They seem to be expanding at a rapid clip. Hope they're not overextending.
"Prague (January 3, 2024) ― Colt CZ Group SE (“Colt CZ”, the “Group” or the “Company”) hereby announces that it acquired intellectual property rights for the Mk 47 automatic grenade launcher from General Dynamics Ordnance and Tactical Systems (“GD-OTS” or “General Dynamics”).
Colt CZ Group, through its subsidiary Colt, has acquired ownership of the Mk 47 40mm Advanced Lightweight Grenade Launcher system, including the Fire Control, from General Dynamics Ordnance and Tactical Systems (GD-OTS). The Mk 47 is a reliable, portable 40mm grenade launcher suited for light infantry vehicles and tripod applications. This weapon system provides the warfighter with a decisive technological advantage over enemy forces equipped with older crew-served weapons.
“This acquisition expands Colt CZ Group’s offerings into the segment of larger and more sophisticated weapon systems and crew-served platforms. The acquisition of this highly capable weapon system is fully in line with our Group’s mission to provide innovative and high-quality products that our customers can rely on in any situation. Also, it will nicely complement the efforts our subsidiary swissAA has in the production of 40mm grenades,” said Jan Drahota, CEO and Chairman of the Board of Directors of Colt CZ Group."
https://www.thefirearmblog.com/blog/...uncher-system/
Reply With Quote
Bookmarks