German arms company to halt deals to non-NATO nations

Heckler & Koch will no longer sell arms to non-NATO countries that are "democratic and corruption free".

German arms company to halt deals to non-NATO nations

World Bulletin / News Desk

Heckler & Koch, one of the world's best-known gunmakers, have changed strategy and in future will only sell to countries that are democratic and free from corruption and that are members of NATO or NATO members' partners, DPA said, citing company sources.

It said this change in strategy would rule out deals with countries such as Saudi Arabia, Mexico, Brazil, India or even NATO member Turkey.

German restrictions on arms exports to the Middle East have weighed on its business, contributing to a 90 percent collapse in operating earnings last year.

The company sued the German government last year for failing to approve a deal to supply Saudi Arabia with parts needed to make its G36 assault rifle.

source: Reuters

 

Last Mod: 29 Kasım 2016, 09:38
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