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Archive for the ‘Industry’ Category

Fortem Technologies Partners with INTRA Defense Technologies to Offer Advanced C-UAS Solutions in Saudi Arabia

Friday, February 9th, 2024

PLEASANT GROVE, Utah (February 6, 2024) – Fortem Technologies, the leader in airspace intelligence, security, and defense for detecting and defeating dangerous drones, today announced its partnership with INTRA Defense Technology, a Saudi company leading in development, design, and manufacturing of Autonomous Systems and Advance Technologies. Together, the companies will leverage their technology and expertise to engineer, manufacture, and market advanced solutions against UAS threats in Saudi Arabia.

Saudi Arabia is a strategically important market for Fortem Technologies. With the threat of drones increasing, this partnership will allow both companies to scale the building of new products and solutions and integration of existing technology into evolving C-UAS market offerings.

“Fortem Technologies has been looking for ways to venture beyond its current markets, and the Kingdom of Saudi Arabia is focusing on expanding its production of air defense systems,” commented Jon Gruen, CEO of Fortem Technologies. “We are honored to have a strong local partner like INTRA Defense Technologies join forces with Fortem to produce and distribute cutting-edge C-UAS solutions in Saudi Arabia.” 

Fortem offers leading C-UAS technology, providing both hardware and software solutions for entities looking to detect, track, identify and defeat/mitigate potential threats.

“Recognizing the escalating UAV threats in the region, and drawing upon our expertise in developing, manufacturing, and maintaining UAV systems, we’re partnering with Fortem Technologies, renowned for their specialized Counter-Unmanned Aircraft Systems solutions. Together, we blend our UAV knowledge with their C-UAS proficiency to fortify our region’s defenses comprehensively,” commented Dr. Hamad Alfouzan, CEO of INTRA Defense Technologies.

 

C&H Precision Family of Companies Names Patrick Kisgen President

Wednesday, February 7th, 2024

RICHMOND HILL, Ga. – February 7, 2024 – C&H Precision, a leading provider of pistol-mounted red dots, precision-made red dot pistol adapters and slide milling, proudly announces the appointment of Patrick Kisgen as the President of the company. Formerly the Vice President of Sales at Daniel Defense, Kisgen brings a wealth of experience and a proven track record of success in the firearms industry.

As the newly appointed President, Patrick Kisgen will play a key role in steering the strategic direction of C&H Precision and overseeing its operations in Richmond Hill, GA. With a strong background in sales, business development, and leadership, Kisgen is well-positioned to drive growth and innovation within the organization.

Buck Holly, CEO of C&H Precision Family of Companies, expressed confidence in Kisgen’s ability to lead the company to new heights. “We are thrilled to welcome Patrick Kisgen to the C&H Precision family. His extensive experience and leadership skills make him the ideal candidate to guide our company through its next phase of expansion and development. We believe his strategic vision and industry knowledge will contribute significantly to our continued success.”

Patrick Kisgen’s career in the firearms industry spans several decades, during which he has built a reputation for fostering strong relationships with clients and stakeholders. His tenure as the Vice President of Sales at Daniel Defense showcased his ability to drive revenue growth and implement effective sales strategies.

“I am honored to join C&H Precision and lead this dynamic team,” said Patrick Kisgen. “C&H Precision has a well-established reputation for excellence in manufacturing precision components and firearms. I look forward to collaborating with the talented individuals within the organization to continue delivering high-quality products and expanding our market presence.”

C&H Precision is known for its commitment to quality, innovation, and customer satisfaction. The appointment of Patrick Kisgen as President marks a significant milestone in the company’s journey to reinforce its position as an industry leader.

For more information on C&H Precision visit www.chpws.com. You can also find C&H on Facebook, Instagram, and YouTube

WATCHTOWER Firearms Joins Forces with Pro-2nd Amendment Advocate Steven Crowder and Free Speech Platform Rumble

Tuesday, February 6th, 2024

SPRING, TX (Feb 5, 2024) — WATCHTOWER Firearms, “The Next Great American Firearms Company,” is excited to announce an exclusive rifle partnership with The Louder with Crowder Show hosted on Rumble, the rapidly growing streaming platform known for its commitment to free speech. This collaboration aligns WATCHTOWER Firearms with one of the leading programs on a platform that champions open dialogue in today’s censorious media landscape.

“Louder with Crowder,” founded and hosted by Steven Crowder, a staunch supporter of the 2nd Amendment, streams his popular show on Rumble. Rumble offers creators a free speech platform that creators have recently been flocking to having abandoned big brother media platforms that shadow ban and cancel creators with opinions that differ from the mainstream. Crowder’s significant influence, reflected in his substantial social media following, and exclusive “Mug Club” community, makes this partnership particularly impactful.

Jason Colosky, CEO of WATCHTOWER Firearms, noted, “We’re thrilled to partner with Steven Crowder. His dedication to the 2nd Amendment and free speech perfectly aligns with our values at WATCHTOWER. This partnership will significantly enhance our awareness and engagement with an audience that values freedom and the right to bear arms.”

Gerald Morgan Jr., CEO of Louder with Crowder, remarked, “Our alliance with WATCHTOWER Firearms is a testament to our shared principles. We are committed to promoting the rights guaranteed by the 2nd Amendment and are delighted to bring our audience a sponsor that stands with us in this commitment.”

This partnership brings together like-minded individuals under the banners of freedom, world-class firearms, and award-winning content.

For more information, please contact WATCHTOWER Firearms, Karen Lutto (804) 539-6699 or email [email protected].

Heather K. Armentrout Appointed Head of Kongsberg Defence & Aerospace Inc in the US

Monday, February 5th, 2024

Experienced industry executive Heather K. Armentrout has been appointed US President and General Manager of Kongsberg Defence & Aerospace Inc., representing the Norwegian defence contractor’s activities in the United States. Ms Armentrout joins Kongsberg from Northrop Grumman, where she has held several senior leadership positions.

She also brings to KDA knowledge of how think tanks inform US policy from her time as the intelligence fellow at the Council on Foreign Relations in New York, and more than a decade of experience at the Central Intelligence Agency (CIA).

“I am very pleased to have recruited such a strong leader to head up our US company,” said Eirik Lie, president of Kongsberg Defence & Aerospace. “Heather has had a unique career, combining experiences from Northrop Grumman, academia, and the CIA to make her an accomplished international affairs executive as well as a strategic, global defense industry leader.”

Heather joined Northrop Grumman in a government relations role, leveraging her experience from a joint-duty assignment in the US Senate during her tenure at the CIA. Heather has extensive knowledge of military acquisition and the global security environment. Her subsequent assignments have involved strategic investment in technology to align Northrop Grumman’s solutions with the Department of Defense’s future needs. Most of her assignments have involved strategy to expand Northrop Grumman’s presence in international markets.

“I am very excited to join Kongsberg Defence & Aerospace at a critical time for the global defence industry. I know the company as a strong niche player that has been traditionally focused on its home market, but with growing international success in recent years,” said Heather K. Armentrout. “The portfolio of products is well-suited outside Norway, which forms a good platform for future growth. The innovation Kongsberg represents is welcomed by US authorities and armed forces, and I look forward to building on that,” she added.

In her new role, she will deploy her vast experience from one of the world’s leading defence contractors, but she also sees commonalities with her work at the CIA. “There are many relevant experiences from my old assignments. The ability to consume vast amounts of information, evaluate and condense it, and then make it actionable, is one example. There is also commonality in the mission – which is to secure the US and its allies with the best tools available,” she adds.

“We really look forward to welcoming Heather to lead the strong KDA US team. Heather will build the organization to support our rapidly growing ambitions in the US,” said Kjetil Reiten Myhra, executive vice president, Integrated Defence Systems and chairman of the US entity.

Heather K. Armentrout has a Master’s degree in Security Studies and a Bachelor’s degree in Foreign Service, both from Georgetown University. She assumes her role on February 5, and is based in Alexandria, VA.

PWS and Lone Wolf Arms Welcome Justin Raney as New Director of Sales

Monday, February 5th, 2024

Justin Raney joins Primary Weapons Systems and Lone Wolf Arms as new Director of Sales, bringing years of industry experience and passion for the brands.

BOISE, Id. February 2, 2024 – Vigilant Gear Holdings is proud to welcome Justin Raney as new Director of Sales for both Primary Weapons Systems (PWS) and Lone Wolf Arms. Justin brings with him 16 years of experience within the firearms industry, with a primary focus on the tactical side of the market. Justin has been involved in sales, manufacturing and purchasing throughout his years of experience, bringing with him a diverse background of skills. After spending 6 years with Vertx as both a territory sales representative and Regional Sales Manager, Justin went on to join Big Daddy Unlimited as their Director of Purchasing. From there, he joined Zev Technologies as their Director of Sales before joining the Vigilant Gear team. His extreme passion for hunting, shooting and the outdoor industry make him a perfect fit for this position. “I am thrilled to be part of such a dynamic and innovative company,” says Justin, “PWS and Lone Wolf have always been renowned for pushing the limits of innovation in our industry and I look forward to playing a part in what will be an extremely promising future.”

For more information on PWS, head to primaryweapons.com. For more information on Lone Wolf Arms, head to lonewolfarms.com.

Saab and MBDA to Strengthen Co-Operation

Sunday, February 4th, 2024

Sweden and France have expressed their desire to strengthen their defence co-operation under a new strategic partnership signed on 30 January as part of French President Emmanuel Macron’s state visit to Sweden. Anti-tank and air defence have been identified as priority areas for co-operation.

In this context, a major new step has been taken in the relationship between the two countries. On 31 January, Micael Johansson and Eric Béranger, the CEOs of Saab and MBDA, expressed their willingness to support this process in the fields of anti-tank and air defence, two capabilities identified as particularly critical for the armed forces of both countries, especially in the context of high-intensity conflicts. They signed Letters of Intent to strengthen the co-operation between their companies in these two fields, at the Business Forum organised in the presence of the highest French and Swedish authorities.

“The closeness between Saab and MBDA is reflected in our co-operation over many years, and the deepening and broadening of that through these Letters of Intent is most welcome. Doing this here in Stockholm during the state visit by President Macron to Sweden is symbolic of how two European governments working together can facilitate industry in strengthening our collective security,” said Micael Johansson, President and CEO of Saab.

Eric Béranger CEO of MBDA, said: “This is an exciting new step in our long-standing partnership with Saab. We are both world leaders in the anti-tank and air defence domains and we will be combining our expertise to deliver the best capabilities for the armed forces on the battlefield. The signature of these Letters of Intent is further proof that co-operation lies at the very heart of MBDA’s values.”

Co-operation in the anti-tank field has resulted in an initial focus on the AKERON MP. A first contract has been awarded to Saab and MBDA by the DGA, the French contracting entity, and the Swedish Defence Materiel Administration (FMV – Försvarets Materielverk). This will enable the pooling of Saab and MBDA’s expertise in the anti-tank domain, in order to support the Swedish and French armed forces’ choice of the AKERON MP weapon system in the short term. This will also enable the implementation of a joint capability roadmap to develop new functionalities associated in particular with beyond line-of-sight firing, and also to prepare the missile to address the future generation of targets that will arrive on the battlefield. This roadmap will maintain AKERON MP’s position as the benchmark weapon in its field, and an indispensable tool in high-intensity conflicts.

Saab and MBDA are long-standing partners, as illustrated by their co-operation on the Meteor air-to-air missile programme and the TAURUS cruise missile, as well as in the European MARSEUS consortium that aims to provide a sovereign European beyond line-of-sight missile firing capability.
 

Champion Thread Company Celebrates 45 Years of Industry Service

Sunday, February 4th, 2024

The fast-growing manufacturer of industrial sewing threads, engineered yarns, and other textile and sewn products supplies is celebrating 45 Years of Service to the Textile and Sewn Products Industries.

GASTONIA, NC – January 30, 2024 – Champion Thread Company® (CTC), a leading provider of industrial sewing threads, engineered yarns, and other textile and sewn products accessories, is celebrating 45 Years of Service to the Textile and Sewn Products Industries.

Thanks to a loyal and fast-growing customer base, CTC has expanded from its roots as a small thread distributor into a developer, manufacturer, and marketer of a wide range of products and solutions sold on four continents.

“For 45 years, we have demonstrated unwavering commitment to excellence and dedication to our customers,” said CTC President Matt Poovey. “Since our founding, we have remained family-owned and operated, taking pride in offering the highest quality goods, competitive prices, and unmatched industry expertise. Champion Thread’s longevity in the market can be attributed to our ability to adapt and innovate while always staying true to our core values. Our understanding of the industry has allowed us to consistently deliver superior products that meet the ever-evolving needs of our customers.”

Some of CTC’s significant milestones include:

1979 – Founded by current CEO Bob Poovey

1999 – Moved/expanded corporate office

2007 – Strategic thread manufacturer acquisition

2009 – Started engineered yarn business

2011 – Opened state-of-the-art flexible manufacturing facility

2014 – Expanded and opened current HQ location

2016 – Matt Poovey promoted to President

2018 – Opened new warehouse/distribution facility

2019 – Celebrated 40 years of industry service

2020 – Jim Lee promoted to Vice President of Sales

2021 – Launched Renu™ line of 100% recycled thread

2023 – Opened new South Carolina dyehouse

2024 – Celebrating 45 years in business

The company recently reported “steady” growth in market share in 2023, primarily the result of the company’s multi-year initiatives to bolster lean, flexible manufacturing operations and investments in the domestic workforce and supply chain. They also expressed optimism for increased market demand for their products and plans for continued investment in new product development, production and service teams, and customer service levels in 2024.

To learn more about CTC, phone (704) 867-6611 or visit championthread.com.

Strategic Acquisition in Romania: Rheinmetall Acquires Majority Stake in Military Vehicle Maker Automecanica Media SRL

Saturday, February 3rd, 2024

Continuing to expand its presence in Romania as a leading manufacturer of military vehicles, Rheinmetall is taking up a majority share in Romanian vehicle maker Automecanica Media. The acquisition deepens the Düsseldorf-based technology enterprise’s footprint in Central Europe, opening the door to new customer countries in the region with substantial sales potential. Rheinmetall already has locations in two other countries on NATO’s eastern flank, Hungary and Lithuania. In December 2023, moreover, Romania awarded Rheinmetall a major air defence order worth €328 million. 
Through Rheinmetall Landsysteme GmbH, the Group will hold a 72.5% stake in the company, which will operate in Romania under the name Rheinmetall Automecanica SRL. The remaining shares in the company will stay in private hands. The contractual agreement still requires approval by the relevant government authorities before it takes effect.

In the medium term, Rheinmetall puts the annual sales potential of the newly acquired company at around €300 million and expects incoming orders in the current financial year to be in three-digit million-euro range. 

As Rheinmetall chief executive Armin Papperger sees it, “Bringing Automecanica Media into the Rheinmetall family marks another important milestone in our strategy of strengthening the Group’s presence in Central Europe, which in turn contributes to bolstering the defensive capabilities of the EU and NATO on Europe’s eastern flank. We look forward to supporting Romania in future projects in the vehicle domain as well as with other Rheinmetall technologies. Here, the inclusion of local partners and strengthening the Romanian economy are matters of central concern to us. We want to meet the expectations of the Romania’s politicians and military in the best possible way.” 

Automecanica Media is a longstanding maker of special vehicles, truck build-ons and trailers for the civilian and military market. Rheinmetall has been cooperating with Automecanica since 2022, when the two partners joined forces to operate a maintenance and repair facility for military vehicles in Satu Mare, Romania. 

The plant in Media, Romania is poised to play a key role in maintaining the operational readiness of Western-built combat vehicles in Ukraine, as well as assuring logistical support. Rheinmetall’s presence in Romania means that forces deployed on NATO’s eastern flank will be able to count on shorter response times and more robust supply chains. 

The acquisition constitutes a further expansion of Rheinmetall’s global vehicle production network, which already includes plants in the United States, Canada, Australia, the United Kingdom, Austria, the Netherlands and Germany. As well as significantly expanding the Group’s production and maintenance capacity, the move adds to its current portfolio of military vehicles. 
Truck build-ons, trailers and other special vehicles developed and produced by Automecanica augment and complement Rheinmetall’s existing range of military trucks, a domain in which Rheinmetall MAN Military Vehicles (RMMV) is a major force in world markets. 

Looking ahead, the chassis of antiaircraft systems belonging to the Romanian military are to be maintained and modernized here as well. 
In the medium term, Rheinmetall puts the annual sales potential of the newly acquired company at around €100 million and expects incoming orders in the coming financial year to be in the mid-three-digit million-euro range. 

Automecanica has long been an efficient and effective partner of the Romanian armed forces. In the new constellation, Rheinmetall, moving forward with Automecanica, now seeks to be a leading partner of the Romanian armed forces as well as those of neighbouring countries, with a significantly expanded array of products and services.