RUAG Ammotec GmbH of Furth, Germany, has established a U.S. subsidiary to distribute its small-caliber ammunition, as well as frangible rounds produced by Precision Ammunition, the company has announced.
"RUAG Ammotec and Precision Ammunition are a perfect fit and will drive forward RUAG Ammotec's growth strategy worldwide by opening up new markets and strengthening product groups," according to Cyril Kubelka, RUAG's chief executive. "Additionally, it establishes a U.S. presence for the RUAG family of business to actively bid on U.S. government contracts."