The topic of this essay is whether the private owned ammunition factory Norma Projectile AB was a part of a war economy system from 1938 to 1943. This is done by analyzing specific documents from the company´s archives that expose the connection with Swedish authorities. The selection and analysis of these documents are based on four main criteria’s of the concept war economy. These criteria’s are based on Ivan T. Berends texts about war economy. The results show that the factory to some extent was a part of a war economy based on these four criteria’s. However, the answer to the questions is a bit more nuanced. By nuanced I’m referring to the company’s independence towards the state. By the end of this essay there is a more detailed discussion on this subject.