RAUFOSS, Norway, Nov. 29 (UPI) -- Norway's Nammo Raufoss AS has signed a development contract for ammunition for the F-35 Lightening II fighters it is buying.
The contract from the Norwegian Defense Logistics Organization for 25mm APEX ammunition and associated training ammunition is worth $10.7 million. Nammo will also provide $3.5 million for the project, which is expected to be completed by the end of 2012.
Nammo started developing APEX ammunition in 2005. The company said when it is fully developed it will have a higher rating than any other aircraft ammunition on the market.
APEX, or Armor Piercing Explosive, is designed to be effective against both light and armored targets. The company said the round is fitted with a Tungsten Carbide Penetrator and the shell body is filled with an explosive.
It can used against both air and ground targets and represents a more viable alternative for countries that continue to use aircraft ammunition that contains depleted uranium, the company said.
"The technology used in APEX ammunition has, in itself, significant industrial potential and is expected to make a substantial contribution to Nammo's future product range," said Edgar Fossheim, president and chief executive officer of the Nammo Group. "We are extremely satisfied with the collaboration with the Norwegian Armed Forces in respect of the development of APEX."