Heckler & Koch (Germany) In Dire Financial Straits

    Germany newspaper Die Welt reports that Heckler & Koch (Germany) have more debts than they have assets and they have been unable to cover the cost of interest payments on their debts. Their debts are 7.2 million euroes greater than their assets.

    As best as I can make out (technical articles don’t translate well with Google Translate), the companies debts have been restructured and new large military contracts will allow the company to begin reducing their debt levels, although it sounds like the company is a long way off giving its investors a decent return on their investments.

    This situation is unlikely to have any effect on H&K-USA.

    Many thanks to Philip for the tip.

    Steve Johnson

    I founded TFB in 2007 and over 10 years worked tirelessly, with the help of my team, to build it up into the largest gun blog online. I retired as Editor in Chief in 2017. During my decade at TFB I was fortunate to work with the most amazing talented writers and genuinely good people!