Sweden's defense ministry orders $525M in ammo from Rheinmetall, Nammo

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Sweden finalized defense contracts totaling more than 5 billion crowns ($525 million) with Germany's Rheinmetall (OTCPK:RNMBF) (OTCPK:RNMBY) and Norway's Nammo to bolster its artillery ammunition supply, the Swedish defense ministry announced Tuesday.

"With this order, we are strengthening Sweden's defense capability. It