(Boursier.com) — CYBERGUN, a global player in recreational shooting, is very proud to announce that its subsidiary VERNEY CARRON, the oldest French arms manufacturer, has signed a framework contract with the Ukrainian state company Ukrspecexport d a record amount of 36 ME.
This framework contract provides for the supply by VERNEY-CARRON of 10,000 assault rifles, 2,000 precision rifles and 400 grenade launchers. It demonstrates the continued strengthening of bilateral relations between France and Ukraine in terms of defense cooperation and the capacity of players in the French arms industry to put themselves at the service of this cooperation.
The execution of this framework contract is subject to the establishment of the necessary financing, which may be provided by Ukrainian and French funds, within the framework of an agreement between the State
Ukrainian and the support fund for Ukraine. VERNEY-CARRON is committed to working closely with all stakeholders to ensure the completion of this transaction within the agreed deadlines and should welcome a Ukrainian delegation to its Saint-Etienne production site in the coming weeks.
Deliveries of qualification batches are planned for early 2024. The first mass deliveries are planned 6 months after execution of the framework contract, subject to VERNEY-CARRON obtaining the necessary import and export authorizations between France and Ukraine in the field of arms. The delivery process will be spread over 10 months, allowing VERNEY-CARRON to adapt its production tool to the volumes committed.
Hugo BRUGIÈRE, CEO of CYBERGUN and representative of VERNEY CARRON Développement, manager, declared: “I would like, on behalf of all the VERNEY-CARRON and CYBERGUN teams, to express my deep gratitude to the Ministry of the Armed Forces, Mr. deputy for Loire Quentin BATAILLON, Mr. deputy for Rhône Thomas GASSILLOUD, President of the Commission for National Defense and the Armed Forces, the Directorate General of Armaments (DGA) and all the State services which have contributed significantly to the conclusion of this historic agreement. This collaboration demonstrates the commitment of the VERNEY-CARRON and CYBERGUN companies to international security and cooperation between nations.”
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