The Global Large Caliber Ammunition Market was valued at USD 436.3 million in 2022 and is projected to reach USD 549.4 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.3% during the forecast period (2023–2029). This growth is driven by increasing military modernization programs, geopolitical tensions, and rising defense budgets worldwide.

As nations prioritize military readiness and advanced warfare capabilities, demand for large caliber ammunition continues to escalate. In this blog, we profile the Top 10 Companies in the Large Caliber Ammunition Industry—a suite of defense contractors and arms manufacturers shaping global military firepower.

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🔟 1. BAE Systems

Headquarters: London, United Kingdom
Key Offering: 120mm Tank Ammunition, 155mm Artillery Shells

BAE Systems is a global defense leader with extensive capabilities in large caliber munitions production. The company supplies armed forces across NATO countries and allied nations with advanced armor-piercing and high-explosive rounds.

Recent Developments:

• Won $143M U.S. Army contract for 155mm ammunition (2023)
• Developing next-generation smart artillery munitions

Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/201180/large-caliber-ammunition-market-2023-2030-145

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9️⃣ 2. Northrop Grumman (Orbital ATK)

Headquarters: Falls Church, Virginia, USA
Key Offering: 30mm, 105mm, 120mm ammunition

Following its acquisition of Orbital ATK, Northrop Grumman has become a dominant force in large caliber ammunition production. The company operates one of the U.S. military’s primary ammunition manufacturing facilities.

Recent Developments:

• Producing advanced multipurpose rounds for Abrams tanks
• Investing $50M in ammunition production capacity expansion

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8️⃣ 3. General Dynamics Ordnance and Tactical Systems

Headquarters: St. Petersburg, Florida, USA
Key Offering: Tank, naval, and artillery ammunition

General Dynamics provides critical ammunition solutions to U.S. and allied forces, with specialty in medium and large caliber projectiles that meet stringent military specifications.

Recent Developments:

• Key supplier for M1A2 Abrams tank ammunition
• Developing environmentally friendly training rounds

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7️⃣ 4. Nammo AS

Headquarters: Raufoss, Norway
Key Offering: 120mm smoothbore, 155mm artillery

This Nordic defense company specializes in NATO-standard ammunition with advanced penetration capabilities. Nammo supplies over 30 countries and jointly develops ammunition with U.S. partners.

Recent Developments:

• Partnership with U.S. Army for next-gen tank rounds
• Expanding production capacity in Norway and U.S.

Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/201180/large-caliber-ammunition-market-2023-2030-145

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6️⃣ 5. Rheinmetall AG

Headquarters: Düsseldorf, Germany
Key Offering: 120mm, 130mm tank ammunition

Rheinmetall is Europe’s premier defense technology group, producing some of the world’s most advanced tank ammunition. Its DM series armor-piercing rounds set industry standards.

Recent Developments:

• Developing 130mm gun system with future tank rounds
• Massive ammunition orders from German Bundeswehr

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5️⃣ 6. Nexter Systems (KNDS)

Headquarters: Versailles, France
Key Offering: 105mm, 120mm, 155mm munitions

Nexter is France’s leading ammunition manufacturer, supplying the French military and export customers. The company specializes in tank and artillery rounds with advanced penetration capabilities.

Recent Developments:

• Won contract to supply 120mm rounds for Leclerc tanks
• Partnering with German firms on next-gen ammunition

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4️⃣ 7. Poongsan Corporation

Headquarters: Seoul, South Korea
Key Offering: 105mm, 120mm tank ammunition

Poongsan is South Korea’s primary ammunition producer, supplying the country’s armed forces and exporting to global markets. The company specializes in armor-piercing fin-stabilized discarding sabot (APFSDS) rounds.

Recent Developments:

• Exporting tank ammunition to Middle East and Asia
• Expanding production for K2 Black Panther tank

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3️⃣ 8. Zavod Plastmass

Headquarters: Perm, Russia
Key Offering: 125mm tank ammunition

This Russian defense enterprise specializes in ammunition for Soviet/Russian-designed tanks and artillery systems. It plays a crucial role in supplying Russian military operations.

Recent Developments:

• Scaling production volumes for Russian Defense Ministry
• Developing new armor-piercing variants for T-90 tanks

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2️⃣ 9. China North Industries Group Corporation (NORINCO)

Headquarters: Beijing, China
Key Offering: 125mm, 155mm ammunition

NORINCO is China’s state-owned defense conglomerate and primary producer of large caliber ammunition. The company supplies the People’s Liberation Army and export markets.

Recent Developments:

• Exporting to Middle East, Africa, and Asia
• Developing next-gen tank rounds for Type 99 tanks

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1️⃣ 10. Day & Zimmermann

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: 105mm, 120mm, 155mm rounds

Day & Zimmermann operates the U.S. Army’s largest ammunition plant (Lone Star), producing critical munitions for American and allied forces. The company specializes in artillery and tank ammunition.

Recent Developments:

• Major contracts for 155mm artillery production
• Modernizing production lines to meet Ukraine demand

Get Full Report Here: https://www.24chemicalresearch.com/reports/201180/large-caliber-ammunition-market-2023-2030-145

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🌍 Outlook: The Evolving Landscape of Large Caliber Ammunition

The large caliber ammunition market is experiencing heightened demand as global military expenditures reach record levels. While traditional munitions remain crucial, defense forces are investing in smarter, more lethal ammunition solutions.

📈 Key Trends Shaping the Market:

• Rising defense budgets in U.S., Europe, and Asia-Pacific
• Increased demand from conflict zones including Ukraine
• Development of guided large caliber munitions
• Modernization programs for main battle tanks and artillery

Get Full Report Here: https://www.24chemicalresearch.com/reports/201180/large-caliber-ammunition-market-2023-2030-145

The companies listed above are not only supplying critical defense capabilities—they’re driving innovation in lethality, precision, and reliability for modern armed forces.