July 9, 2007
Colt Defense Posts New Terms and Conditions of Purchase

Colt Defense LLC has published revised Terms and Conditions of Purchase. The new Terms and Conditions of Purchase are effective immediately on all new purchase orders placed by Colt Defense.

Colt Defense’s updated Terms and Conditions of Purchase have been developed as part of our ongoing effort to employ best practices in all aspects of our business. As that mission continues, we may modify or amend our Terms and Conditions of Purchase from time to time in the future. The most current Terms and Conditions will be available at all times on our website and will be incorporated into all future purchase orders.

Click here to access the new Terms page.

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June 6, 2005
Colt Defense Announces Filing of Registration Statement for Initial Public Offering
 

West Hartford, Connecticut, June 6, 2005Colt Defense Inc. announced today that, on June 3, 2005, it filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock.  The shares are being offered by Colt Defense Inc.  Banc of America Securities LLC is acting as the sole book-running manager; SG Cowen & Co., LLC is acting as the joint lead manager for the offering; and Friedman, Billings, Ramsey & Co., Inc. is acting as the senior co-manager.

About Colt Defense Inc.

Colt Defense Inc. is a leading designer, developer and manufacturer of small arms and weapon systems for the U.S. military, its allies and federal, state and local law enforcement agencies.  Colt Defense Inc.’s products include military rifles, such as the M4 carbine rifle and its predecessor, the M16 rifle, auxiliary weapon systems and rifles for law enforcement agencies around the world.

 Safe Harbor Statement

A registration statement related to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.  These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

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May 20, 2005
Colt Defense Completes Diemaco Acquisition
 

West Hartford, CT May 20, 2005 – Colt Defense LLC, a designer, developer and manufacturer of small arms for miltary and law enforcement agencies, announced today the completion of its acquisition of the Logistics & Defense Division, Diemaco, from Héroux-Devtek Inc. (TSX: HRX). The Diemaco business will now be operated as Colt Canada Corporation, a wholly owned subsidiary of Colt.

Colt Canada, based in Kitchener, Ontario, Canada, is a defense contractor that supplies small arms to military and law enforcement agencies. Since 1976, Diemaco has served as Canada’s Small Arms Center for Excellence.

Colt Canada continues as Canada’s sole contractor for the manufacture of C7 and C8 rifles and carbines under license from Colt. These weapons are versions of M16 and M4 weapons that use technical data owned by Colt. Weapons manufactured by Colt Canada supply military troops of NATO countries as well as Canadian Forces and the Royal Canadian Mounted Police.

Colt produces the M16 rifle, M4 carbine, M203 grenade launcher and other weapons at its Connecticut-based ISO 9001-2000 factory. The Colt Canada ISO 9001-2000 facility employs 100 workers in a world class manufacturing facility located about one hour west of Toronto.

Profiles

Colt Defense LLC is a designer, developer and manufacturer of small arms for military and law enforcement agencies. Colt is the owner of technical data packages for the M16 and M4 families of weapons. Colt is a privately held company.

Héroux-Devtek Inc., a Canadian company, specializes in the design, development, manufacture and repair of aerospace and industrial products. The Company's head office is located in Longueuil, Québec. Héroux-Devtek operates eight business units grouped under three divisions: the Landing Gear Division, the Aero structure Division, the Gas Turbine Components Division and the Logistics and Defense Division. 75% of the Company's sales are outside Canada, mainly in the United States. Héroux-Devtek’s shares trade on the Toronto Stock Exchange under the symbol HRX.

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Contact: Carlton Chen  
(860) 244-1315 (office)
cchen@colt.com (e-mail)
www.colt.com
 
 

 

February 10, 2005
Colt Defense Announces Strategic Acquisition of Diemaco from Héroux-Devtek

West Hartford, February 10, 2005 – Colt Defense LLC, a leading American defense contractor of small arms, announced today the execution of an agreement with Héroux-Devtek Inc. (TSX: HRX) for the acquisition of its Logistics & Defense Division, Diemaco, based in Kitchener, Ontario, Canada.

Diemaco is a world-class defense manufacturer with a reputation for providing innovative, state-of-the-art small arms solutions, for military and law enforcement forces. Designated by Canada as its Small Arms Center for Excellence, Diemaco has been the Canadian contractor for the Government of Canada since 1984 to manufacture the equivalent of M16 and M4 weapons under license from Colt. Weapons manufactured by Diemaco have been supplied to the military troops of NATO countries as well as to Canadian armed forces.

"The acquisition of Diemaco is part of a larger strategy at Colt Defense to strengthen its leadership in the area of transformational technologies that support the forward and rapid deployment of modern professional armies," said Colt Defense President and CEO LtGen Wm. M. Keys, USMC (ret.). "In addition to expanding our market share in Europe, the acquisition of Diemaco and its engineering expertise will enhance Colt Defense’s research and development capabilities," he added. Diemaco will be operated as Colt Canada Corporation, a wholly owned subsidiary of Colt Defense.

"We are looking forward to creating even stronger ties with the Canadian Government through Colt Canada," said Colt Defense Executive Vice President and COO MajGen James R. Battaglini, USMC (ret.). "The acquisition will complement our West Hartford operations and help us to secure major contracts abroad as well as enable us to further enhance our present weapons platform and develop significant new Colt Defense products," he added. Colt Defense produces the M16 rifle, M4 carbine, M203 grenade launcher and other weapons at its Connecticut-based ISO 9001-2000 factory. The Diemaco facility employs 100 workers in a world class manufacturing facility located in Kitchener, Ontario.

The transaction is subject to customary regulatory and governmental approvals.

Profiles

Colt Defense LLC is an American company whose origins trace back to the company founded by Samuel Colt, an American icon, in 1836. Colt Defense products command a global presence as the weapons of choice for military and law enforcement use in over 80 countries worldwide. Colt is the owner of the technical data packages for the M16 and M4 families of weapons. The M4 carbine is the mainstay of the U.S. Forces, particularly in Iraq. Over 7 million M16 and M4 weapons have been installed all over the world. Colt Defense is a privately held company.

Héroux-Devtek Inc., a Canadian company, specializes in the design, development, manufacture and repair of aerospace and industrial products. The Company's head office is located in Longueuil, Québec. Héroux-Devtek operates nine business units grouped under four divisions: the Landing Gear Division, the Aerostructure Division, the Gas Turbine Components Division and the Logistics and Defence Division. 75% of the Company's sales are outside Canada, mainly in the United States. Héroux-Devtek’s shares trade on the Toronto Stock Exchange under the symbol HRX. 

 

April 21, 2004
Colt Challenges Rivals’ Illegal Marketing Practices

Colt Challenges Rivals’ Illegal Marketing Practices

Connecticut-based Colt Strikes Back Against Copycat Manufacturers Bushmaster Firearms and Heckler & Koch

April 21, 2004, Hartford, Connecticut – Colt Defense LLC today filed suit against Bushmaster Firearms, Inc. and Heckler & Koch and demanded that the two companies end their illegal marketing campaigns with respect to the Colt® M4® carbine.

In its lawsuit filed in the U.S. District Court for the Eastern District of Virginia, Colt cited acts of trademark infringement, trade dress infringement, trademark dilution, false designation of origin, false advertising, patent infringement, unfair competition, and deceptive trade practices. Colt is seeking injunctive relief and damages against the two companies.

Colt is the leading supplier of military and law enforcement weaponry and related products to the U.S. Government and many American allies. It holds a sole source contract to exclusively supply the M4 carbine to all branches of the U.S. military. Only Colt may manufacture an authentic M4 carbine; those made by others are imitations.

The M4 carbine evolved from the most combat-proven family of weapons, the Colt-developed M16 rifle. To develop this carbine, Colt at its own expense integrated 40 years of combat experience of the M16 rifle with advances in technology. Colt then offered this carbine to the U.S. Army that subjected it to a multi-year certification process before finally accepting it for use by American troops.

"This case is about the systematic efforts of Bushmaster and Heckler & Koch to confront us, not as competitors on a level playing field, but with unlawful marketing practices that misrepresent the nature of their products and disparage the products of Colt Defense," said Colt’s President and Chief Executive Officer, Lieutenant General William M. Keys, USMC (retired).

"Colt’s products have been the mainstay of the U.S. military for over 100 years, and have played a significant role in both World Wars and the Vietnamese conflict. Today, our products are in the hands of our elite forces in Iraq. Our reputation was earned the hard way, on the battlefield. And it is our battle-tested reputation that these defendants are attempting to exploit by selling M4 knockoffs," said General Keys.

According to the complaint, both Bushmaster and Heckler & Koch are intentionally and illegally blurring the distinction between their products and the products manufactured by Colt, particularly the M4 carbine. Both Bushmaster and Heckler & Koch have developed copycat versions of the M4 to profit from Colt’s good name and reputation.

In a transparent attempt to mislead potential customers into believing that they are buying "American Made" products, Heckler & Koch, whose principal place of business is Oberndorf, Germany, falsely states that it will manufacture firearms in a plant in Georgia that does not yet exist. In fact, Heckler & Koch’s manufacturing and engineering is performed outside the country, according to the complaint.

The complaint alleges that Bushmaster, which has no legal right or authority to sell to the U.S. military, has intentionally and illegally incorporated the look and feel of the Colt M4 into its "M4 type" carbine. By duplicating the appearance of a real M4 weapon, and employing calculated marketing that blurs the distinction between Colt’s products and their own, Bushmaster deceptively markets its "M4 type" carbine to the civilian market and foreign governments, hoping that consumers will confuse the goodwill associated with the Colt brand with Bushmaster, according to the complaint.

The complaint also alleges that Bushmaster has plagiarized Colt’s M16 and M4 parts numbers. By doing so, Bushmaster intentionally misrepresents to its non-military customers that Bushmaster parts are interchangeable with Colt’s AR-15®, M16 and M4® products – a misrepresentation that could have serious safety repercussions.

Colt Defense LLC is an American company with a direct lineage to the original company founded by Samuel Colt in 1836. Colt Defense products command a global presence as the weapons of choice in over 50 countries. Located in West Hartford, Connecticut, its manufacturing facilities are ISO 9001-2000 certified and quality-certified by the U.S. Department of Defense. The Colt name is famous in the United States and throughout the world, and has long been associated in the minds of military, civilian and law enforcement customers with high quality and innovation. Many of Colt’s products have achieved legendary status. Over 9,000,000 authentic M16 rifles and M4 carbines have been installed for military and law enforcement use around the world.

November 4, 2002
Colt splits in two companies

Effective November 4, 2002, Colt completed reorganizing its operations into separate military and commercial businesses. As a result Colt Defense LLC was established to conduct the business of manufacturing and selling military products while Colt’s Manufacturing Company, Inc. will continue to manufacture and sell commercial products. The ultimate goal of this reorganization is to better position and equip each business to compete in it’s own marketplace.
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