Arming Ukraine Turns Soviet Tank Refitter Into a Billionaire [BNN Bloomberg (Canada)]
Vista Outdoor Inc. (VSTO)
Last vista outdoor inc. earnings: 2/6 06:55 am
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Source: BNN Bloomberg
Now it's part of a compound churning out hardware for Europe's latest conflict, and has made a billionaire out of its owner. Excalibur Army takes rusting Soviet-era tanks — often with mud and grass on them — and refits them for action. Since Russia invaded Ukraine in February 2022, the business run by Michal Strnad has benefited from the biggest demand for weapons since the end of the Cold War. War, of course, can be lucrative. Europe's defense spending pushed shares in makers of military equipment to records this year, driven by orders at companies such as Germany's Rheinmetall AG. But Strnad's family owned company stands out in a country that was once a key supplier of arms to NATO's adversaries in the former Eastern Bloc. At 31, Strnad is roughly as old as Excalibur, which was started by his father and is now the biggest and most profitable component of Czechoslovak Group AS, or CSG. Revenue jumped to €1.73 billion ($1.9 billion) last year, the company said last week, more th
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VSTO
News
- Vista Outdoor Inc. (NYSE: VSTO) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Vista Outdoor gains amid report MNC could reach agreement in 2–3 weeks [Seeking Alpha]Seeking Alpha
- Vista mulls two possible owners [Yahoo! Finance]Yahoo! Finance
- Vista Outdoor gives American investors another chance to raise their bid [Yahoo! Finance]Yahoo! Finance
- Revelyst Announces Chief Supply Chain Officer [Yahoo! Finance]Yahoo! Finance
VSTO
Earnings
- 1/31/24 - Miss
VSTO
Sec Filings
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- 4/2/24 - Form DEFM14A
- VSTO's page on the SEC website