Heckler & Koch — maker of the Marine Corps M27 — is in dire straits
All you folks busting on HK for not producing the guns you crave, it's not HK's fault, it's the fault of German export law. Firearms deemed weapons of war cannot be exported for non-governmental use, even if neutered. It's that simple.
The first principle is that you do not fool yourself. And you are the easiest one to fool. --Richard Feynman
This thread prompted me to read the 2018 annual report. While not great, I suspect it’s a waste of time to suggest it doesn’t look as bad as I had feared.
One line caught my interest. On page 69 of 90. Under business situation paragraph 2.2. They state “The market launch of the first pistol developed in the USA has been considerably delayed and as a result, revenues have not yet been generated by this product.” Anyone have any ideas on what this is?
In the same section they also note the new production processes implemented in 2017 were not able to reach their full potential under these circumstances. This might another reason for the lack of supply beyond government contracts.
The previous section of the report also specifically noted
Access to the US market in general, and the sale of weapons in the USA in particular, subject to both greater restrictions on export licenses from Germany and changing legislation in the USA and individual US states. It cannot be ruled out that the regulations for this market will be tightened in the future as well, making it more difficult to sell our products in this market - which is the largest commercial market in the world by far - from Germany. Their writing not mine.
When discussing sales.
The market in the USA, which is mainly served by our subsidiaries HKD and HKI, generated 21% (2017: 29%) of revenue. The reduction was mainly due to delayed deliveries from HKO resulting from delivery requirements for domestic police and governmental authorities; demand remained fairly stable.
It’s a small company. 936 employees. 825 in Oberndorf and 111 in the US. It’s basically privately owned.
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Why worry about the gun laws here (?)--- same President until 2024 (who cares about "bump stocks"?), and the largest U.S. markets are where the gun laws are favorable.
Something else is going on at HK GmbH ("lack of will", "soft spines", "capitalism adverse", "political"?).
Latest article in Military times regarding HK's demise: https://www.militarytimes.com/off-du...-dire-straits/
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