Top 5 Ammunition startups

Updated: Jul 24, 2025
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These companies manufacture and improve military ammunition, including precision-guided munitions, armor-piercing rounds and programmable airburst shells.
1
Sweden Ballistics
Country: Sweden | Funding: €3M
SWEBAL is building a TNT production plant in Northern Europe, creating critical infrastructure for European defense. The startup plans to begin construction in 2026 and reach full capacity by 2028, achieving production of up to 4,500 metric tons of TNT per year. The plant will produce 2,4,6-trinitrotoluene, used in artillery shells, rockets and missiles, drones, grenades and mortars.
2
Elbit Systems
Country: Israel | Funding: $812M
Elbit Systems develops, manufactures, and integrates defense electronics and electro-optic systems for customers.
3
Deftak
Country: Ukraine | Funding: €600K
Deftak is a Ukrainian-Estonian defense technology startup specializing in the development of next-generation ammunition for drones. Deftak is developing a new type of weapon that integrates with any unmanned aerial vehicle platforms.
4
Vinveli
Country: India | Funding: $20K
Vinveli manufactures some of the world’s most capable firearms and defence equipment and Radio Frequency based anti-drone systems
5
Meggitt Defense Systems
Country: USA
Meggitt Defense Systems specializes in the design, development, integration, production, and support of defense systems.
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Bruce Makowsky
Editor: Bruce Makowsky
Bruce Makowsky has covered military, cyber and IT news since 2009, with a focus on U.S. Navy and Marine Corps operations, acquisition programs and budgets. In particular he worked for Inside Defense. Bruce holds a Master of Science degree in journalism from Boston University. Bruce is also an award-winning photographer, renowned for his captivating images that have earned him numerous accolades and widespread recognition in the photography community. You can contact Bruce at makowsky(at)militarystartups(dot)com