Foreign Purchase of U.S. Ammo Maker Sparks National-Security Battle

**wew3** · May 22nd, 2024, 03:33 PM

From the WSJ.

Foreign Purchase of U.S. Ammo Maker Sparks National-Security Battle
Opponents of deal stress need for American ownership amid gunpowder shortage and concern over China-Russia influence

By Brett Forrest
Updated May 22, 2024 12:31 am ET

The potential sale of an American ammunition maker to a Czech arms company is drawing scrutiny from some lawmakers, highlighting concern about foreign ownership in a key industry in the midst of global arms shortages sparked by the continuing wars in Ukraine and Gaza.

Minnesota-based Vista Outdoor announced in October that it had agreed to a $1.91 billion sale of its ammunition business—which includes brands such as Remington—to the Czechoslovak Group, or CSG, based in Prague, a major supplier of munitions and military equipment to Ukraine.

Opponents of the deal, including former Secretary of State Mike Pompeo and Sen. J.D. Vance (R., Ohio), an ally of former President Donald Trump, have alleged CSG links to China and Russia and urged the Treasury Department to block the sale through the Committee on Foreign Investment in the U.S., or Cfius, which is reviewing the purchase.

They have said that the CSG deal would give the foreign company a grip on domestic small-arms ammunition supply. Vista is entertaining a rival bid from a Texas investment group.

Story continues at https://www.wsj.com/politics/nationa...hare_permalink

**JenniferG** · May 23rd, 2024, 12:17 AM

Well, whatever happens we have to get the tards that run Vista out of the firearms businesses. They absolutely suck at it.

**esh21167** · May 23rd, 2024, 07:05 AM

Originally Posted by JenniferG

Well, whatever happens we have to get the tards that run Vista out of the firearms businesses. They absolutely suck at it.

Here, here. I concur.

**RockIsland** · May 23rd, 2024, 07:16 PM

Originally Posted by JenniferG

Well, whatever happens we have to get the tards that run Vista out of the firearms businesses. They absolutely suck at it.

I'd rather have the Czechs owning it. They make good ammo, and they're actually pro gun.

**chp1911** · May 23rd, 2024, 07:42 PM

Originally Posted by RockIsland

I'd rather have the Czechs owning it. They make good ammo, and they're actually pro gun.

As long as production stays within the continental US.

**MikeinPhilly** · May 23rd, 2024, 08:21 PM

They need to stop letting foreign nations buy US companies no matter if they are friend or foe. ROI for shareholders is a good thing but they need to draw the line on greed sooner rather then later. Keep the company and products in the USA allows us to thrive, xenophobia can be a good thing at times