Small Arms Market Size and Analysis

Recent Developments
In May 2020, Colt Canada, an auxiliary of Colt's Manufacturing Company LLC, was granted an agreement by the Canadian Department of National Defense for the stock of 272 of the new C20 self loading rifle, which is depicted as an Intermediate Sniper Weapon with a 18-inch barrel.
In May 2020, Colt's Manufacturing Company LLC was granted a Joint Foreign Military Sales contract for M16A4 Rifles from the US Army. It is a five-year, IDIQ, firm-fixed-cost Foreign Military Sales (FMS) contract esteemed at USD 383 million.
In April 2020, FN America, a US auxiliary of the Herstal Group, was granted a USD 383 million unfamiliar military deal for M16A4 carbines through the US armed force. This advancement reinforced the ties between the US armed force and the organization.
In April 2020, Èeská zbrojovka a.s. gotten an agreement from the Czech Republic Army for the stock of 39,000 small arms estimated at USD 105 million roughly. Under this agreement, the military will get 16 thousand BREN 2 attack rifles, more than 21 thousand CZ P-10 guns, north of 1,600 CZ 805 G1 underslung explosive launchers, almost 100 CZ SCORPION PDWs, and preparing ammo. This agreement fortified the organization's drawn out attaches with the Czech Army.
In March 2020, Hecker and Koch was granted a USD 33 million agreement by the US Army Contracting Command for the stockpile of Compact Semi-Automatic Sniper Systems and Squad Designated Marksman Rifles. The Compact Semi-Automatic Sniper System, characterized by the Army as the M110A1 rifle, is a variation of the organization's G28 (HK241) stage loaded for 7.62 NATO ammo, while the Squad Designated Marksman Rifle is a variation of the HK-created M110A1. The US Army intends to acquire around 5,000 to 6,000 SDMRs to supplant altered M14 rifles utilized as assigned marksman rifles.
In March 2020, Israel Weapons Industry was granted a USD 117 million agreement by the Indian Ministry of Defense to supply 16,479 Negev NG7 light automatic weapons to supplant its maturing 7.62×54 R-loaded PKMs.
In February 2020, FN America a US auxiliary of the Herstal Group, was granted a USD 119 million agreement by the US Department of Defense north of five years for the stock of in excess of 167,000 M4 and M4A1 carbines.