B5 Systems

Archive for the ‘Industry’ Category

Hoppe’s Brings Back the Classic Glass Bottle

Thursday, May 13th, 2021

OVERLAND PARK, Kan. – May 11, 2021 – Hoppe’s, the No. 1 name in gun care products, is excited to announce the return of Hoppe’s No. 9 in its classic glass bottle. The return of the glass bottle comes after repeated requests on social media for Hoppe’s to “go back to glass”.

This nostalgic bottle comes complete with throwback artwork and label, and is sure to be a hit among shooters new and old. The bottle comes in the popular pint size, so gun owners can keep plenty of cleaner on hand at any given time. When the time comes for more Hoppe’s, the glass bottle can easily be reused year after year. This bottle is available in the United States only and comes with a child-resistant cap for safety.

The re-introduction of the Hoppe’s glass bottle is a direct result from numerous consumer requests. Hoppe’s faithful users have called, emailed, and reached out to the brand via social media to express their desire to see the glass bottle returned. “Too bad you still don’t use glass bottles,” wrote one fan. “I refill mine and use it over and over. Just seems like the right thing to do.” The team at Hoppe’s couldn’t agree more and everyone is excited to once again be able to offer this popular container.

Hoppe’s No. 9 Gun Bore Cleaner remains the most widely used remover of powder, lead, metal fouling and rust for firearms. The glass bottle features the same exact formulations found in standard bottles, so today’s gun owners can rest assure that their favorite firearms will remain protected.

To learn more about Hoppe’s No. 9 Gun Bore Cleaner or to see more Hoppe’s gun care products, visit hoppes.com.

American Rheinmetall Vehicles Accelerates Growth with Opening of New Sterling Heights Facility

Thursday, May 13th, 2021

American Rheinmetall Vehicles (ARV), a subsidiary of leading defense industry giant Rheinmetall, recently opened a new facility in the DC3S complex in Sterling Heights, Michigan to accommodate the rapid growth associated with their offering for the U.S. Army’s Optionally Manned Fighting Vehicle Program (OMFV).

This expansion increases ARV’s capacity to almost 28,000 square feet, and features ample room for the 30+ new team members brought on board to support the OMFV offering. Also included in the new space are two high bay areas that will be used for a hardware and software integration lab and prototype build area as the program progresses. Driven by strong and consistent growth, this early investment initiative demonstrates ARV’s commitment to the OMFV program and the U.S. Army.

“The investments we are making in our operations are a strong reflection of American Rheinmetall Vehicle’s position in the marketplace and positive outlook for the future,” said Matt Warnick, ARV’s Managing Director. “I’m excited that our team and new facility are well-positioned to fully support the Lynx OMFV offering and look forward to continuing to change the landscape of the U.S. defense industrial base by introducing next-generation manufacturing capabilities and creating new, quality U.S. jobs.”

The OMFV program is the priority ground-modernization program for the U.S. Army that will replace nearly 3,800 Bradley Infantry Fighting Vehicles. The program begins with digital design phases that continue through early 2023, followed by development of prototype vehicles in 2024 and government testing beginning in early 2026.

www.rheinmetall-arv-us.com

AeroVironment, Inc. Announces Chairman Succession Plan

Tuesday, May 11th, 2021

• Tim Conver to retire as chairman of the AeroVironment Board of Directors, effective at the company’s 2021 annual meeting of shareholders

• Wahid Nawabi, president and chief executive officer, elected Chairman of the AeroVironment Board

SIMI VALLEY, Calif., May 11, 2021 – AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today announced that its Board of Directors has unanimously elected President and Chief Executive Officer Wahid Nawabi to succeed Tim Conver as chairman upon Mr. Conver’s planned retirement from the Board of Directors, effective at the company’s 2021 annual meeting of shareholders. Mr. Nawabi joined AeroVironment in 2011 and assumed the role of president and chief executive officer in May 2016. 

Tim Conver has served as a member of the AeroVironment Board of Directors since 1988 and assumed the role of president in 1991, then chief executive officer in 1992. Mr. Conver was elected chairman of AeroVironment’s Board of Directors in 2007, upon the retirement of founder Dr. Paul MacCready, Jr.  During his tenure, Mr. Conver led AeroVironment’s transformation into a global leader in unmanned aircraft systems (UAS), tactical missile systems (TMS) and high-altitude, pseudo-satellites (HAPS), leading the company’s initial public offering in 2007 and growing annual revenue from $10 million to $264 million in fiscal year 2016.

“As part of our commitment to strong corporate governance, the AeroVironment Board of Directors maintains an ongoing and deliberate process for managing succession,” said Arnold Fishman, lead independent director. “Tim Conver has served AeroVironment as a visionary leader and a disciplined Chairman of the Board whose contributions have molded the company into the recognized leader in our industry. Wahid’s track record of effective leadership and demonstrated results as chief executive officer, which include three consecutive years of profitable, double-digit revenue growth, are fundamental to the Board’s decision to elect Wahid as the next Chairman.  We are excited to welcome Wahid to this new role as part of our planned succession process.”

“On behalf of AeroVironment’s Board of Directors, I thank Tim for his vision, determination and guidance,” said Wahid Nawabi. “Tim helped cultivate a unique company culture focused both on defining the future in our markets and allowing us to deliver uniquely valuable solutions that help our customers and employees Proceed with Certainty.  Tim’s leadership and mentorship have resulted in countless American and allied lives saved as a result of our innovative UAS and TMS solutions.”

SIG SAUER, Inc Files P365 Magazine Patent Infringement Case Against Springfield, Inc

Tuesday, May 11th, 2021

NEWINGTON, N.H., (May 11, 2021) – Today, SIG SAUER, Inc., filed a lawsuit in the United States District Court for the Central District of Illinois, Rock Island Division, alleging that Springfield, Inc. (Springfield Armory) infringes two SIG patents relating to SIG’s P365 magazine. 

The P365 has seen tremendous commercial success, due to the innovative design of the high-capacity magazine.  In its complaint, SIG alleges that Springfield Armory’s making and selling of certain “Hellcat” branded magazines infringes upon two SIG patents.  SIG SAUER is seeking injunctive relief, as well as monetary damages for Springfield Armory’s past and ongoing infringement.  

Ron Cohen, President and Chief Executive Officer, made the following statement:

“When the SIG SAUER P365 was introduced it took the market by storm as the most innovative high-capacity, micro-compact pistol to be introduced due to its magazine capacity, and quickly became one of the top selling handguns in the market due to this unprecedented innovation.  SIG is not a litigious company, but given the extent of infringement by Springfield, SIG has a responsibility to protect both our intellectual property and the significant investment we make to develop our innovative products.  As a company we are proud to yield more than 100 patents worldwide, with more than 40 patent applications currently pending, and we will protect the extensive research and design that goes into developing these patents rigorously.”

www.sigsauer.com

Rheinmetall to Upgrade UK’s Challenger Main Battle Tank Fleet

Tuesday, May 11th, 2021

Rheinmetall has won a pioneering land forces order of pan-European and NATO-wide significance. The British Ministry of Defence has contracted with the Düsseldorf-based technology group to modernize the British Army’s main battle tank fleet. In all, 148 Challenger 2 main battle tanks will be upgraded with the 120mm smoothbore main armament from Rheinmetall, together with a completely new turret structure, including a state of the art digital system architecture. Forming part of the British Army’s Challenger 2 Life Extension Project, or LEP, the modernization programme is poised to convert this tried-and-tested tank into the new Challenger 3, keeping it in service for decades to come. The programme will take place during the 2021-2027 timeframe. Just announced in Telford (UK), the contract is worth around €770 million (£665 million).

The latest generation L55A1 smoothbore gun from Rheinmetall will place the modernized Challenger at the forefront of NATO tank technology. The Challenger 3 will be a network-enabled, digital tank featuring unsurpassed lethality and greatly improved survivability on the battlefield. It will be able to fire current and future Rheinmetall 120mm kinetic energy rounds and programmable multipurpose ammunition. Combined with the latest fire control technology and sensor systems, this will significantly boost the vehicle’s combat effectiveness, resulting in remarkably accurate firepower.

Much of the upgrade work will be carried out in the UK at the Rheinmetall BAE Systems Land (RBSL) plant in Telford in the West Midlands. The company boasts a rich heritage, having delivered the first Challenger 2 tanks to the British Army over 25 years ago. RBSL is a joint venture between Rheinmetall and BAE Systems, with Rheinmetall Landsysteme GmbH holding 55% of the shares.

As Armin Papperger, chief executive of Rheinmetall AG, recently put it, “We’re proud to be taking charge of one the United Kingdom’s most important army?technology programmes here in the cradle of the British tank industry. In technological terms, the upgrade will put the British Challenger tank on the cutting edge of NATO’s armed forces. To make this happen, we’ve amalgamated the longstanding expertise of RBSL with Rheinmetall of Germany’s unsurpassed know-how in large-calibre weapon systems, digitization and advanced turret solutions.”

John Abunassar, head of Rheinmetall’s Vehicle System’s division, points out that “The British Army is getting a world-class capability. At the same time, we’re celebrating the return of top-notch tank technology to the British Isles, because the bulk of the work will take place in the UK and involve the inclusion of numerous local suppliers. This announcement comes after years of hard work and collaboration with our customer, especially in the recent extraordinary circumstances brought about by COVID-19.”

RBSL will be working together with subcontractors from all over Britain, giving an economic boost to their various locales. Work will be directed from the RBSL factory in Telford, with technical support from the company’s heavy armour specialists in Telford and at the RBSL facility in Washington near Newcastle in the northeast of England.

The modernization programme will maintain existing high-grade industrial jobs in Britain and create numerous new ones. In particular at RBSL, the Challenger programme will maintain some 200 member of staff, including 130 highly skilled engineers and 70 technicians. Furthermore, during the next five years, RBSL will offer employment and training opportunities to more than 60 trainees. Moreover, in the British supply chain some 450 jobs will be maintained or newly created.

The programme secures the UK’s national capabilities base in terms of defence technology and engineering expertise and offers the prospect of new product developments and further export opportunities.

Challenger 3
The new vehicle will be armed with the latest 120mm high-pressure L55 smoothbore gun, which fires subcalibre KE projectiles and programmable multipurpose ammunition. Delivering enhanced accuracy and penetrating power, the gun system features state-of-the-art fire control technology.

A new turret structure including improved survivability systems assures maximum crew protection. The main optical sights improves the target acquisition and tracking capability of both the commander and gunner.

Moreover, thanks to the new physical, electronic and electrical architectures, this solution provides additionally significant growth potentials for the next decades.

Construction of SIG SAUER Experience Center Begins in Epping, New Hampshire

Friday, May 7th, 2021

NEWINGTON, N.H., (May 7, 2021) – SIG SAUER, Inc., is pleased to announce the official commencement of the construction of the SIG SAUER Experience Center on the grounds of the SIG SAUER Academy in Epping, New Hampshire.

Today, Ron Cohen, President of SIG SAUER, Inc. was joined by Governor Chris Sununu and other local and state dignitaries, for the official groundbreaking ceremony at the future site of the SIG SAUER Experience Center, a state-of-the-art 40,500 square foot facility on the grounds of the SIG SAUER Academy in Epping, New Hampshire.

“SIG SAUER is growing, and we are excited to officially break ground for the SIG SAUER Experience to mark the beginning of another phase of our evolution,” began Ron Cohen, President and CEO, SIG SAUER, Inc.  “This facility will attract visitors to the New England region from all over the world and create new jobs, and we view this endeavor as a true partnership with our state and local leaders that have worked hard to foster an environment where SIG can grow and thrive and are one of the secrets to our continued success and growth here in New Hampshire.”

The SIG SAUER Experience Center will feature the SIG SAUER flagship retail showroom, state-of-the-art indoor shooting ranges, and a high-tech, interactive SIG SAUER museum depicting the history of SIG SAUER, and a one-of-a-kind educational experience for SIG SAUER products, a multi-purpose meeting space and conference rooms.

“The continued expansion of SIG SAUER’s New Hampshire operations with this new construction in Epping is another welcome addition by SIG SAUER to our growing economy,” said Governor Chris Sununu. “SIG SAUER is one of New Hampshire’s largest employers providing a diverse mix of high-tech manufacturing jobs to our workforce, and I am glad to partner with them as they continue to firmly plant their roots right here in the Granite State.”

Design-Build services are being provided by North Branch Construction and architectural design by Cowan Goudreau Architects both of Concord, NH.  Civil engineering services are being provided by T.F. Moran, Inc. of Bedford, NH.

Smith & Wesson Brands, Inc. Announces Intent to Divest Thompson/Center Arms Brand

Tuesday, May 4th, 2021

SPRINGFIELD, Mass., May 3, 2021 — Smith & Wesson Brands, Inc. (NASDAQ Global Select Market: SWBI), a leader in firearm manufacturing and design, today announced that it plans to divest its Thompson/Center Arms brand. This decision is part of the Company’s broader strategic plan that will focus on its core Smith & Wesson brands.

Mark P. Smith, President and CEO of Smith & Wesson Brands, Inc., said, “Thompson/Center is a beloved hunting brand with a longstanding heritage, and we are committed to ensuring a smooth transition. Thompson/Center Arms’ loyal consumers should rest assured that they will continue to receive the world-class firearms, accessories, and customer service support that the brand has been known for since its founding in 1965.  We remain fully committed to the hunting and long-range shooting market, and with this divestiture we will be able to now focus on these categories under our iconic Smith & Wesson brand.  Additionally, this will allow us to immediately redirect manufacturing capacity to increase overall production volumes, allowing us to gain additional market share while simultaneously increasing profitability.”

At this time, a buyer for the Thompson/Center Arms brand has not been identified; however, the divestiture is not expected to have a material financial impact on the Company’s first quarter fiscal year 2022 results and the Company expects the divestiture to be accretive to the Company’s full year fiscal 2022 through higher overall production levels, increased margins, and lower marketing costs. The Company states that this decision will not result in a workforce reduction as its flexible manufacturing model allows it to repurpose capacity immediately to other areas without a headcount reduction.

Interested parties should contact the Company via email at investorrelations@smith-wesson.com or by calling 413-747-3448.

XS Sights Announces Staff Promotions

Monday, May 3rd, 2021

Fort Worth, TX (April 27, 2021) – XS® Sights is pleased to announce the promotions of Zack Kinsley to Vice President of Business Development and Addison Monroe to Marketing Manager.

 

As Vice President of Business Development, Kinsley is responsible for creating and implementing plans to increase existing business and for developing new business opportunities to grow market share and brand awareness. He will track new markets and emerging trends, spearhead strategy on new products and services, and work closely with leadership on strategic sales and marketing initiatives as the company continues to innovate and grow.

As Marketing Manager, Monroe now oversees all marketing initiatives for the company. This includes advertising, sponsorships, the ambassador program, web content creation, graphic design, and photography, among other responsibilities.

“I could not be prouder than to announce the promotions of Zack to Vice President of Business Development and Addison to Marketing Manager,” said Kellie Brunn, Co-Owner of XS Sights.  “Zack’s proven solutions-based approach is an integral part of our innovation, profitability, and growth initiatives. He works closely with all of Team XS to grow our brand, and this role will allow him to focus on the long-term strategic direction of XS.”

Brunn continued, “Addison is a pleasure to work with and has demonstrated her talents as she has taken on more responsibilities in marketing this past year.  She is an excellent representative of our company and will hit the ground running in her new position.”

For more information, visit www.xssights.com.