TrueVelocity buys LoneStar with NGSW firmly in mind
True Velocity and LoneStar are teamed in a bid for the NGSW programme. (Photo: True Velocity)
TrueVelocity says its acquisition of LoneStar Future Weapons will enable a more efficient Next Generation Squad Weapons offering for the US Army.
True Velocity announced on 10 November that it is acquiring LoneStar Future Weapons — its team-mate in a bid for the US Army Next Generation Squad Weapons (NGSW) programme — in a ‘strategic acquistion’ worth about $84 million.
LoneStar will operate as a wholly owned subsidiary of True Velocity parent company TV Ammo. True Velocity stated that the deal ‘allows the two companies to leverage substantial synergies and business efficiencies in the development and production of advanced weapons and ammunition for the Next Generation Squad Weapons programme and other forthcoming force modernisation contracts’.
True Velocity and LoneStar formed a strategic partnership for NGSW in April 2021, offering a semi-automatic rifle and an automatic rifle designed to fire the 6.8TVCM cartridge.
LoneStar assumed the prime contractor role from General Dynamics Ordnance & Tactical Systems and True Velocity continued to serve as a subcontractor responsible for the provision of its 6.8TVCM composite-cased cartridge.
Beretta (ammunition design) and Delta P Design (suppressors) are also part of the TrueVelocity team for NGSW.
The NGSW programme is expected to reach the vendor selection stage in January 2022.
More from Land Warfare
-
![Canada places $231 million order for 85 Rheinmetall HX trucks]()
Canada places $231 million order for 85 Rheinmetall HX trucks
Canada has become the 21st country to have ordered or operate HX trucks, of which more than 10,000 platforms have been sold in 4x4, 6x6 and 8x8 configurations worldwide.
-
![Lockheed Martin to increase PAC-3 MSE production by 70%]()
Lockheed Martin to increase PAC-3 MSE production by 70%
The company manufactured 380 missiles in 2023 and plans to build 650 missiles per year from 2027.
-
![Latvia enters talks to buy GDELS ASCOD IFV]()
Latvia enters talks to buy GDELS ASCOD IFV
The ASCOD is in service with, or has been ordered by, five countries. In the UK it forms the basis of the British Army’s Ajax and for the US it is the chassis for the M10 Booker.
-
![Latvia orders more Patria 6x6 vehicles]()
Latvia orders more Patria 6x6 vehicles
The first Latvian-made Common Armoured Vehicle System (CAVS) 6x6 armoured personnel carrier was delivered to the Latvian National Armed Forces (NAF) in August, and more than 200 vehicles are expected to be delivered by 2029.
-
![Canadian tech firm makes promise to increase precision and longevity of weapons]()
Canadian tech firm makes promise to increase precision and longevity of weapons
Supplied by Paradigm Shift, EPVD technology has undergone trials with the US and Canadian services.
-
![US Army selects RTX Raytheon as supplier of a wireless power beaming technology]()
US Army selects RTX Raytheon as supplier of a wireless power beaming technology
The capability will work like wireless communication systems but will deliver energy wirelessly through the air instead of providing information.
