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Remington Outdoor Company Successfully Emerges From Chapter 11

Thursday, May 17th, 2018

Significantly Reduced Debt Load and Interest Expense Continued Focus on Revitalization

Madison, NC – May 16, 2018 – Remington Outdoor Company (“Remington” or “the Company”), one of the world’s leading designers and manufacturers of firearms, ammunition, and related products, announced today that it has emerged from Chapter 11 after successfully implementing its plan of reorganization (“the Plan”) previously confirmed by the Delaware bankruptcy court on May 4, 2018.

The Plan provides a comprehensive balance sheet restructuring of the Company and converts over $775 million of the Company’s debt into equity. In addition, the Plan provides the Company with a new Asset Based Loan (“ABL”) facility of $193 million, the proceeds of which will refinance its prior ABL facility in full, a new $55 million First-In, Last-Out Term Loan and a new $100 million Term Loan. As an integral part of the Plan, all trade and business claims are unimpaired and will be addressed in the Company’s normal course of business. The Plan received support from over 97% of the voting Term Loan Lenders and all of the voting Third Lien Noteholders.

As provided in the Plan, all shares of Remington’s common stock issued prior to the commencement of Remington’s bankruptcy proceeding were cancelled upon emergence, and Remington has issued new shares of common stock and, in some cases, warrants, to the holders of its previously outstanding funded debt in return for their allowed claims against Remington. The term of Remington’s previous Board of Directors expired upon emergence and a new Board of Directors shall be appointed immediately.

“It is morning in Remington country,” said Anthony Acitelli, Chief Executive Officer of Remington. Mr. Acitelli continued, “We are excited about the future – producing quality products, serving our customers, and providing good jobs for our employees.”

Remington’s legal counsel is Milbank, Tweed, Hadley & McCloy LLP, its investment banker is Lazard Freres & Co. LLC, and its financial advisor is Alvarez & Marsal. The Term Loan Lenders’ legal counsel is O’Melveny & Myers LLP and their investment banker is Ducera Partners LLC with M-III Advisory Partners, LP also advising the Term Loan Lenders. The Third Lien Noteholders’ counsel is Willkie Farr & Gallagher LLP and their investment banker is Perella Weinberg Partners LP.

Court filings and claims information may be accessed at cases.primeclerk.com/remington

www.remingtonoutdoorcompany.com

Tags: Remington Outdoor Company
Posted in Industry, Press Release | 4 Comments »

TNVC Celebrates the 10th Anniversary of Their Riser Stock Pouch (RSP)

Thursday, May 17th, 2018

Vic Di Cosola sent me a brief history behind the RSP.

Approximately 10 years ago when I started to see more and more pics of our Brothers and Sisters getting re-issued scoped M14’s into Afghanistan (initially without those fancy Sage stocks) were basically using pillows and duct tape to get their cheek welds up, I knew there had to be a better way. The RSP was born!

As we celebrate the RSP’s 10th anniversary, demand of the RSP is still strong for the M1A lovers out there who need to get their head aligned a bit better with their optics. THANK YOU from all of us here at TNVC who have made the RSP the best solution for this weapon platform.

tnvc.com

Tags: TNVC Inc
Posted in Advertiser, Press Release, Weapon Accessories | Comments Off on TNVC Celebrates the 10th Anniversary of Their Riser Stock Pouch (RSP)

Grey Ghost Precision Announces MKII Version of Precision Rifles

Thursday, May 17th, 2018

Manufacturer Redesigns Most Popular Rifle Models

Lakewood, WA – Grey Ghost Precision, leading manufacturers of accurate, reliable, and attainable weapon systems, is excited to announce the MKII versions of their most popular rifles, The GGP Heavy (.308 WIN), GGP Light (5.56 NATO) and the GRIM (6.5 Creedmoor).

Grey Ghost spends no time, wasted on production – partnering with only the best in the industry, to ensure that every product that goes out the door is worthy of it’s name, the team at GGP worked tirelessly to revise the previous models, guaranteeing the perfection that we know and expect.

The GGP Heavy (.308 WIN) is an extremely accurate semi-automatic rifle that fits the specific requests from sources operating in Afghanistan. The team at GGP coupled these demands with evaluations from Special Forces marksmanship instructors, competition shooters and avid hunters, and developed one of the most innovative and cutting-edge rifles in the in the DMR space.

Built with the GGP MKII 7075-T651 billet upper receiver and GGP MKII 7075-T651 billet ambi lower, the Heavy measures an overall length (with the extended GGP MKII Extended length (15″) M-LOK hand guard) of 38”, and a mere 35” when collapsed; and weighs in at 8.3lbs. It carries a 16″ .308WIN match grade BBL. 1×10 twist, 5/8-24 threaded muzzle with a GGP muzzle brake and Black Nitride coating in and out.

The GGP Light (5.56 NATO) is a real-world application rifle, which is as effective in home defense as it is on the battlefield. Designed to achieve a durable, reliable, affordable, accurate and attainable 5.56 rifle—all without compromising quality, the light is intended for hard use and everything that goes with it.

Built with a GGP MKII 7075-T651 billet upper with M4 feed ramps, and a GGP MKII 7075-T651 billet ambi lower, the GGP Light measures an overall length of 37” (stock extended), and 34” (collapsed); with an overall weight of 6.6lbs. Donned with a 16″ 5.56 BBL. 1×8 twist, 1/2-28 threaded muzzle with a GGP muzzle brake, and Black Nitride coating in and out.

The GGP MKII Grim (6.5 Creedmoor) came to light, after shooters began experiencing the accuracy potential of the Grey Ghost Precision catalog of rifles in other calibers. Several competitive shooters in the precision rifle circuit desired a gas gun that gave their beloved 6.5 Creedmoor round a platform, that maintained all the advantages of a modern semi-automatic sporting rifle – without compromising accuracy, consistency and performance. GGP worked to produce the GRIM, an exceedingly accurate 6.5 Creedmoor rifle that fit the specific requests of experienced snipers and PRS shooters looking for the ultimate tack driving instrument that would not only compete with other 6.5 Creedmoor rifles, but win.

“We decided that it was time to step away from the proprietary platform of the original GGP rifles, and remove all compromises; making the MKII versions much more user friendly and simplified,” stated Grey Ghost Precision, VP of Firearms, Jason Curns. “With the focus being that of a more simplistic, yet versatile design, the MKII versions are now lighter (almost a full pound less on each platform) and maintain tighter tolerances across the board.”

Curns, formerly at Mega Arms, was the lead designer in the GGP original platforms, is the brains behind the redesign; cutting everything down to its roots and building up again.

SPECS:

MKII Grim
· GGP MKII 7075-T651 billet upper receiver
· GGP MKII 7075-T651 billet ambi lower receiver
· GGP MKII Extended length (18″) M-LOK hand guard
· True Black Type III Mil Spec hard coat anodize
· 22″ 6.5 Creedmoor Proof Research BBL. 1×8 twist, 5/8-24 threaded muzzle with GGP muzzle brake, Rifle Length gas +2″
· Superlative Arms Adjustable Gas Block
· Bolt Carrier Group is Black Nitrided and MP/MPI tested
· H3 Buffer and Rifle Length Buffer Spring
· CMC Trigger 2-stage 2lb set/2lb release
· Radian Weapons Talon safety selector
· Radian Weapons Raptor charging handle
· MAGPUL MOE pistol grip / MAGPUL PRS Gen 3 Stock
· MAGPUL PMAG
· Overall Weight: 10 lbs / Overall Length: 44″

MKII Light
· GGP MKII 7075-T651 billet upper receiver with M4 feed ramps
· GGP MKII 7075-T651 billet ambi lower receiver
· GGP MKII Extended length (15″) M-LOK hand guard
· True Black Type III Class 2 Mil Spec hard coat anodize
· 16″ 5.56 BBL. 1×8 twist, 1/2-28 threaded muzzle with GGP muzzle brake, Black Nitride coating in and out, Mid Length gas.
· Superlative Arms Adjustable Gas Block
· Bolt Carrier Group is Black Nitrided and MP/MPI tested
· CMC Flat-Faced Single Stage trigger, 3 1/2 pound pull
· Radian Weapons Talon safety selector
· Radian Weapons Raptor charging handle
· MAGPUL MOE pistol grip / MAGPUL SL Stock
· MAGPUL PMAG
· Overall Weight: 6.6 lbs / Overall Length (stock extended): 37″ / Collapsed Length: 34″
· No sights or optics included

MKII Heavy
· GGP MKII 7075-T651 billet upper receiver
· GGP MKII 7075-T651 billet ambi lower receiver
· GGP MKII Extended length (15″) M-LOK hand guard
· True Black Type III Class 2 Mil Spec hard coat anodize
· 16″ .308WIN match grade BBL. 1×10 twist, 5/8-24 threaded muzzle with GGP muzzle brake, Black Nitride coating in and out, Mid Length gas.
· Superlative Arms Adjustable Gas Block
· Bolt Carrier Group is Black Nitrided and MP/MPI tested
· Carbine .308 Buffer and 17-7 Carbine Buffer Spring
· CMC Flat-Faced Single Stage trigger, 3 1/2 pound pull
· Radian Weapons Talon safety selector
· Radian Weapons Raptor charging handle
· MAGPUL MOE pistol grip / MAGPUL SL-S Stock
· MAGPUL PMAG
· Overall Weight: 8.3 lbs / Overall Length (stock extended): 38″ / Collapsed Length: 35″

The Grey Ghost Precision MKII rifles are available now for preorder through the website, www.greyghostprecision.com.

Tags: Grey Ghost Precision
Posted in Advertiser, Black Rifle, Press Release | 1 Comment »

BE Meyers & Co Brings Advanced Photonics to SOFIC 2018

Wednesday, May 16th, 2018

B.E. Meyers & Co., Inc. will be showcasing their innovative Laser Technology and Warfighter Solutions on May 22-28, 2018 during the Special Operations Forces Industry Conference (SOFIC) in Tampa, FL. Their exhibition will be located just a short walk across the sky bridge from the Tampa Convention Center at the Embassy Suites, Bayside Ballroom 1 on the second floor. Attendees are invited to visit B.E. Meyers & Co. to speak with members of their team, and to see the MAWL® series of infrared and visible green weapon laser pointers/illuminators; the GLARE® series of weapon mounted Hail/Warning/Illumination laser systems; the IZLID® series of IR and SWIR laser pointers/illuminators for target marking and air-to-ground integration; and the BOARS™-M2 optics and accessories rail for the M2 platform.

To schedule a meeting with the B.E. Meyers & Co. Sales Team, please contact sales@bemeyers.com.

www.bemeyers.com

Tags: BE Meyers & Co Inc
Posted in Advertiser, Press Release, SOFIC | Comments Off on BE Meyers & Co Brings Advanced Photonics to SOFIC 2018

Get A Demonstration of FalCom from TEA Headsets and GN Hearing At SOFIC

Wednesday, May 16th, 2018

TEA Headsets (SOFIC Booth #1602) has partnered with GN Hearing, Inc. and their new Advanced Hearing Protection Division to provide users with the latest in state-of-the-art communications and hearing protection.

FalCom – Advanced Communications
TEA and GN have developed an in-ear advanced communication system, called FalCom, based off three main factors: comfort, clarity, and protection. If the system is comfortable, the user is less likely to not wear his or her hearing protection. Once again, if the incoming audio is clear and concise while maintaining his or her situational awareness and simultaneously protecting their hearing, they are less likely to not wear the system. When Servicemembers deployed during combat operations after 9-11, the only thing available was either foam ear plugs or old analog ear muff style headsets. Since very few outside of SOCOM even had hearing protection or limited access to it, Servicemembers went without hearing protection in order to survive. This prompted the development of the FalCom system for current, future SOCOM and DoD programs.

Situational Awareness and 3-D Audio

Another key feature of the FalCom system is its 3-D (Programmable 4D-Q3) audio spacial awareness feature. This allows the user to hear incoming audio from different directions in the ear buds. Therefore, instead of receiving audio from left-right or both sides the user will be able to hear sounds coming from left rear, right rear or the front. This greatly enhances the user’s ability to easily distinguish a higher priority channel over a lower priority channel.

Plug and Play Beyond Today

Together, all these features combine to make the new FalCom an easy to use, “Plug and Play” system providing unmatched comfort, situational awareness, and hearing protection. On today’s asymmetric battlefield, the old adage, shoot-move-and communicate is more important than ever. The ability to hear clear and concise radio communications is critical therefore industry-leading hearing protection is a force multiplier greatly enhancing the potential for mission success and more importantly increasing the protection of our greatest asset, those who serve the nation.

STOP BY THE TEA BOOTH #1602 AT SOFIC FOR A LIVE DEMO

Tags: GN Hearing Inc, TEA Headsets
Posted in Advertiser, Comms, Press Release, SOFIC | 2 Comments »

All-New Rifle Brass Line Introduced by Gunwerks

Tuesday, May 15th, 2018

For over a decade Gunwerks has established a reputation for delivering the best long range shooting solutions on the market. Now they’ve engineered and introduced a new line of premium rifle brass to match.

“Engineering our own brass achieves a few goals,” said James Christiansen, Gunwerks COO. “First, it will improve quality and consistency. We have always sought out the best components available for our loaded ammunition. With this move, we can more tightly control tolerances and quality to produce the best brass and ammunition available.”

“This will also reduce component cost on brass, which will allow us to pass savings on to our customers, in the form of component brass for reloaders and loaded ammunition for our customers and precision shooters,” Christiansen continued. “It’s a win-win for all of us.”

Designed as the perfect brass for precision shooters, this cartridge brass features extreme consistency lot to lot and extremely tight tolerances. Optimized case walls and primer pockets afford high brass life for maximum number of reloads possible and uniform flash holes provide consistent ignition and low extreme spreads.

“Consistency is key,” said Mike Davidson, Director of Manufacturing Operations at Gunwerks. “Precision shooters and reloaders need components that eliminate or minimize variables in the equation. This new brass will produce the most consistent ammo available either in our Gunwerks loaded ammo or in your own hand loads. We don’t cut corners, so you know if we’re loading it in our own ammo, it’s good stuff.”

Gunwerks brass is available in quantities of 100 from www.gunwerks.com/brass and comes in a zippered, reusable pouch. A handful of calibers are available immediately with more offerings coming late 2018 and more still in development.

Specifications:
• Extreme consistency piece-to-piece and lot-to-lot
• Consistent weight & volume to reduce velocity spreads
• Minimal neck runout for superior precision
• Optimized metallurgy and dimensions to maximize case life
• Clean case head design for easy pressure sign identification
• All brass sizes feature large rifle primer pockets
• Includes 100 round reusable, zippered pouch

Tags: Gunwerks
Posted in Press Release, weapons | Comments Off on All-New Rifle Brass Line Introduced by Gunwerks

Federal Resources Announces Contract for USAF Comms Gear

Tuesday, May 15th, 2018

Federal Resources Wins $11.2 Million Contract to Supply the U.S. Air Force with Communications Fly-Away Kit Based on Klas Telecom VoyagerAPRIL 9, 2018 (WASHINGTON, D.C.) – Federal Resources and Klas Telecom announced today a contract award from the U.S. Air Force for $11.2 million to supply them with a rugged and rapidly deployable Communications Fly-Away Kit (CFK) that will serve as a deployable command and control and satellite communications capability. The initial order is for 87 CFKs with the possibility of follow-on orders planned throughout the USAF. The CFK is based on Klas Telecom’s Voyager modular and scalable network modules with supplementary equipment such as BGAN terminals, VoSIP phones and rugged laptops, which are included in the kit. The contract marks one of the first major U.S. Air Force awards for Klas Telecom and builds upon Federal Resources’ U.S. Air Force business.

“We spent a lot of time working with the Air Force to develop capabilities they needed,” Klas Telecom Government Director of Systems Engineering Chris Barnes said. “We are very pleased to have delivered a system that is tailored to their needs. We are looking forward to working more with the Air Force and we hope this will be the first opportunity of many to come.”

The CFK provides multi-enclave baseband networking capability with agnostic transport and data access for classified, unclassified and coalition networks. Among its key features are low power consumption, size and weight; Cisco-based technology; modular and scalable; ruggedized to MIL-STD-810G; rapid set up; airline carry-on-size package; and it comes with built-in cellular, Wi-Fi and wired transport options.

“The modules themselves only weigh about two pounds each and are densely packed with capability like nothing else on the market,” Federal Resources Director of C4ISR Sales Jeff Churchill said. “This particular group within the Air Force wanted their kits to be as small and easy to manage as possible, however, they weren’t willing to compromise on capability and ease of use. We are looking forward to partnering with Klas Telecom on developing more solutions like this as we bring our total breadth of products, services and solutions to the market and serve those within the U.S. DoD.”

www.federalresources.com

Tags: Federal Resources
Posted in Press Release | Comments Off on Federal Resources Announces Contract for USAF Comms Gear

MPU5 networking radio and Embedded Module achieve FIPS 140-2 security validation

Monday, May 14th, 2018

Government users can connect the MPU5 to the Federal Enterprise Network

NEW YORK, N.Y. – May 9, 2018 – Persistent Systems, LLC (“Persistent”) announced today that it has received a Federal Information Processing Standards (FIPS) 140-2 security validation from the National Institute of Standards and Technology for its MPU5 networking radio and Embedded Module products. Government agencies that require this information security validation will now be able to make wider use of Persistent products.

The MPU5 runs the Wave Relay® mobile ad-hoc networking (MANET) routing protocol, allowing users to transmit and relay voice, video, text, and sensor data in a true peer-to-peer fashion. The Embedded Module delivers similar capabilities in a smaller model made for integrating into unmanned systems and sensors.
“We offer a self-forming, self-healing, scalable MANET that is robust and dynamic and can operate in austere and challenging environments that would normally disrupt other communication systems,” said Eric Stern, Director of Engineering at Persistent Systems. “This makes the MPU5 and Embedded Module very attractive for government users.”

Customers in the U.S. Department of Justice, the Department of Homeland Security, and elsewhere already use the MPU5 in daily operations. However, to connect to federal enterprise networks, many agencies require a FIPS 140-2 validation, a standard for hardware and software cryptography that ensures devices can protect the security and integrity of sensitive data.

To get validated for FIPS 140-2, the MPU5 and Embedded Module were put through the Cryptographic Module Validation Program (CMVP), which are the security requirements for cryptographic modules. The CMVP is a joint initiative between the National Institute of Standards and Technology in the United States and the Communications Security Establishment (CSE) in Canada. Persistent has been putting its MANET radios through FIPS 140-2 validation since 2010, and the MPU5 and Embedded Module’s validation continues Persistent’s commitment to security.

“Our customers utilize our products on operations and events which are critical to national security,” said Stern. “Therefore, we design our MANET systems from inception to meet the federal cryptographic standards of the United States of America and Canada. Security is always our priority.”

A list of wireless networking products that are FIPS 140-2 validated can be found on the National Institute of Standards and Technology:

csrc.nist.gov/Projects/Cryptographic-Module-Validation-Program/Validated-Modules

Government customers should ensure that wireless networking products are on this list prior to purchase.

The latest MPU5 firmware can be obtained by Persistent customers from the product support portal.

Please visit www.persistentsystems.com to learn more.

Tags: Persistent Systems
Posted in Comms, Press Release | Comments Off on MPU5 networking radio and Embedded Module achieve FIPS 140-2 security validation