• About
  • Contact
Monday, March 8, 2021
  • Login
No Result
View All Result
TUR
Advertisement
English Defence News
  • Home
  • News
    • Common News
    • Air Force and Air Systems
    • Land Forces and Land Systems
    • Navy and Marine Systems
  • Articles
  • Turkish Defence Industry Products
    • Land Platforms
      • Tracked Vehicles
      • Wheeled Vehicles
      • Special Vehicles
    • Ships
      • Warship
      • Amphibious Ships
      • Support Ships
      • Coast Guard and Patrol Boats
    • Aerospace
      • Unmanned Aerial Vehicles
      • Rotary-Wing
      • Fixed Wing Aircraft Systems
      • Space Systems
    • Radars and EW
      • Electronic Warfare Systems
      • Radars and Sensors
      • Jammers
    • Warfare and Electronic Systems
      • Avionic Systems
      • Command Control and Information Systems
      • Communication Systems
      • Simulators
    • Weapon Systems
      • Air Defense Systems
      • Light Weapons and Ammunition
      • Heavy Weapons and Ammunition
      • Missile & Rocket Systems
    • Supply and R & D Projects
  • Home
  • News
    • Common News
    • Air Force and Air Systems
    • Land Forces and Land Systems
    • Navy and Marine Systems
  • Articles
  • Turkish Defence Industry Products
    • Land Platforms
      • Tracked Vehicles
      • Wheeled Vehicles
      • Special Vehicles
    • Ships
      • Warship
      • Amphibious Ships
      • Support Ships
      • Coast Guard and Patrol Boats
    • Aerospace
      • Unmanned Aerial Vehicles
      • Rotary-Wing
      • Fixed Wing Aircraft Systems
      • Space Systems
    • Radars and EW
      • Electronic Warfare Systems
      • Radars and Sensors
      • Jammers
    • Warfare and Electronic Systems
      • Avionic Systems
      • Command Control and Information Systems
      • Communication Systems
      • Simulators
    • Weapon Systems
      • Air Defense Systems
      • Light Weapons and Ammunition
      • Heavy Weapons and Ammunition
      • Missile & Rocket Systems
    • Supply and R & D Projects
No Result
View All Result
English Defence News
Home General

Czech gunmaker CZG buys US’ Colt

by Kevser Taşlık
February 17, 2021
in General, News
0
Czech gunmaker CZG buys US’ Colt
0
SHARES
40
VIEWS
Share on FacebookShare on Twitter

The Czech-based Ceska Zbrojovka Group on Thursday bought US gunmaker Colt Holding and its subsidiary company, Colt Canada.

CZG will acquire a 100% stake in Colt for an upfront cash consideration of $220 million and an issuance of 1,098,620 shares of the newly issued CZG common stock.

The president and chairman of CZG, Lubomir Kovarik, said:

ADVERTISEMENT

“This deal is a strategic step for both companies. The acquisition of Colt, an iconic brand and a benchmark for the military, law enforcement and commercial markets globally, fits perfectly in our strategy to become a leader in the firearms manufacturing industry and a key partner for the armed forces. We are proud to include Colt, which has stood shoulder-to-shoulder with the U.S. Army for over 175 years. We believe in the successful connection of our corporate cultures and the proven performance of our current management team and the complementary nature of the CZ and Colt brands. The combined group will have revenues in excess of $500 million and presents a real small arms powerhouse.”

Colt has manufactured the M4 and M16 combat rifles, developed over the AR-15, for the US Army and many of its allies. UK Special Forces and paratroopers use Colt Canada’s L119A2 rifles, and Turkish Navy Special Operation Forces (SAT-SAS commando) use Colt’s M4 rifles. Colt Canada has provided the C8 (based on M4) and C7 (based on M16) series rifles for the Canadian, Danish and Dutch armies.

Today, many gunmakers have developed their own combat rifle model over the M4 or M16. Among the most well-known of these are the HK-416 and HK-417 combat rifles developed by the German Heckler & Koch.

Tags: ColtCZGrifles
Kevser Taşlık

Kevser Taşlık

Next Post
First live launch of Leonardo’s BriteCloud 218 decoy from Airbus target drone is a success, say German Armed Forces

First live launch of Leonardo’s BriteCloud 218 decoy from Airbus target drone is a success, say German Armed Forces

Please login to join discussion

Popular News

    • Trending
    • Comments
    • Latest
    Saudi Arabia produces Turkish Armed UAV as of 2021

    Saudi Arabia produces Turkish Armed UAV as of 2021

    July 14, 2020
    What happened to Turkey Leopard 2A4 modernization?

    What happened to Turkey Leopard 2A4 modernization?

    May 29, 2020
    Turnover of Turkish defense industry exceeds $10 billion for first time

    Turnover of Turkish defense industry exceeds $10 billion for first time

    July 25, 2020
    STM Kargu suicide UAV used in Fire Free-2020 drill

    STM Kargu suicide UAV used in Fire Free-2020 drill

    November 17, 2020
    Product Family of Sarsılmaz Grows With PMT Machineguns

    Product Family of Sarsılmaz Grows With PMT Machineguns

    2
    Tests for Early Warning Radar System begin

    Tests for Early Warning Radar System begin

    1
    On Turkish Navy and Aircraft Carrier

    On Turkish Navy and Aircraft Carrier

    1
    I Class Frigate

    First of I Class (Istif), TCG Istanbul will be launched by the end of 2020

    1
    NATO: “Turkey assumes the defence of the EU’s eastern flank”

    NATO: “Turkey assumes the defence of the EU’s eastern flank”

    March 8, 2021
    Israel’s nuclear facility construction activities continue

    Israel’s nuclear facility construction activities continue

    March 6, 2021
    Israeli Army’s new transport helicopter: CH-53K King Stallion

    Israeli Army’s new transport helicopter: CH-53K King Stallion

    March 2, 2021
    Israel announces to have started working on Arrow-4 anti-ballistic missile

    Israel announces to have started working on Arrow-4 anti-ballistic missile

    February 28, 2021

    Category

    • Aerospace Systems
    • Air Defense Systems
    • Air Force and Air Systems
    • Amphibious Ships
    • Articles
    • Coast Guard and Patrol Boats
    • Command Control and Information Systems
    • Common News
    • Communication Systems
    • Electronic Warfare Systems
    • Fixed Wing Aircraft Systems
    • General
    • Heavy Weapons and Ammunition
    • Jammers
    • Land Forces and Land Systems
    • Land Platforms
    • Light Weapons and Ammunition
    • Missile & Rocket Systems
    • Navy and Marine Systems
    • News
    • Radars and Electronical Warfare Systems
    • Radars and Sensors
    • Rotary-Wing
    • Simulators
    • Space Systems
    • Special Vehicles
    • Supply and R & D Projects
    • Support Ships
    • Tracked Vehicles
    • Turkish Defence Industry Products
    • Unmanned Aerial Vehicles
    • Warship
    • Weapon Systems
    • Wheeled Vehicles

    About Us

    Defense Turk produces news, articles, analysis and content related to the defense industry, especially the Turkish Defense Industry.

    • About
    • Contact

    © 2017- 2020 @ Defence Turk

    No Result
    View All Result
    • Login
    • TUR
    • Home
    • News
    • Articles
    • Turkish Defence Industry Products
      • Land Platforms
        • Tracked Vehicles
        • Wheeled Vehicles
        • Special Vehicles
      • Aerospace Systems
        • Fixed Wing Aircraft Systems
        • Rotary-Wing
        • Unmanned Aerial Vehicles
        • Space Systems
      • Ships
        • Amphibious Ships
        • Coast Guard and Patrol Boats
        • Support Ships
        • Warship
      • Radars and Electronical Warfare Systems
      • Warfare and Electronic Systems
      • Weapon Systems
      • Supply and R & D Projects

    © 2017- 2020 @ Defence Turk

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms below to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In