• Home
  • News
    • Global Operations
      • Asia
      • Africa
      • Europe
      • Latin America
      • Middle East
      • North America
    • Industry
      • Asia
      • Africa
      • Europe
      • Latin America
      • Middle East
      • North America
      • Oceana
    • Special Interest
      • Asia
      • Africa
      • Europe
      • Latin America
      • Middle East
      • North America
      • Oceana
  • Market
    • Coming Soon
  • Intelligence
    • Job Board
    • Events
    • Contract Awards
    • USMC Deception Manual
  • Resources
    • Contact Us
    • About Us
    • Editorial Policy
    • Privacy Policy
  • Home
  • News
    • Global Operations
      • Asia
      • Africa
      • Europe
      • Latin America
      • Middle East
      • North America
    • Industry
      • Asia
      • Africa
      • Europe
      • Latin America
      • Middle East
      • North America
      • Oceana
    • Special Interest
      • Asia
      • Africa
      • Europe
      • Latin America
      • Middle East
      • North America
      • Oceana
  • Market
    • Coming Soon
  • Intelligence
    • Job Board
    • Events
    • Contract Awards
    • USMC Deception Manual
  • Resources
    • Contact Us
    • About Us
    • Editorial Policy
    • Privacy Policy
Login
Join Free
Home
Asia
Africa
Europe
Latin America
Middle East
North America
Asia
Africa
Europe
Latin America
Middle East
North America
Asia
Africa
Europe
Latin America
Middle East
North America
Coming Soon
Job Board
Events
Contact Awards
USMC Deception Manual
Login
Join Free
Home Special Interest North America Special Interest

Concerns Arise Over Sale of U.S. Ammo Maker to Foreign Owner

  • Editor Staff
  • May 23, 2024
Editorial credit: SvetlanaSF / Shutterstock.com
Share on FacebookShare on TwitterLinkedIn

Conservative lawmakers and officials are raising alarms over the proposed sale of Minnesota-based Vista Outdoor’s firearms business to the Czechoslovak Group (CSG), a major munitions supplier based in Prague. The $1.91 billion deal, announced in October, has sparked national security concerns due to Vista’s significant contracts with U.S. law enforcement and military.

Opponents argue that selling Vista, which produces well-known ammunition brands like Remington, to a foreign entity could jeopardize the reliability and security of the U.S. small-arms ammunition supply. The National Sheriffs’ Association and the National Association of Police Organizations have both voiced opposition to the sale, citing potential risks associated with foreign control of a key domestic industry.

Global arms shortages, exacerbated by ongoing conflicts in Ukraine and Gaza, add another layer of complexity to the debate. Critics worry that transferring ownership to CSG could impact the availability and affordability of ammunition and primers in the U.S. Amid these concerns, Vista is also considering a rival bid from a Texas investment group led by former Vista board member Mark Gottfredson.

Key political figures, including Senators JD Vance (R-Ohio) and John Kennedy (R-La.), Representative Clay Higgins (R-La.), and former Secretary of State Mike Pompeo, have urged the Treasury Department to block the sale through the Committee on Foreign Investment in the U.S. (CFIUS). In a January letter to Treasury Secretary Janet Yellen, Vance highlighted alleged ties between CSG and Russia, underscoring the potential risks of foreign ownership.

“We cannot afford for America’s supply of weapons to fall into the wrong hands,” Vance wrote, emphasizing the need for stringent scrutiny of the deal. Kennedy echoed these concerns, pointing to potential impacts on the supply chain and the company’s dealings with China.

In response, CSG has defended its position, with a spokesman stating that the company has no connections to the Kremlin’s military and ceased its operations in Russia following the 2022 invasion of Ukraine. CSG owner and CEO Michal Strnad further clarified in an open letter to Vance that CSG has been a significant supporter of Ukraine’s military efforts since 2018, supplying crucial weapon systems and artillery ammunition.

Strnad highlighted CSG’s role in supporting the Ukrainian Army, emphasizing the company’s contributions in collaboration with NATO countries, including the U.S. “Since the Russian army’s attack on Ukraine, we have supplied the Ukrainian Army… hundreds of thousands of pieces of artillery ammunition, of which we are one of the most important European manufacturers,” Strnad wrote.

 

Expanded Coverage:

Newsmax

NY Times

Wall Street Journal

Editor Staff

Editor Staff

The Editor Staff at SOFX comprises a diverse, global team of dedicated staff writers and skilled freelancers. Together, they form the backbone of our reporting and content creation.

Subscribe
Login
Notify of
Please login to comment
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
ADVERTISEMENT

Trending News

Third F/A-18 Jet Lost from USS Truman During Red Sea Operations

Third F/A-18 Jet Lost from USS Truman During Red Sea Operations

by Editor Staff
May 8, 2025
0

The USS Harry S. Truman lost another F/A-18F Super Hornet fighter jet on Tuesday when it went overboard during a...

Bodycam Footage Captures Ukrainian Special Ops Wiping Out Russian Unit in Covert Mission

Bodycam Footage Captures Ukrainian Special Ops Wiping Out Russian Unit in Covert Mission

by Editor Staff
May 13, 2025
0

Newly released footage from Ukraine’s Special Operations Forces (SSO) shows a Ukrainian unit eliminating an eight-man Russian assault group during...

Video Shows Close-Combat Clash Between IDF and Hamas in Gaza

Video Shows Close-Combat Clash Between IDF and Hamas in Gaza

by Editor Staff
May 12, 2025
0

A video reportedly released by Israeli local Israeli media outlets shows Israeli Defense Forces (IDF) soldiers in a close-range firefight...

ADVERTISEMENT
ADVERTISEMENT
Next Post
European Leaders Propose $4.3 Billion Iron Dome-Style Defense System

European Leaders Propose $4.3 Billion Iron Dome-Style Defense System

Russian Missile Attack on Kharkiv Kills Seven as Russian Forces Gain Ground

Russian Missile Attack on Kharkiv Kills Seven as Russian Forces Gain Ground

997 Morrison Dr. Suite 200, Charleston, SC 29403

News

  • Global Operations
  • Special Interest
  • Industry
  • Global Operations
  • Special Interest
  • Industry

Services

  • Membership Page
  • Merchandise
  • Recruiting
  • Membership Page
  • Merchandise
  • Recruiting

Resources

  • About Us
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • About Us
  • Contact Us
  • Editorial Policy
  • Privacy Policy
wpDiscuz
No Result
View All Result
  • Home
  • News
    • Global Operations
      • Asia
      • Africa
      • Europe
      • Latin America
      • Middle East
      • North America
    • Industry
      • Asia
      • Africa
      • Europe
      • Latin America
      • Middle East
      • North America
      • Oceana
    • Special Interest
      • Asia
      • Africa
      • Europe
      • Latin America
      • Middle East
      • North America
      • Oceana
  • Market
    • Coming Soon
  • Intelligence
    • Job Board
    • Events
    • Contract Awards
    • USMC Deception Manual
  • Resources
    • Contact Us
    • About Us
    • Editorial Policy
    • Privacy Policy
Subscribe
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Log in to your account

Lost your password?