Market Overview

Forbes Rifle LLC to manufacture Carl Gustaf 2000 Hunting Rifles under Nammo License

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Raufoss, Norway, Jan. 23, 2015 (GLOBE NEWSWIRE) -- Nammo Group and Forbes Rifle LLC have entered into an agreement where Forbes has acquired a global manufacturing and marketing license for Carl Gustaf 2000 hunting rifles.

Carl Gustaf (CG) rifles have been manufactured in Eskilstuna, Sweden, since 1812. The CG 2000 is the latest model in a line of excellent hunting weapons carrying the CG brand name that is known for its design, quality and durability. The CG 2000 rifles are currently available in calibres .243 Win, 6.5 mm x 55 Swedish, .270 Win, .308 Win, .30-06, 7 mm x 64, 9.3 mm x 62, 7 mm Rem Mag and .300 Win Mag and will be made available to the market during 2015. Other calibres are planned for later release.

Raimo Helasmäki, Executive Vice President of Nammo's Small Calibre Division states "I am pleased to bring the well-reputed Carl Gustaf 2000 rifle back to the market and to the many dedicated Carl Gustaf customers".

Jonathan Brawn, Vice President of Forbes Rifle LLC was quoted as saying that "We are extremely excited to work with Nammo and to return a great high quality product like the Carl Gustaf high performance rifle to the world market."

Nammo military ammunition carries the Carl Gustaf brand and head stamp including the 7.62 mm AP (M993) and 5.56 mm AP (M995), which have been supplied to the US Government for more than 20 years. Nammo's 5.56 mm "green" ammunition is now also available on the US commercial market under the Carl Gustaf brand name from selected distributors.

For more detailed information, please contact:
Raimo Helasmäki EVP Small Caliber Division
Nammo Group
Tel: +358 50 3111 070

Sissel Solum
Senior vice President Communication
Nammo Group
Tel: +47 61 15 22 42
Email: info@nammo.com
Web:www.nammo.com

Jonathan Brawn Vice President
Forbes Rifle LLC
Tel.: +1.207.967.8113
Web: www.forbesriflellc.com

Nammo Group The Nammo Group is a high-technology supplier to the aerospace & defence industry. Its core businesses are military and sporting ammunition; shoulder launched munitions; rocket motors and actuators for aerospace applications; and environmentally friendly demilitarization. Nammo has 2,200 employees with offices in Europe, North America and Australia.

Forbes Rifle
Forbes Rifle LLC is a premium producer of light weight, high quality bolt action hunting rifles used worldwide.

HUG#1889082

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