The Colt manufacturing plant in the state of Connecticut is the last stop on the President's visit to the USA, which primarily focused on discussions at the United Nations in New York. In Hartford, Pavel was hosted by the company's leadership, including the Chairman of the Board of Colt CZ Group, Jan Drahoš, and Colt's CEO, Dennis Veilleux.
In the Hartford factory, which employs around 350 people, Colt produces pistols, Colt Python revolvers, M4 and M16 rifles, and firearms for sport shooting. The Colt CZ Group is a leading global manufacturer of firearms and ammunition for armed forces, personal defense, hunting, sport shooting, and other commercial uses.
They primarily sell their products under the brands Colt CZ (Česká zbrojovka), Colt Canada, CZ-USA, Dan Wesson, Spuhr, swissAA, and 4M Systems. The group is headquartered in the Czech Republic and has manufacturing capacities in the Czech Republic, the USA, Canada, Sweden, Switzerland, and Hungary, employing over 2000 people.
For the first half of this year, the group reported revenues of 6.9 billion Czech koruna, which was a 2.7 percent decrease compared to the previous year due to a decline in firearm sales, currency exchange rate fluctuations, and lower year-over-year sales in the USA. The adjusted profit of the firearms group reached 1.19 billion Czech koruna from January to June, a 1.3 percent increase compared to the same period last year. Revenues in the USA contribute to almost half of Colt CZ group's total revenues.
Presented by the team of employees of CzechTrade Austin, USA.