Raufoss, Norway, Nov. 3, 2014 (GLOBE NEWSWIRE) -- Inc. magazine has ranked Nammo Composite Solutions number 3,085 on its 33rd annual Inc. 500|5000 list, an exclusive ranking of the fastest growing companies in America. The annual Inc. 500|5000 calculation is based on revenue growth between 2010 and 2013. The average company on the list achieved a three-year growth of 516%. This achievement places Nammo Composite Solutions among notable companies that over the years have included Microsoft, Vizio, Intuit, Chobani, and Oracle.
Based in Salt Lake City, Utah Nammo Composite Solutions has more than 20 years of experience in the design and manufacture of advanced composite structures for commercial, industrial, aerospace and military applications. The company's growth resulted from new defense products including missile cases, ammunition canisters, and UAV structures.
The ability to recognize and capture diverse opportunities reflects the agile and entrepreneurial spirit of the Salt Lake City site. The recently completed 23,000 square foot building expansion in conjunction with ongoing investments will serve to facilitate the company's continued growth in the marketplace.
"Our success comes directly from the spirit of innovation our people bring to work every day. The team's ability to think differently and seek solutions beyond our current manufacturing toolbox is essential to our innovation strategy" said Brian Lundy, Nammo Composite Solutions President. "It is passion and determination like theirs that propels Nammo Composite Solutions into the future."
The 2014 Inc. 5000, unveiled in the September issue of Inc. is available on newsstands until November 30th. Complete results of the Inc. 500|5000, including company profiles and an interactive database can be found at www.inc.com/inc5000/list/2014.
For more detailed information, please contact:
Nammo Composite Solutions
Tel: +1 (801) 350-6120
The Nammo Group is a high-tech company and supplier to the aerospace and defence industry. Its core business is in development, production and sale of military and sports ammunition, shoulder-launched weapon systems, rocket motors for space and military use and global services involving eco-friendly demilitarisation. Nammo has 2,200 employees with offices in 9 countries including 22 factories.
Source: Nammo AS