Nammo Will Supply the Warheads for Heaviside's Autonomous Munitions
Heaviside's $60 million Series B came with a warhead-supply agreement from Nammo, the Norwegian maker with 27 production sites. The startup still has no named program and no delivery date.
A three-month-old startup gets an established warhead line; what it does not yet have is a named customer program or a delivery date.
Heaviside Industries named Nammo the warhead supplier for its autonomous precision munitions on Aug. 12, the same day it announced a $60 million Series B led by Felicis. The Los Angeles company said the round values it at $600 million, three months after it left stealth. Neither party disclosed a contract value, quantities or a delivery schedule for the warheads.
Frequently Asked Questions
What did Heaviside and Nammo agree?
Heaviside said on Aug. 12 that Nammo will serve as the warhead supplier for its multi-domain precision munitions platforms. No contract value, quantity or delivery date was disclosed.
How much did Heaviside raise?
A $60 million Series B led by Felicis, with Hedosophia, Menlo Ventures, Cantos and others participating. Heaviside said the round values it at $600 million.
What does Heaviside build?
Autonomous precision munitions for air, land and sea, including a forthcoming TYR aerial munition, per Defense Daily. The company says the systems are designed for GPS-denied and jammed environments.
Who are Heaviside's customers?
CEO Phillip Walker told Tectonic Defense in May that U.S. and NATO special forces and conventional units in several countries were testing the munitions. No program of record or contract has been named.
What is still unknown?
Production volume, warhead quantities, any exclusivity or minimum terms, the U.S. site Heaviside plans to add, and the date of a first Nammo-armed delivery. Nammo has not issued its own statement.
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Marcus Schuler
Marcus Schuler edits BattlePolicy, a daily defense-technology brief connecting the companies and capabilities behind modern war to the contest among Europe, the US, Russia, and China.