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Last week, Heckler & Koch announced that Compagnie du Développement de l’Eau, a finance company based in Luxembourg has acquired a majority stake in H&K.
Here is the announcement machine translated from the German original. Please excuse any syntax issues.
Luxembourg financial holding company CDE takes over a majority stake in the traditional weapons manufacturer Heckler & Koch
17.07.2020
The Federal Ministry for Economic Affairs and Energy has given the Compagnie de Développement de l’Eau (CDE) approval to acquire a majority stake in H&K AG. New majority shareholder supports economic recovery and thus guarantees long-term stability. CDE stands by locations and the “Green Country Strategy” and wants to expand Heckler & Koch’s technology leadership.
The Federal Ministry for Economic Affairs and Energy (BMWi) approved the shareholder Compagnie de Développement de l’Eau (CDE) S.A., Luxembourg, to acquire a majority stake in H&K AG on July 15, 2020. The board of H&K AG was informed today that the CDE owns a majority stake in H&K AG.
The CEO of H&K AG, Dr. Jens Bodo Koch says: “We are very interested in clear and stable ownership. With a financially strong, long-term oriented majority owner like CDE, the economic stability of H&K is now guaranteed sustainably. The consolidation course started in 2018 can now be continued consistently. ”
After years of losses, H&K again achieved a profit of EUR 1.6 million in the past year. With a view to the first half of 2020, the Management Board expects a further increase in sales and an improvement in earnings.
900 future-proof and innovative jobs
H&K expressly welcomes the fact that continuity, stability and expansion of the technology leadership of the Oberndorf company enjoy special priority for CDE and that the new majority shareholder supports investments in production and development capacities in Germany in this context. “With CDE’s commitment, a good 900 future-proof and innovative jobs have been secured in Oberndorf,” says CEO Jens Bodo Koch.
CDE has been a H&K shareholder for five years and expressly supports the company’s “Green Country Strategy”. After that, the company only supplies democratic countries, which belong in particular to NATO and / or the EU, and are treated as equal to NATO. It is one of H&K’s corporate principles that weapons belong in the right hands. For H&K, these are soldiers and police officers in democratic countries, who ensure the security and integrity of citizens. They deserve the best equipment for their indispensable and often challenging hard work.
Continuation of the growth and innovation course
With the new majority owner, H&K can continue the growth and innovation course embarked on by the board. The success of this course is already visible. In 2019, the operating profit before taxes (EBITDA) was 30.3 million euros (12.6% of sales), 63 percent higher than in 2018 (18.6 million euros or 8.4% of sales) ). After a successful first half of the year, H&K expects to see profitable growth in 2020 despite the corona pandemic due to its sustainable business policy.
H&K’s return to the profit zone can be attributed on the one hand to a cost reduction program and a significant increase in production efficiency, and on the other to an agreement with the workforce to contribute to the consolidation of the company through additional work while at the same time reducing wages.
The positive development made it possible for H&K to put together an investment package worth 25 million euros, which has been used to modernize production and improve the infrastructure since July 2019 until next year. The company is now operationally profitable enough to manage investments like this from its own cash flow.
The overall outlook for the next few years is also positive. H&K was able to record record orders for the second year in a row. In the current year, the company has started delivering 2,000 medium-range weapons to the Hessian police to protect citizens in the event of terror and amok cases. Also this year, the Bundeswehr special forces will launch the new G95K (HK 416 A7) assault rifle from H&K. This weapon replaces the G36K, which also comes from Oberndorf. H&K’s latest success is the start of delivery of just over 6,000 M110A1 (Squad Designated Marksman Rifle / Rifle Scope / SDMR) precision rifles to the US Army.
We want people to be able to live safely. Our products are designed to protect people in liberal, democratic countries from threats and violence. Heckler & Koch is the leading manufacturer of handguns for the NATO and EU countries and is proud that its assault rifles are standard equipment for many European armed and security forces.
This is a critical, yet often overlooked, part of building a fighting a gun.
If you’re hemorrhaging gas between the block and journal you have a less efficient system…which means you’ll need more gas…or the rifle will be more sensitive to conditions that are less than ideal.
These are some of the details that make SOLGW a more robust system. Our tolerance specifications are written specifically for this.
“But they don’t actually make anything…”
Yes we do. We make very reliable rifles…
Engineers at the U.S. Army’s CCDC Armaments Center have designed a firearm sound suppressor that incorporates the features of a high-performance muzzle brake.
Known as the smuzzle, this hybrid device limits the muzzle climb of automatic and semi-automatic weapons while simultaneously providing significant sound suppression.
The Smuzzle’s flow-through design features asymmetric venting through tiny holes which researchers claim results in a 50% drop in volume at the shooter and a 25% reduction in the flash signature downrange with a minimal weight increase. They also incorporated a feature they refer to as a “bottom blocker” which reduces how much dust is kicked up.
The initial design work comes from a muzzle device for a 155mm Howitzer, but they say it is scalable you any caliber. The team has manufactured multiple devices based on this technology; they’ve made short and light cans (.8 pounds) with the design, and longer three-pound versions.
In these two photos, you can see the Smuzzle mounted to a 6.8mm Next-Gen Squad Weapon Technology Demonstrator. The Smuzzle is 3D printed Titanium and incorporates a bore evacuator.
This weapon was used by Army researchers to establish a baseline during the early stages of the NGSW program. It’s important to note that this demonstrator was manufactured by Textron and based on years of development under the Lightweight Small Arms Technology project of the Joint Service Small Arms Program. It fires Case Telescope ammunition.
Its refinement has included the use of sophisticated engineering techniques including computational fluid dynamics modeling and the center’s state-of-the-art testing equipment.
The size, weight, and durability of the device are tailorable, ie., its manufacture is adaptable.
Prototypes for the NATO 7.62mm and 6.8mm cartridges have been constructed using titanium and/or Inconel 718 steel. 3D printing techniques have also been successfully used.
Based on this research, they have two patents:
U.S. Patent 10,598,458 (33)
U.S. Patent 9,347,727
Below, you can see the Smuzzle attached to an M240B machine gun mounted in a test cradle in a full auto failure test.
Those interested in licensing this technology should visit techlinkcenter.org.
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The U.S Space Force released its logo and motto, Semper Supra (Always Above), July 22, 2020 at the Pentagon, D.C. The logo and motto honor the heritage and history of the U.S. Space Force.
(U.S. Space Force graphic by Staff Sgt. James Richardson)
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HOUSTON, July 21, 2020 – Comp-Tac Victory Gear® is wrapping up a month of giveaways for their eV2™ Max Holster and new eV2™ Magazine Pouch.
Comp-Tac is giving away an eV2 Max Holster and eV2 Mag pouch every week during July through its social media platforms. Specific requirements are listed on the giveaway posts. The final two winners will be announced on Friday, July 24th and Friday, July 31st.
The eV2 Max is an appendix carry, low-profile, hybrid, inside-the-waistband holster with an interchangeable Kydex® shell. The eV2 Mag Pouch is an appendix, hybrid, IWB mag carrier designed to pair with Comp-Tac’s IWB holsters for carrying a spare magazine.
Comp-Tac also offers several IWB holsters perfect for summer use. In addition to the eV2 Max, the company has the Infidel Max, an all-Kydex holster with a cant-adjustable belt clip; the CTAC, an all-Kydex holster with tuckable belt clips attached by leather tabs; and the MTAC, a hybrid holster with a comfortable, two-layer leather backing and tuckable belt clips.
“Concealed carry can offer challenges any time of the year, but as clothing changes during the summer it can be even more difficult. Our giveaway allows us to continue to connect with our customers to showcase product and have a little fun during these hot months,” commented Bill Babboni, vice president of sales and operations.
