Texas-based True Velocity has introduced that it’ll purchase next-generation weapon producer LoneStar Future Weapons in a transaction valued at roughly $84 million. The strategic acquisition allows True Velocity to increase its progressive strategy to light-weight ammunition growth and superior manufacturing know-how into the weapons trade, leveraging LoneStar Future Weapons’ substantial experience in analysis and design, precision manufacturing, high quality management and manufacturing effectivity. Because of the transaction, True Velocity will add LoneStar’s preeminent patent portfolio round next-generation weapons and projectile know-how to an already-robust assortment of greater than 340 patents both issued or pending within the light-weight ammunition area. LoneStar Future Weapons will function as a completely owned subsidiary of True Velocity mother or father firm TV Ammo, Inc.
“Incorporating LoneStar Future Weapons’ progressive strategy to weapon design and manufacture, together with their important mental property portfolio and licensing experience, into TV Ammo’s holdings strategically positions our enterprise to have a long-lasting and significant affect on the lethality of U.S. combating forces,” stated True Velocity Chairman and CEO Kevin Boscamp. “.”
Commercial
“The LoneStar workforce is extraordinarily excited to work extra intently with True Velocity to implement our next-generation weapons, projectile know-how and recoil-mitigation know-how into the wonderful polymer ammunition ecosystem. Collectively, our American-owned, American-based corporations will present our warfighters with the easiest weapons and ammunition to guard our nation,” stated Craig Etchegoyen, chairman of LoneStar Future Weapons.
In April 2021, LoneStar Future Weapons introduced a strategic partnership with True Velocity to compete within the U.S. Military’s Subsequent Era Squad Weapons program. Below the association, LoneStar Future Weapons assumed the prime contractor position from Basic Dynamics Ordnance & Tactical Methods and True Velocity continued to function a subcontractor answerable for the availability of its superior 6.8TVCM composite-cased cartridge. True Velocity’s acquisition of LoneStar Future Weapons permits the 2 corporations to leverage substantial synergies and enterprise efficiencies within the growth and manufacturing of superior weapons and ammunition for the Subsequent Era Squad Weapons program and different forthcoming pressure modernization contracts.
True Velocity and LoneStar Future Weapons are considered one of two groups remaining within the NGSW program, which is anticipated to culminate in January 2022. Present manufacturing features a semi-automatic rifle and an automated rifle designed to fireplace True Velocity’s proprietary 6.8TVCM composite-cased cartridge. LoneStar Future Weapons and True Velocity additionally plan to develop a light-weight medium machine gun, in addition to commercially out there merchandise, sooner or later. Texas-based LoneStar Future Weapons is a complicated know-how firm targeted on the manufacture of next-generation protection options. True Velocity is a complicated know-how and composite manufacturing firm based mostly in Garland, Texas. Based in 2010, True Velocity has greater than 250 patents pending or issued on its merchandise, know-how and manufacturing processes. Initially, the corporate is targeted on revolutionizing the ammunition trade. True Velocity merchandise are manufactured within the U.S. in a state-of-the-art facility and are at present out there to public companies, with shopper merchandise out there quickly.
