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U.S. Department of Defense Awards Accrete Multi-Million Dollar AI Production OT Software Licensing Contract

Thursday, November 17th, 2022

Accrete’s dual-use AI solution for open-source threat detection, Argus, will enhance DoD’s intelligence competitiveness and bolster U.S. national security

NEW YORK, Nov. 17, 2022 — Accrete has secured a five-year multi-million dollar Production Operational Technology (OT) software licensing contract from the U.S. Department of Defense (DoD) for Argus™, Accrete’s highly configurable, dual-use open-source threat detection AI software solution, worth tens of millions of dollars. The exact contract value and deal terms cannot be disclosed per government guidelines.

Argus continuously analyzes the open-source web to predict anomalous and nefarious behavior hidden in plain sight. Argus performs work that would otherwise require thousands of intelligence analysts at an estimated cost of hundreds of millions of dollars a year in areas critical to national security such as supply chain risk management, vulnerability research, intellectual property theft, social media intelligence, insider threat detection, and anti-money laundering. Argus reads, understands, and learns from an exploding universe of dynamic, unstructured data, including news, blogs, think tank publications, strategy papers, social media chatter, financial filings, microprocessor manuals, and binaries in multiple languages. The AI software automatically extracts, normalizes, and maps relationships between entities, models influence, and surfaces behavioral anomalies indicative of potentially illicit activity that are too complex for humans to identify.

“We are at the dawn of an entirely new type of conflict, driven by rapid advances in artificial intelligence. Whereas nuclear proliferation threatened entire populations, AI proliferation individualizes warfare by manipulating targeted groups through digital means. Using AI, bad actors can propagate disinformation to exploit ignorance and weaken civil society causing billions of dollars of damage to the U.S. economy,” commented Prashant Bhuyan, Founder, CEO, and Chairman of Accrete, Inc. “As a prime defense contractor licensing configurable dual-use AI software directly to the DoD, Accrete is in a unique position to scale its business with the Defense, Intelligence, and Special Operations communities, as well as other government and enterprise customers, and bolster national security as well as intelligence competitiveness in previously unimaginable ways.”

In 2020, the Defense Innovation Unit (DIU), which former Defense Secretary Ashton Carter established in collaboration with former Google CEO Eric Schmidt to strengthen U.S. national security by accelerating DoD adoption of commercial technology, awarded Accrete with an Other Transaction Authority (OTA) Prototype contract after Accrete outperformed 65 other companies in a competitive review. The DoD accepted the Argus prototype within 15 months, and Accrete worked closely with the DIU and the DoD to transition the OTA Prototype contract into a first-of-its-kind multi-year Production OT AI software licensing deal.

William Wall, who leads Accrete’s federal sales subsidiary, Accrete AI Government, and formerly served as a U.S. Special Forces Lieutenant Colonel and with the Joint Special Operations Command (JSOC), said, “We are extremely excited to announce this award, especially as this is the first production OTA that our DoD customer has ever awarded. There are very few start-up technology companies that successfully navigate the extremely challenging OTA process through prototype acceptance and transition into a multi-year production OT software licensing agreement. Our success is a testament to the efficacy, scalability, and configurability of our AI technology and, more importantly, to our employees’ relentless focus on providing solutions that are tightly aligned with end-user requirements. As we continue to scale, Accrete looks forward to providing its growing customer base with powerful dual-use AI solutions that not only drive efficiency through the automation of analytical work but also produce mission-critical insights beyond human capacity.”

Zachary Smith, Accrete AI Government’s Program Manager and retired special agent who spent most of his 23-year Air Force career focused on countering human, technical, and cyber-based threats, observed, “Based on Argus’ blazing speed and scale, in seconds, analysts will be able to research and visualize complex relationships that would have taken at least a month of steady research and annotation. Within the framework of the DoD’s acquisition risk review process, Argus will enable supply chain risk analysis to be more efficient and effective while delivering enhanced value at a lower cost per insight.”

Accrete’s continuously learning AI technology enables the templatization of analytical workflows. Templates such as Argus for Threat Detection learn from sparse data and are configurable for use cases including supply chain influence, social media intelligence, reverse engineering, and logistics disruption for both government and commercial customers. In addition to helping the DoD predict bad actors that may be intentionally obscuring identities to influence the supply chain, Argus has also been enabling the U.S. Air Force to reverse engineer binaries from microprocessor manuals to detect vulnerabilities in firmware.

Accrete’s dual-use AI solutions have also been proven in industry, including media and entertainment companies automating talent scouting to predict emerging talent from social chatter; insurance brokers automating lead generation to find the shortest path to the hottest lead; private equity and venture firms automating pitch deck review through smart table extraction; and automobile dealerships automating the writing of marketing content.

Griffin Armament Announces DUAL-LOK PSRTM Rifle Suppressors

Thursday, November 17th, 2022

Watertown WI, Wed Nov 16 2022

Reflex Suppressors, or Over the Barrel Suppressors have been manufactured for quite some time, but recently haven’t been the focus by mainstream manufacturers. Griffin first made over the barrel suppressors over ten years ago with the introduction of the RSTA and SPR models. Meant to diminish blow back, provide superlative accuracy, excellent POI shift characteristics and add minimal system length, these suppressors were highly desirable among suppressor aficionados. Griffin is reintroducing next generation over the barrel suppressors with the DUAL-LOK PSRTM suppressor series. However, before going into detail on these models, a brief discussion on the history of reflex suppressors is warranted.

Unlike an integral suppressor, which typically has drilled holes in the barrel of the host firearm and the tube extending over the barrel; the over the barrel suppressor has an attachment system which goes rearward of the barrel’s muzzle by several inches thus making a shorter overall length suppressed firearm. Despite the long length of the suppressor itself, this allows for a ~9 inch suppressor to be something like only 6.5 inches or so of added length to the barrel. Popular Vietnam War era suppressors were all over the barrel varieties. Fast forward to a more modern time, the company Ops Inc, started providing these style suppressors in the early 1990’s and later became prolific integrating its suppressors with the SOF communities MK12 MOD0 and MOD1 firearms. Around the same time Knights Armament also started engineering similar products. In the early 2000’s, AAC, and Surefire started manufacturing over the barrel suppressors as well for military sale. These suppressors targeted the sniper community. Semi-automatic and bolt action rifles in the sniper community used over the barrel suppressors almost exclusively for some time in both the Army and Marines until about 2010. This was most likely due to accuracy being more consistent in harsh field use with over the barrel suppressors vs muzzle mounted variants. Fast forward to today and over the barrel suppressors are still in use by the sniper communities but not very popular by commercial recreational users due to their more limited versatility. Griffin introduced the RSTA and SPR around 2010. These suppressors were well liked by the small community of end users who purchased them due to their single piece muzzle devices which were much easier to install vs multi piece mounting systems from companies like OPS inc. Griffin refocused engineering efforts towards more mainstream muzzle mounted products around 2016 and chose to discontinue those models.

In the last several years Griffin has been spending considerable research efforts on developing lighter suppressors with better mounting systems and higher performance baffle technology. The advent of these developments brought about a reason to revisit the over the barrel suppressors. Current Griffin ECO-FLOWTM baffle tech is much more capable of using the volume of space in the large blast chambers of over the barrel suppressors. Laser welding technology has also allowed for light-weight tubeless versions of these suppressors which historically had a very negative weight impact vs muzzle mounted suppressors. The DUAL-LOKTM mounting system provides high performance attachment, greater user confidence, and a more modern feature set. Incorporating it into the over the barrel DUAL-LOK PSRTM series allows for a rigid locking system in an extremely accurate taper interface mount. Rough handling of the firearms muzzle device is not an issue with the PSR cans as there is a redundant support structure that forces alignment to be as exceptional as a brand new mounting interface regardless of dings and handling abuse common to the sniper field environment. The suppressors feature the patent pending pressure reduction front cap with integrated flash suppressor for extremely low flash. Blow back is lesser than previous Griffin RSTA and SPR suppressors in part due to the ECO-FLOWTM baffles as well as the patent pending end cap, and other internal geometric nuances. These suppressors are ear safe on gas operated firearms making them a perfect fit for bolt actions or semi-automatic systems.

“The DUAL-LOK PSRTM suppressors offer the benefit of over the barrel suppressors for precision rifles with weight penalties similar to lighter muzzle mounted systems. These are the best over the barrel suppressors available in the industry today.”

– Austin, Lead Design Engineer, Griffin Armament

DUAL-LOKTM suppressors are machined in Griffin’s Watertown Wisconsin facility by freedom loving Americans.

Key points :

• Patent pending DUAL-LOKTM wear free mounting system, requires no consumable parts

• Taper lock interface ensures security and accuracy

• ACME thread provides speed of attachment

• Locking ring incorporates 3 anti-rotation teeth to eliminate inadvertent loosening

• 120 effective positions ensure a rock-solid suppressor mount and provide extremely low POI shift

• 17-4 stainless steel & 718 Inconel materials

• Tubeless laser welded design

• Patent pending ECO-FLOWTM baffle system for reduced blow back

• Patent pending Pressure Reduction Cap with integrated flash hider

• 3/4” wrench flats on muzzle devices

• Collar Nitrided black and PVD’d on FDE models for increased surface hardness, corrosion, and wear resistance

• Heat treated and Cerakoted Black and FDE in a heat resistant finish

• Warrantied for life with Griffin’s Perpetual Lifetime Warranty

DUAL-LOK PSRTM 5 Specs:

• DIMS: 1.5”x 8.4”

• Weight: 14.9oz

• Sound pressure Level: 129.7db (16” 5.56mm Griffin MK1)

• MSRP: 1195.00

DUAL-LOK PSRTM 7 Specs:

• DIMS: 1.5”x 8.9”

• Weight: 15.8oz

• Sound pressure Level: 137.6 (16” 7.62mm AR10)

• MSRP: 1295.00

Muzzle devices supported :

• DUAL-LOK PSRTM muzzle brake

• DUAL-LOK PSRTM flash suppressor

Thread pitches supported:

• 1/2×28 (5.56mm)

• 5/8×24 (7.62mm)

To find out more on Griffin Armament’s entire product line, please visit their website at www.GriffinArmament.com. For attendees of the 2023 SHOT Show, Griffin Armament will be exhibiting the Optimus, along with the rest of their product line. Booth #20458.

BAE Systems’ New CV90 Variants Add Capabilities and Combat Efficiency for Swedish Army

Thursday, November 17th, 2022

BAE Systems is launching two new variants of the CV90—the Forward Maintenance vehicle and the Combat Engineer vehicle—to support Swedish Army requirements

ÖRNSKÖLDSVIK, Sweden — Nov. 16, 2022 — BAE Systems has signed a follow-on contract worth $90 million with the Swedish Defence Materiel Administration (FMV) for two new CV90 variants, which are being added to the Swedish CV90 RENO upgrade program.

The two new variants will be delivered by BAE Systems’ Swedish joint venture HB Utveckling AB, which brings together BAE Systems Hägglunds and Bofors manufacturing capabilities. The new variants are the Forward Maintenance vehicle, which will provide critical frontline support, repair, and recovery for other vehicles, ensuring improved overall combat vehicle availability; and the Combat Engineer variant, which will significantly grow the ability to ensure route clearance and deny enemy forces mission critical mobility. These two new variants will join the Swedish Army’s mechanized formations with deliveries scheduled between 2023 and 2027.

“We are proud to be producing these two new CV90 variants for the Swedish Army,” said Tommy Gustafsson-Rask, managing director of BAE Systems Hägglunds. “The collaborative approach involved in the Swedish CV90 RENO program has been recognized as a key success factor in achieving a timely, balanced, and cost-effective solution to meet the customer’s capability requirements. We look forward to supporting our Swedish customer in increasing their combat efficiency.”

The two new CV90 variants will be produced at BAE Systems Hägglunds’ facility in Örnsköldsvik, Sweden and by Ritek in Levanger, Norway. Ritek is one of BAE Systems Hägglunds’ key industrial partners in the Norwegian CV90 program. Ritek’s role in this Swedish program is a significant milestone, moving Ritek into the international CV90 supply chain.

“Ritek has demonstrated that it has the industrial capability and skills required for such a program,” said Peter Sedin, BAE Systems Hägglunds’ director of operations. “As our production partner for a similar Norwegian Army program, it made sense to turn to Ritek when we were looking for the optimal industrial setup for this important FMV contract.”

There are approximately 1,300 CV90s in service with Denmark, Estonia, Finland, Norway, Sweden, Switzerland, and the Netherlands. The vehicle has a combat-proven track record and is designed to accommodate future growth to meet evolving missions. More recently, both Slovakia and the Czech Republic have selected CV90 to replace their legacy infantry fighting

vehicle fleets.

The CV90 will now be available in 17 variants and is designed to provide optimum mobility, with the highest level of protection in any terrain or tactical environment. The CV90 MkIV combines improved battlefield speeds and handling with an upgraded electronic architecture to support future growth capabilities as the complex battlefield evolves.

DroneShield Receives HIRE Vets Gold Medallion Award from the U.S. Department of Labor

Wednesday, November 16th, 2022

Warrenton, VA – U.S. Secretary of Labor Martin J. Walsh recognized DroneShield LLC as a recipient of the 2022 HIRE Vets Medallion Award during a virtual award ceremony presented by U.S. Department of Labor. The Honoring Investments in Recruiting and Employing American Military Veterans Act (HIRE Vets Act) Medallion Program is the only federal award program that recognizes employers who successfully recruit, hire, and retain veterans. DroneShield earned the HIRE Vets Gold award (as a small employer) for its efforts and commitment to supporting veteran employment on its team.
 
“We’re honored to receive this HIRE Vets recognition by the Department of Labor and Secretary Walsh,” stated Matt McCrann, US CEO of DroneShield. “We’re proud of each of our veterans here at DroneShield and the work they do continuing to support some of the same Federal communities that they previously served among. Our company’s mission directly aligns with that of many veterans and we’ll always look to incorporate the skills and unique experience of our vets across the company, as well as continue to expand the career opportunities for our current and future veteran teammates.”
 
DroneShield joins other companies from 49 states, plus the District of Columbia, who have shown a commitment to hiring veterans, but also ensuring that they have a long-term career and growth plan that uses the diverse skills they acquired through their military service.

Recipients of the 2022 HIRE Vets Medallion Award meet rigorous employment and veteran integration assistance criteria, including (but not limited to) a high level of veteran hiring and retention percentages, availability of veteran-specific resources, and leadership programming for veterans. More than 1,400 employers have joined DroneShield in earning a HIRE Vets Medallion Award since 2018.

Alien Gear Holsters New Swivel Drop Leg Extension Added to Growing Rapid Force Duty Gear Line

Wednesday, November 16th, 2022

Alien Gear Holsters® beefs up holster carry options for their law enforcement/military line of Rapid Force™ duty gear with the new Swivel Drop Leg extension.

Post Falls, Idaho (November 2022) – Alien Gear Holsters®, designers and manufacturers of American-made holsters and firearms accessories, and the Rapid Force™ line of Level 2 and Level 3 Duty Holsters, announce the new Swivel Drop Leg extension for the Rapid Force duty holster product line. For law enforcement, military, or any professional wearing a chest rig or vest, fully geared up, the drop leg holster system is a necessary carry method, and the new Alien Gear Swivel Drop Leg extension is the latest addition to their growing line of QDS (quick disconnect system) products.

Made from a high-impact strength, polymer blend, the Swivel Drop Leg is a single-strap, Quick Disconnect System, drop leg holster extension that uses a swivel design to move in tandem with the wearer’s leg.  With its minimalistic design, it is just as rugged and “built like a tank” as any of the other Rapid Force gear. The innovative movement system allows for a new range of movement, increasing overall mobility without sacrificing security. The Swivel Drop Leg extension covers less leg space, and an easy reach for a secure draw and reholster. It offers an adjustable ride height for low, middle and high and works with the Alien Gear Locking Belt Slide and other QDS mounts. The Rapid Force Swivel Drop Leg system functions seamlessly with the Rapid Force LVL 2 Slim Holster and the Level 2 and 3 Rapid Force Duty Holster.

“For officers and tactical operators, our new Swivel Drop Leg extension increases carry options by allowing the user to maintain consistency throughout our holster system,” Joe Lienemann, Director of Law Enforcement Sales for Alien Gear Holsters, said. “When the situation calls for it and the training kicks in, the operator can safely rely on our platforms for their performance, ruggedness, and durability, and focus on the mission at hand, instead of worrying about his gear.”

Alien Gear Swivel Drop Leg MSRP $129.88.

For more information on Alien Gear Holsters and the Rapid Force line, visit www.aliengearholsters.com.

Lindnerhof-Taktik Sets 16 November for Launch of New Adapter Sets and Harnesses

Wednesday, November 16th, 2022

LENGGRIES, GERMANY (15 NOV 2022)—Lindnerhof-Taktik GmbH will tomorrow round out a remarkable year of product introductions with the launch of several innovative adapters and harnesses designed to make the brand’s earlier gear additions more versatile and combinable.

The new products are:

• Waist Belt MX129
• Waist Belt Adapter 3-Rows MX345
• Waist Belt Adapter Quick Release 3-Rows MX346
• Hook Buckle Adapter MX498
• Plate Rig Harness Set MX731
• Chest Rig Harness MX732
• Chest Rig Adapter Kit LT266

“We believe that users of our 2022 product lineup will love these additional accessories because of the way they permit fast and easy transformation of bedrock Lindnerhof setups into entirely new load-outs offering increased utility and functionality,” said Chief Executive Officer Jakob Kolbeck.

Kolbeck offered as an example the brand’s beloved classic Plate Carrier LT025/5. “With these new adapters and harnesses, we’ve opened the door to turning the LT205/5 into a plate carrier suitable for more types of missions, for more of the increasingly challenging kinds of missions operators are today being sent out on,” he said. “Now, with ease, the good old LT205/5 gains a super-lightweight skeletonised waist belt that’s closable using our patented, cutting-edge hook- buckle system. All you need for this is our new Waist Belt Adapter 3-Rows MX345, Waist Belt MX129, and Hook Buckle Adapter MX498.”

Kolbeck described how those items are utilised. “Loop the MX345 in a crisscross manner on each end of the waist belt, then affix the waist belt to the back part of the LT025/5 carrier, just as you are accustomed to doing,” he said. “To close your new waist belt, fix the MX498 Adapters via the supplied Velcro® fasteners on the front part and close the hook buckle. That’s all there is to it.”

Each adapter is sold separately; however, there is also a special adapter available—Waist Belt Adapter Quick Release 3-Rows MX346—for use with the “Schutzweste Infantrie” protective vest from Mehler Vario System GmbH. Like the MX345, the MX346 skeletonises the waist belt.

“What we’ve attempted to do here is offer our users as much modularity as possible,” said Kolbeck. “Because we here at Lindnerhof are former end-users of tactical gear, our thinking about the development of products is guided by what we understand to be the needs of current end-users. However, that understanding does not come solely from our own past experiences but much more from feedback we solicit and receive from current end-users. We do not forget where we came from, but neither do we lose sight of where the current users are going—and that is on increasingly demanding missions.”

Beyond the new options for updating waist-belt systems into modern quick-release versions, Lindnerhof also is including in its product range several new harnesses.

Said Kolbeck: “If you already are using our Split Front Chest Rig MX266, you’ll know already the new Chest Rig Harness MX732, which is a classically designed, softly padded chest rig harness with extra MOLLE/PALS slots and loops to let you carry additional equipment, such as cable guides, hydration tube guides, and more.

“In combination with our newly released Chest Rig Adapter Kit LT266, you’ll be able to create and set up an individualised Lindnerhof Micro Rig. Also, this past April, we announced the availability of our new MX Panels—they have special loops that serve as attachment points for the Adapter Kit LT266 which, in turn, attaches to the new MX732 harness.”

Of the MX732-related Plate Rig Harness MX731, Kolbeck said: “It completes our new product launch and is an essential accessory if you’re a sniper or just need to carry a heavyweight backpack, sit in a vehicle while attired in body armour, or plan to tote our Backpack HL334. The MX731 is intended for use specifically with our Ultralight Plate Carrier MX244, when you don’t need a ballistic plate in the back, the MX731 can take the place of the back part and transform the carrier into a sort of plate rig that gives you an ultra-low profile with no loss of comfort and release options.”

Kolbeck indicated that the MX731 also includes a skeletonised waist belt that precisely fits into the patented hook-buckle system at the front of Ultralight Plate Carrier MX244.

“We are very confident that these final additions to our 2022 product range are not an end- point but are in fact just the beginning of a strong, uninterrupted stream of creative ideas and options to give users of Lindnerhof gear still greater freedom to set up and load out exactly the way they need in order to meet the unique demands of each mission, so please stay tuned.”

For more information about the new adapters and harnesses as well as other Lindnerhof-Taktik products, please visit the company’s web shop at www.hqg.de

SilencerCo to Run End of the Year Promotion

Wednesday, November 16th, 2022

Purchase a Suppressor, Receive a $200 Coupon to the SilencerCo Online Store

November 15, 2022 — West Valley City, UT — SilencerCo has launched an end of the year suppressor promotion running from November 15, 2022 – December 31, 2022. Any customers who purchase one of the qualified SilencerCo suppressors during this timeframe will receive a $200 SilencerCo Store coupon. Qualifying suppressors can be purchased through a SilencerCo dealer, to find a dealer, click here. 

The $200 coupon code will be valid from January 1, 2023 – June 30, 2023 and can be redeemed on any items sold in the SilencerCo Online Store. In order to qualify, customers must register their newly purchased suppressor by January 20, 2023, providing proof of purchase and a completed Form 4. To register, click here.

“There is no limit to the number of qualifying suppressors a customer can purchase,” said VP of Marketing, Customer Service and Warranty, Jessica Kallam. “And customers will receive a $200 coupon for EACH suppressor they register.” 

Qualifying Products (product must be in stock, no backorders): 

• Hybrid 46M SU5107
• Hybrid 46 SU2271 (Black), SU1532 (Gray), SU2641 (FDE) & SU2642 (White)
• Omega 36M SU4735
• Harvester EVO SU5060
• Omega 300 SU2281 (Black), SU1286 (Gray), SU1352 (FDE) & SU2649 (White)
• Chimera 300 SU2616 (Black), SU2645 (FDE) & SU2646 (White)
• Saker 556K SU2256 (Current) & SU851 (discontinued)
• Saker 556 SU2255 (Current) & SU245 (discontinued)
• Omega 9K SU2643 (FDE only other colors not included in this promo)
• Omega 45K SU2254
• Harvester 300 SU627
• Harvester 338 SU666

Terms & Conditions

This promotion is open only to legal U.S. residents age 21 or older.  Void where prohibited.  Employees of SIlencerCo and any of its distributors or dealers involved with this promotion are not eligible to participate.  This offer cannot be combined with SilencerCo special program orders.  SilencerCo reserves the right to end the promotion at any time.

Product/s must be purchased through a retailer between November 15th, 2022 through December 31st, 2022.  A copy of your date stamped receipt and a copy of your form 4 will be required at registration.

No purchase quantity limit. Purchases must be registered by January 20th, 2023.

SilencerCo is not responsible for late submissions. Products cannot be returned or exchanged for other products of similar value or for monetary exchange. Offer good in states that permit silencer ownership.

Offer limited to product/s in stock at your dealer during time of promotion. Failure to submit correct information and documents can result in a delay in processing the promo registration.

• The suppressor/s must be paid in full between Nov 15th and Dec 31st, 2022.

• Each redemption must include one of the qualifying suppressors

• Must submit a date stamped receipt and copy of your filed form 4

• No limit on redemptions

• No backorders

• No layaways

• Coupon code will be emailed to you after your registration has been verified

• Coupon code valid January 1st through June 30th, 2023 

• Coupon code cannot be combined with SilencerCo webstore sales

Rheinmetall Takes Over Spain’s Expal Systems S.A. – Move Brings the Group New Ammunition Production Capacity

Tuesday, November 15th, 2022

Rheinmetall AG today concluded a purchase contract with MaxamCorp. Holding S.L. of Madrid to acquire the entire share capital of Expal Systems S.A of Madrid, a globally renowned ammunition maker. Completion of the transaction, for which a closing date in summer 2023 is sought, is subject to approval by the competition authorities and other regulatory checks. The purchase price agreed between Rheinmetall and MaxamCorp., which is due after closing, is based on an enterprise value of €1.2 billion.

In making this acquisition, the Düsseldorf-based technology enterprise is seeking to bolster its core weapon, ammunition and propellant business in a sustained way, with increased spare production capacity and an expanded product portfolio the prime focal points.

In a dynamic market situation propelled by massive demand for military equipment in multiple countries, the acquisition provides Rheinmetall with swift access to significantly greater capacity. Given the expected large increase in demand from numerous nations, Rheinmetall wants to position itself as strongly as possible to address the anticipated inflow of new requests for tender for ammunition purchases. Of special strategic importance to Rheinmetall in this context is the resulting access to extra production capacity for propulsions and charges, which are subject to bottlenecks in Europe in the meantime.

Because the product spectrums of the two companies complement each other so well, the acquisition substantially augments Rheinmetall’s existing range of products, especially in the fast-growing market for artillery and mortar ammunition as well as mortar systems. The buyout also adds to Rheinmetall’s portfolio in the field of fuses and rocket propulsion systems, for example, as well as in medium-calibre ammunition and aircraft armament, while simultaneously reducing the Group’s dependence on suppliers for some industrial intermediates and ammunition components.

In important areas like purchasing and sales, synergies will have a positive impact on costs, which will also benefit customers.

Thanks to this acquisition, Rheinmetall is gaining a valuable strategic foothold in Spain, and thus direct access to this important market. Rheinmetall sees maintaining the company’s existing technology and staff as essential; all operational locations (Trubia, Burgos, Navalmoral, El Gordo, Albacete and Murcia in Spain as well as Texarkana, Texas in the USA) are therefore to remain open.

Expal Systems S.A. expects sales in FY 2022/23 to be around €400 million.

The company’s total capacity offers scope for potential annual sales of €700 to €800 million.