I'll just leave this 5 year old article here.........
West Hartford, CT May 20, 2005 – Colt Defense LLC, a designer, developer and manufacturer of small arms for miltary and law enforcement agencies, announced today the completion of its acquisition of the Logistics & Defense Division, Diemaco, from Héroux-Devtek Inc. (TSX: HRX). The Diemaco business will now be operated as Colt Canada Corporation, a wholly owned subsidiary of Colt.
Colt Canada, based in Kitchener, Ontario, Canada, is a defense contractor that supplies small arms to military and law enforcement agencies. Since 1976, Diemaco has served as Canada’s Small Arms Center for Excellence.
Colt Canada continues as Canada’s sole contractor for the manufacture of C7 and C8 rifles and carbines under license from Colt. These weapons are versions of M16 and M4 weapons that use technical data owned by Colt. Weapons manufactured by Colt Canada supply military troops of NATO countries as well as Canadian Forces and the Royal Canadian Mounted Police.
Colt produces the M16 rifle, M4 carbine, M203 grenade launcher and other weapons at its Connecticut-based ISO 9001-2000 factory. The Colt Canada ISO 9001-2000 facility employs 100 workers in a world class manufacturing facility located about one hour west of Toronto.
Colt Defense LLC is a designer, developer and manufacturer of small arms for military and law enforcement agencies. Colt is the owner of technical data packages for the M16 and M4 families of weapons. Colt is a privately held company.
Héroux-Devtek Inc., a Canadian company, specializes in the design, development, manufacture and repair of aerospace and industrial products. The Company's head office is located in Longueuil, Québec. Héroux-Devtek operates eight business units grouped under three divisions: the Landing Gear Division, the Aero structure Division, the Gas Turbine Components Division and the Logistics and Defense Division. 75% of the Company's sales are outside Canada, mainly in the United States. Héroux-Devtek’s shares trade on the Toronto Stock Exchange under the symbol HRX.