True Velocity, FN America Approaching Launch of Conversion Kits for M240 [Yahoo! Finance]
Breeze Holdings Acquisition Corp. (BREZ)
Company Research
Source: Yahoo! Finance
GARLAND, Texas, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Less than nine months after announcing a strategic development partnership, Texas-based advanced technology company True Velocity and FN America, global leader in the development and manufacture of high-quality, reliable firearms and other technologies for military customers, announced today their efforts to produce a 6.8TVCM conversion kit for existing M240 machine guns are nearing completion, with availability for defense procurement expected as soon as Q4 2024. The two companies said that extensive, rigorous evaluation of the “switch-barrel” capability is nearly finished and that manufacturing plans are underway. True Velocity and FN commenced a First Article Test of the conversion kit at FN's Columbia, S.C., facility on May 8, 2023, requiring more than 30,000 rounds of True Velocity's proprietary 6.8TVCM cartridge to be fired through the M240 platform over several months. The “switch-barrel” conversion kit allows existing M240
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BREZ
Sec Filings
- 4/25/24 - Form 10-K/A
- 4/1/24 - Form 10-K
- 3/21/24 - Form 10-K/A
- BREZ's page on the SEC website