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True Velocity, FN America Announce Global Manufacturing Partnership On Lightweight Medium Machine Gun

FN AMERICA’S MACHINE GUN MANUFACTURING PROWESS BOLSTERS TRUE VELOCITY’S INNOVATIVE WEAPON SOLUTION TO BRIDGE BATTLEFIELD PERFORMANCE GAP

GARLAND, Texas, June 18, 2024 — Texas-based ammunition and weapon system manufacturer TV Ammo, Inc. (“True Velocity”) and FN America, LLC (“FN America”), a global leader in the development and manufacture of military small arms, have announced a strategic licensing and manufacturing partnership for the production of True Velocity’s .338 Norma Lightweight Medium Machine Gun for U.S. and Allied military units.

The partnership positions FN America as a primary manufacturer of True Velocity’s .338 Norma machine gun, a recoil-mitigated weapon system designed to provide warfighters with range and terminal performance similar to that of the century-old .50-caliber M2 machine gun in a lightweight, functional profile comparable to that of the ubiquitous M240 machine gun also manufactured by FN America.

“True Velocity’s .338 machine gun will change the battlefield for our warfighters. We are thrilled that FN will join with us so we can equip U.S. and Allied militaries with this combat advantage,” said True Velocity President and Chief Intellectual Property Officer Craig Etchegoyen. “It very quickly became clear that FN is a world-renowned, reliable, and respected manufacturer of innovative machine guns, and we’re excited for them to join our mission.”

A lightweight machine gun solution chambered for the .338 Norma cartridge has been a focal point of requirements emerging from the U.S. Department of Defense and Allied militaries in recent years. In March 2024, the United States Department of Defense selected True Velocity’s .338 Norma Lightweight Medium Machine Gun for continued evaluation in a military program aimed at fielding a weapon system that would bridge the performance gap between the .50-caliber M2 machine gun and the M240 machine gun chambered for 7.62x51mm NATO. The combination of True Velocity’s recoil-mitigated .338 Norma Lightweight Medium Machine Gun and its advanced, lightweight composite-cased ammunition provides a turn-key combat solution capable of enhanced controllability, maximized maneuverability, and extreme precision at extended range.

“FN America is extremely excited to partner with True Velocity on this effort to deliver the next medium machine gun to the U.S. military,” said Mark Cherpes, President and CEO for FN America, LLC. “Both companies share that drive and desire to innovate and deliver game-changing technology to the warfighter. This has produced a really great team environment on this effort.”

Incorporating proprietary “impulse-averaging recoil mitigation” technology, True Velocity’s .338 Norma machine gun delivers a 300-grain projectile with enhanced range and precision, while optimizing controllability and maintaining a profile similar to that of the M240 belt-fed machine gun, which is chambered for the smaller, less energetic 7.62x51mm cartridge.

“True Velocity’s lightweight medium machine gun submission is the product of more than a decade of continued innovation and rigorous evaluation,” said True Velocity Senior Executive Vice President of Sales Kevin Sims. “This weapon system delivers unprecedented tactical and operational capabilities to our American warfighters. The sooner we bring it to the battlefield, the better.”

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