Česká zbrojovka better known as CZ, is in negotiations to acquire Colt Manufacturing. Colt, is one of the oldest and longest running U.S. firearm manufacturers in US history. Now, the company is on the verge of being acquired by one of Europe’s leading firearm brands in CZ.
Recently, the DoD has solicited both FN and Colt to compete for foreign military contracts to produce M16A4s. The DoD foreign contract is worth up to $383 million dollars. The M16A4s would be produced for U.S. Allied Nations such as Iraq, Lebanon, and Nepal. Estimated completion date for the foreign contract is April 2025.