H&K Lost at home due to Price Tag
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H&K Lost at home due to Price Tag
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North Korea Unveils Two ICBMs
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Germany’s Heckler & Koch Pushes for New Tender

German gun manufacturer Heckler & Koch (H&K) company that lost the major tender to provide the German military's new standard assault rifle pushes for a new tender.

Heckler & Koch has recently failed to win the contract to make the German military's standard assault rifle. The company has been one of the German military's main suppliers since 1959 but most recent rifle G36's accuracy in high temperatures destroyed his legacy. German Defence Ministry decided to drop the assault rifle in 2015 and open bidding for a replacement.

The company was still favourite at new tender but Thuringia-based Haenel Defence won the tender. The rifle performed better in tests, according to German media reports and it was cheaper to buy. However, the company is co-owned by an Abu Dhabi-based company that is in turn owned by the EDGE Group, a United Arab Emirates state conglomerate.

H&K on other hand issued a statement on Wednesday and accused the government of refusing two proposed weapons. “At the same time we are absolutely convinced of the quality of both the HK416 and the HK433,” CEO Jens Bodo Koch said. “This quality was confirmed to us by the Bundeswehr during the competition.” H&K also insisted that none of the 950 jobs at its factory in Oberndorf was under threat because of the decision.

The company has to fight against financial problems as well. H&K is €237 million in debt as of the end of the last year.

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