Gunmaker Colt CZ Plans More Acquisitions to Double Sales by 2030

Colt CZ Group SE announced plans to double both its sales and operating profit over the next five years, mostly through acquisitions, as the Czech gunmaker benefits from increased public spending on security.

The Prague-based company is among arms contractors benefiting from a shakeup in the world’s geopolitical order by US President Donald Trump and a push in Europe and parts of Asia to ramp up defense capabilities. It said in March there is a “once-in-a-generation” business opportunity for its core business of supplying military and law-enforcement customers around the world.