Colt CZ Group SE subsidiary Ceská zbrojovka won a tender to supply pistols to the German Army (Bundeswehr). The company has not disclosed any further information.  

According to media reports, the deal will involve the delivery of approximately 200k P13 pistols, totaling EUR56m (CZK1.36bn). The first phase will entail delivering 65k pistols, valued at EUR19m (CZK460m).

The total contract value of EUR56m (CZK1.36bn) represents approximately 5.7% of Colt's annual revenue.

The fact that Colt is in the final stages of a competition to supply pistols to the German Army was no secret to the market. Nevertheless, we consider the report to be clearly positive, even though part of it may already be priced.

Autor: Bohumil Trampota