is excited to announce a significant investment in Gespi’s manufacturing facilities. This strategic move will enhance production capabilities, focusing on the development of high-quality, NATO standard, 155mm ammunition, a critical asset for modern military operations.

Beginning in April 2025, Modirum and Gespi will commence with regular, steady monthly volume production of 155mm ammunition. This expansion addresses the growing global demand for precision and high-capacity ordnance, with plans to further scale production volumes based on market needs. This investment highlights Modirum | Gespi’s commitment to enhancing military readiness and securing robust supply chains for defence forces worldwide.

Strengthening Modern Defence Capabilities

The 155mm artillery ammunition is essential for contemporary military strategies, providing significant long-range firepower and battlefield superiority. Modirum Defence’s investment reflects a dedication to delivering solutions that align with the evolving demands of modern armed forces. By accelerating the production plan, Modirum Defence demonstrates a proactive approach in enhancing its defence capabilities and ensuring a reliable supply of this highly demanded product on the international market.

Elias Silvola, CEO of Modirum Defence, stated: “This strategic investment in NATO standard 155mm ammunition production marks a significant milestone in our growth journey. By expanding our production capabilities, we reinforce our role as a key player in the global defence industry. More importantly, we are committed to ensuring a secure supply of high-quality, precision ammunition for defence forces globally.”

João B. Scarparo, CEO of Gespi added, “We are thrilled to see our partnership with Modirum Defence already translating into significant investments in our joint production capabilities. This collaboration allows us to expand our portfolio with advanced technologies and launch new products that meet the evolving demands of the defence market, ensuring we deliver innovative solutions that address our customers’ critical needs.”

Jussi Tammelin, EVP Nordics at Modirum Defence, added: “Gespi has long been recognized for its high-quality ammunition manufacturing. The expansion into 155mm artillery ammunition marks a significant and strategic development, further enhancing Gespi’s already broad and diverse portfolio. Our focus is on delivering ammunition that meets NATO standards and surpasses market expectations. We are also actively exploring advanced technologies to improve the precision and effectiveness of our 155mm ammunition, such as innovations in fuse technologies and enhancements to the targeting systems.”

Strategic Growth and Expanded Portfolio

This investment follows Modirum Defence’s acquisition of Gespi, positioning the company as a global leader in the growing defence sector with the capability to deliver end-to-end solutions for customers worldwide. By integrating its advanced mission-critical AI solutions with Gespi’s military hardware manufacturing expertise, Modirum Defence continues to expand its portfolio of defence technologies. This growth strengthens the company’s role as a key provider of complete, cutting-edge defence solutions, from innovative ammunition production to advanced AI-driven systems.


About Modirum Defence

Modirum Defence is part of Modirum Group, a multinational company specialising in technology solutions for global Defence, Telecommunications, Critical Communications, Government, and Banking sectors. Modirum Defence is a leading technology company developing advanced solutions for modern defence challenges. With operations in Finland, the USA, UK, and the Middle East, Modirum Defence is dedicated to advancing Europe’s leadership in defence technology and ensuring the highest standards of security and reliability.

Learn more about our solutions here and follow us on LinkedIn and YouTube.

About Gespi

With a rich 50-year history, headquartered in São José dos Campos, Brazil, Gespi has become an emblematic figure in Latin America’s defence industry and has been classified as a Strategic Defence Enterprise (SDE) by the Brazilian Ministry of Defence, as a supplier of critical products to the Brazilian Armed Forces. The company manufactures a diverse range of products, including heavy munitions, rockets, rocket launchers, aerial and general-purpose bombs, border patrol boats, and other military platforms. Gespi’s extensive experience in serving armed forces and government agencies, coupled with its expertise in developing specialized products for defence and public security, highlights its commitment to security, innovation, and excellence.

Learn more about Gespi here and follow on Linkedin and Instagram.

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For further information, please contact:

Elias Silvola, CEO, Modirum Defence

elias.silvola@modirumdefence.com

+358 40 581 4433

Media Contacts

João B. Scarparo, CEO, Gespi

scarparo@gespi.com.br

Media Contacts

Jussi Tammelin, EVP Nordics, Modirum Defence

jussi.tammelin@modirumdefence.com

+358 50 574 6570