Deep Read: Rare insights into Germany's largest handgun factory
Heckler & Koch was on the verge of collapse. Then a new CEO arrived and Russia invaded Ukraine. Now assault rifles are bringing in hefty profits - and funding the fire department and swimming pool at the company's headquarters.
Heckler & Koch, a German arms manufacturer, has reported a record revenue of €393 million and an operating result of €67.9 million in the past fiscal year. The company has also secured new orders worth €802 million and seen a 50% increase in revenue in the first half of the year. Heckler & Koch's CEO, Jens Bodo Koch, attributes the company's success to its long history of supplying military and security forces, including the German military, which has recently ordered 250,000 G95 assault rifles.
The company, which is majority-owned by the Luxembourg-based Compagnie de Développement de l’Eau, has invested heavily in its infrastructure and plans to continue doing so, with €235 million set to be invested between 2026 and 2029.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
