Tag: corporate

[BREAKING] [SHOT 2018] Weatherby to Leave California, Move to Wyoming

In a surprise announcement at the 2018 SHOT Show, gunmaker Weatherby revealed that they will be leaving the state of California, where they have been based since their founding in 1945. The company’s new home will be Sheridan, Wyoming, the sixth largest city in [Read More…]

Sharps

Are Long Range Infantry Calibers Just Marketing Smoke and Mirrors?

With the recent push for small arms ammunition with increased range, power and capability, are military customers in danger of being taken for a ride by industry marketeers working to sell rifles in new calibers? Is the primary driving force behind new infantry [Read More…]

Lake City to Come Under New Management? – Northrop Set to Buy Orbital ATK

Orbital ATK, the defense contractor who manages and operates the Lake City Army Ammunition Plant, will soon be bought by defense giant Northrop Grumman, according to an article released on Reuters. The purchase price is expected to be close to $8 billion USD. From [Read More…]

HK HEAD FIRED: Heckler & Koch Chair and CEO Norbert Scheuch Forced Out

According to a press release issued earlier today by Heckler & Koch, the Chairman of the Executive Board and Chief Executive Officer of parent company H&K AG Norbert Scheuch has been terminated from his position by the supervisory board. The release also stated [Read More…]

HK HUNDREDS OF MILLIONS IN DEBT: German Firm Heckler & Koch Reportedly €170 MILLION in the Red

Via a press release published earlier this month, German gunmaker Hecker & Koch announced it had reduced its financial debt to a mere €170 million (~$194 million US), thanks to an equity increase of €50 million via a capital shares increase. With this, the [Read More…]

BREAKING: Federal Premium Ammunition Lays Off 110 Workers at Anoka Federal Premium Plant, Cancels State Funding Incentives

The post-election gun industry downturn has hit Federal Premium Ammunition, which laid off a significant number of its employees earlier this month. 110 of the roughly 1400 workers at the company were let go from the company’s Anoka, Minnesota plant, the company [Read More…]