Eldorado for weapons – Good deal of German manufacturers with US citizens

Business The largest market in the world

Eldorado for weapons – Good deal of German manufacturers with US citizens

It is said that during a frenzy in the small Texas town of Uvalde, the perpetrator used two AK-15 rifles It is said that during a frenzy in the small Texas town of Uvalde, the perpetrator used two AK-15 rifles

It is said that during a frenzy in the small Texas town of Uvalde, the perpetrator used two AK-15 rifles

Source: Getty Images / Tetra images RF / Tetra Images

Here you can listen to our WELT podcasts

Revocable consent is required for the transmission and processing of personal data to display embedded content, as third party providers of embedded content require this consent [In diesem Zusammenhang können auch Nutzungsprofile (u.a. auf Basis von Cookie-IDs) gebildet und angereichert werden, auch außerhalb des EWR]. By turning the switch to the “on” position, you consent to this (which can be revoked at any time). This also includes your consent to the transfer of certain personal data to third countries, including the USA, pursuant to Art. 49 (1) (a) GDPR. You can find more information on this topic. You can withdraw your consent at any time using the privacy switch at the bottom of the page.

After massacres like the one at an elementary school in Texas, macabre, gun sales tend to increase. German companies also earn a lot in the US market. But in addition to the newly fiery discussion of stricter rules, they are also watching other developments with concern.

FROMAt least not the Heckler & Koch rifle. A German arms maker based in Oberndorf quickly investigated the type of weapon used in a devastating Texas primary school massacre, in which at least 19 children and two adults were shot by an 18-year-old. Initial reports of a frenzy of killing in the small town of Uvalde said the perpetrator had brought two AK-15 rifles to the scene.

Once again, the mass killer misused this rifle, which is said to be America’s favorite assault rifle and is based on the fundamental development of the traditional Colt manufacturer. However, in 2019 it announced that it would cease production of the model for the civilian market due to overcapacity.

There are many other manufacturers that produce AR-15 style pistols, such as Smith & Wesson. Initially, it is unclear who supplied the rifle and which manufacturer in the world’s largest weapons market was making money from it.

There is no other country in the world with more weapons per capita and thus good business opportunities for manufacturers. In April 2022 alone, approximately 1.35 million firearms were sold in the US.

also read

advertorial Invest green

The last primary school massacre happened just 10 days after the mass murder of a grocery store in the US city of Buffalo, in which an 18-year-old shot 10 people with a Bushmaster XM-15 rifle, also an AR-15 rifle-style.

Domino effect on the purchase of weapons

Weapons experts now expect the macabre domino effect of the recent attacks, as has been seen in a long history of similar acts: as many US citizens now fear tighter gun laws, purchases are made for as long as possible. The massacres are by no means a brake on the sale of arms manufacturers, as long as the regulations remain unchanged.

The civilian arms market in the US is an Eldorado for American and European suppliers such as SIG Sauer, Glock from Austria or Heckler & Koch. They are doing great business, while US President Joe Biden asks after the recent massacre, “When in God’s name are we going to oppose the lobby arms in hand?” Business is still booming.

also read

On February 21, 2021, Tobias Rathjen shot nine people, then himself

When the state fails – part 2

The former German arms maker SIG Sauer has stopped producing in Germany altogether and is instead producing in the US with a significant market share. In fiscal 2020 – newer data is not available – the order number of the SIG Sauer Group has doubled to EUR 1.43 billion. The increase “was largely due to strong growth in demand in the US commercial market,” the Federal Gazette reported.

Heckler & Koch with US citizens

On the one hand, Heckler & Koch (H&K) downplays its importance in the American civil market. The spokesman says only 0.25 percent. participation in 2020 in the world’s largest defense market. However, the deal with US citizens is one of the main reasons H&K sales soared last year.

One-third of H&K’s total sales come from the US-dominated civil business. In 2021, the company in the U.S. civil business had sales of 90 million euros – three times more than the U.S. military.

Highly respected by American firearms enthusiasts, Heckler & Koch is also regularly present with a presenter at the annual meeting of the powerful American Shooting Association (NRA), scheduled to begin in Houston, Texas.

also read

The technically improved assault rifle could be fired from a safe cover

Shoot around the corner

The latest massacres will certainly be covered there, and the NRA will explain again what the lobby group always explains after the massacres: no less, but more weapons are needed – only in the right hands. “A bad man with a gun can only be stopped by a good man with a gun,” said the NRA.

A similar statement was made by a spokesman for Heckler & Koch, who did not want to comment on the content of the recent US massacres, but stressed: “We want the weapons to be in the right hands.”

Cases against the arms industry

In addition to the resumed discussion of stricter gun laws in the United States, gun manufacturers are watching a different development with concern: in February, families of nine victims of the Sandy Hook elementary school shootout in 2012 reached a settlement of $ 73 million. producer . Twenty first-graders and six teachers were killed in the massacre.

also read

Russia's share as the world's second-largest arms exporter drops from 24 percent to 19 percent

The AR-15 rifle, produced by the American manufacturer Remington, was used again. The trading company and store were also sued. Now the case could serve as a template for new lawsuits and increase the business risk of arms manufacturers for distribution in the US.

Here you can listen to our WELT podcasts

Revocable consent is required for the transmission and processing of personal data to display embedded content, as third party providers of embedded content require this consent [In diesem Zusammenhang können auch Nutzungsprofile (u.a. auf Basis von Cookie-IDs) gebildet und angereichert werden, auch außerhalb des EWR]. By turning the switch to the “on” position, you consent to this (which can be revoked at any time). This also includes your consent to the transfer of certain personal data to third countries, including the USA, pursuant to Art. 49 (1) (a) GDPR. You can find more information on this topic. You can withdraw your consent at any time using the privacy switch at the bottom of the page.

“Everything in stock” is the daily stock photo of the WELT business editorial office. Every day from 7am with financial journalists from WELT. For stock market experts and beginners. Subscribe to a podcast on Spotify, Apple Podcast, Amazon Music and Deezer. Or directly via an RSS feed.

Leave a Comment