The origin of RUAG Ammotec can be traced back to the Eidgenossische Munitionsfabrik established by the Swiss Confederation in Thun in 1863. In 1995, this was merged with another Swiss firm, Munitionsfabrik Altdorf to form the Schweizerische Munitionsfabrik (SM), following which expansions and reorganization occurred rapidly. In 1999, RUAG Holding was formed to incorporate SM; the name changed to RUAG Munition in 2001. The small arms ammunition sector of Dynamit Nobel was acquired in 2002, leading to the….