Author: Jane Edwards|| Date Published: April 8, 2019
Global Ordnance has finalized its acquisition of Chemring Military Products for an undisclosed sum in a move to expand its presence in the non-standard ammunition and weapons market.
Global Ordnance said Friday it will integrate CMP™s personnel and contracts into its organization and expects the transaction to help build up the company™s reputation as a supplier of NSA and NSW to defense, government and commercial clients.
CMP, a Chemring Group subsidiary, is a supplier of U.S. standard and non-standard weapons and ammunitions and recorded $111M in fiscal 2018 revenues and $10.5M in operating profit.
Sarasota, Fla.-based Global Ordnance is a veteran-owned small business founded in 2013 and provides ammunition, firearms and other military equipment to the U.S. Army, Special Operations Command and other defense and military clients.
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Global Ordnance has finalized its acquisition of Chemring Military Products for an undisclosed sum in a move to expand its presence in the non-standard ammunition and weapons market.
