https://www.fool.com/investing/2021/09/25/why-us-gunmakers-could-soon-face-new-competition/
Why U.S. Gunmakers Could Soon Face New Competition
Samuel Colt's venerable company is getting a new lease on life under European ownership.
Rhian Hunt
(TMFRhianHunt)
Sep 25, 2021 at 8:24AM
Author Bio
Key Points
Firearms demand is coming down from record levels but still experiencing significant growth.
Czech gunmaker CZG’s acquisition of Colt gives it a major foothold in the U.S. firearms industry.
CZG's ownership of Colt and production of firearms at Colt factories will allow it to compete for U.S. military contracts under the Buy American Act.
Motley Fool Issues Rare “All In” Buy Alert
Major names in the U.S. firearms industry, including Smith & Wesson Brands (NASDAQ:SWBI) and Sturm, Ruger & Company (NYSE:RGR) could soon have significant new competition. Czech gun manufacturer Česká zbrojovka Group (OTC:CZGZ.F), or CZG, is gearing up for a strong push into the U.S. after acquiring Colt.
CZG is now much better positioned to compete for law enforcement and military firearms contracts in the U.S., along with expanded civilian firearm sales. Aiming to double its revenue to $1 billion or more, it looks like competition will be ramping up for this industry.
Why U.S. Gunmakers Could Soon Face New Competition
Samuel Colt's venerable company is getting a new lease on life under European ownership.
Rhian Hunt
(TMFRhianHunt)
Sep 25, 2021 at 8:24AM
Author Bio
Key Points
Firearms demand is coming down from record levels but still experiencing significant growth.
Czech gunmaker CZG’s acquisition of Colt gives it a major foothold in the U.S. firearms industry.
CZG's ownership of Colt and production of firearms at Colt factories will allow it to compete for U.S. military contracts under the Buy American Act.
Motley Fool Issues Rare “All In” Buy Alert
Major names in the U.S. firearms industry, including Smith & Wesson Brands (NASDAQ:SWBI) and Sturm, Ruger & Company (NYSE:RGR) could soon have significant new competition. Czech gun manufacturer Česká zbrojovka Group (OTC:CZGZ.F), or CZG, is gearing up for a strong push into the U.S. after acquiring Colt.
CZG is now much better positioned to compete for law enforcement and military firearms contracts in the U.S., along with expanded civilian firearm sales. Aiming to double its revenue to $1 billion or more, it looks like competition will be ramping up for this industry.