Colt CZ Group SE has acquired intellectual property rights for the Mk 47 automatic grenade launcher from General Dynamics Ordnance and Tactical Systems (“GD-OTS” or “General Dynamics”).
Banshee Brands Inc. has partnered with Italian firearms manufacturer Breda to import, market, and provide sales support into the US market for its portfolio of hunting, competition, sport, and defensive shooting products.
Pro-Shot™, a worldwide industry leader in American-made firearms maintenance, cleaning, and shooting targets has announced the acquisition of LockOn® Target from its founder, Tom Ervin.
The Fiocchi Group, a manufacturer of small-caliber ammunition, which is majority-owned by the industrial-technology group CSG, has a new CEO. David Štěpán, CSG's Investment Director for Foreign Projects, who temporarily managed the Fiocchi Group in the first year after the acquisition, is being replaced by Paolo Salvato.
Vista Outdoor Inc. (NYSE: VSTO) announces that its Board of Directors (the “Vista Outdoor Board”), following consultation with its financial and legal advisors, has rejected what it descibes as "the unsolicited proposal" received on November 22, 2023 from Colt CZ Group SE (“Colt CZ”) to combine Colt CZ and Vista Outdoor (the “Colt CZ Proposal”).
French manufacturer, Verney-Carron, the oldest arms manufacturer in the country and a subsidiary of Cybergun Group, has signed a framework contract with the Ukrainian state-owned company Ukrspecexport for a record amount of €36 million.
IWA has announced that the future of the German Pavilion at SHOT Show in Las Vegas, US, is secure despite German ministry fund withdrawal. For 2024 the area has been rebranded as the IWA Pavilion, attracting interest from outside of Germany.
The U.S. Department of Commerce has temporarily suspended the issuing of new export licences. The halt in export licenses will take place for around 90 days.
C&H Precision, a renowned provider of firearm accessories and precision machining services, has announced its strategic acquisition of Paragon Weapon Light Cleaner, a distinguished manufacturer of premium firearm maintenance products based in Florida.