MANAGEMENT CHANGES AT HECKLER & KOCH, INC.
MANAGEMENT CHANGES AT HECKLER & KOCH, INC. STERLING, Va., May 1 /PRNewswire/ -- Effective today, Heckler &
Koch, Inc., of Sterling, will become a wholly owned subsidiary of Royal Ordnance, Inc. This follows the acquisition last year of Heckler & Koch, GmbH, the parent company in Germany, by Royal Ordnance plc.
The present directors of the company have resigned by mutual agreement. Today, Peter McLoughlin, president of Royal Ordnance, Inc., becomes chairman and chief executive and Stephen Otway becomes the president and general manager. Otway, who has had a wide experience in the United States small arms industry, is currently vice president responsible for law enforcement and commercial sales. Background H & K Inc. was a subsidiary of H & K, GmbH, which was acquired by the Royal Ordnance Division of British Aerospace Defense Ltd. in the spring of 1991. As part of the rationalization of activities, the U.S. subsidiary has been put under control of Royal Ordnance, Inc., based in Arlington, Va. The present chairman of H & K Inc., Lt. Gen. David Grange, Jr. has agreed to remain on as adviser to the new chairman. Dr. Florian Deltgen, who has been president since 1984, has elected to leave the company. Otway, the new president and general manager, has worked in the U.S. small arms industry for over 20 years and has been very much associated with the recent product growth at H & K Inc. H & K Inc. imports a range of H & K weapons, including the world renowned MP5 9mm submachine gun, and has exclusive U.S. distribution rights for the Benelli and Heym range of sporting guns. H & K Inc. is currently under contract for the development of a new .45 caliber pistol for the U.S. Department of Defense Special Operations Command, Tampa, Fla. -0- 5/1/92 /CONTACT: Phil Soucy for Royal Ordnance, 703-516-2710/ CO: Heckler & Koch, Inc.; Royal Ordnance, Inc. ST: Virginia IN: SU: PER
TW -- DC010 -- 5349 05/01/92 09:41 EDT
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|Date:||May 1, 1992|
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