was acquired by the French government-owned defense contractor giant GIAT Industries in late 1990.
He said that during the 10- to 12-year period prior to GIAT stepping in, "There was just no money available for investment in new products.
January 1991, GIAT acquired Fabrique Nationale (FN), the parent company of Browning.
Two of the strongest brand names in the world, Browning and Winchester, being complementary and compatible, made GIAT the world leader in guns.
When GIAT offered me the job of heading Winchester and Browning U.
GIAT committed to an investment of $18 million, not counting construction of the new building.
United Defense will be supported in this program by its teammates and principal sub-contractors, Bofors Defence of Karlskoga, Sweden and GIAT
Industries of Versailles, France.
Under a teaming agreement signed with Bofors, of Karlskoga Sweden, and GIAT, of Versailles France, United Defense will serve as the prime contractor for the U.
The BONUS system was developed by Bofors and GIAT and is now in serial production in both Sweden and France under multi-year production contracts.
CADvision has many significant customers in France, such as EADS, General Electric, Alstom, Alcatel, Renault, GIAT
, and many other medium-size accounts.
The company was awarded contracts during the quarter from both existing and new customers including Richel Serres and GIAT
Industries, both of France, and Komatsu America.
Just before the Summer vacation this year, Bofors Defence together with its partner the French company GIAT
received orders from the Swedish and French defence forces for series production of the 155 mm field artillery shell BONUS.