On 27 March 2023, the Finnish and Swedish Defence Forces signed a framework agreement for a joint range of firearms with Sako Ltd at the Sako factory in Riihimäki.
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.
The total economic impact of the firearm and ammunition industry in the United States increased to $80.73 billion in 2022 from $19.1 billion in 2008, a 322 percent increase, while the total number of full-time equivalent jobs rose to over 393,696 from approximately 166,000, a 136 percent increase in that same period, according to a report released by the NSSF, The Firearm Industry Trade Association.
FN Browning Group, parent company of FN Herstal and Browning, has announced exclusive negotiations to acquire the French company Sofisport, a global leader in the production of shotshells and shotshell components for hunting and sport.
Global Ordnance, LLC, a leader in the defense and commercial firearms industries, is excited to announce a new partnership with RSR Group, Inc., one of the largest distributors in the shooting sports industry.
Hermann Historica, the German auction house, has a variety of exciting firearms on offer, Gun Trade World picks out its favorites from the huge collection of historic weapons.
Gridiron Capital, an investment firm known for partnering with founders, entrepreneurs, and management teams, has announced a definitive agreement to sell its controlling interest in Good Sportsman Marketing Outdoors ("GSM Outdoors") to Platinum Equity.