HORNADY’S NEW 6mm CARTRIDGE
Hornady® is proud to introduce the new 6mm ARC (Advanced Rifle Cartridge). Recently tested, selected and fielded by a specialized group within the U.S. Department of Defense for its multipurpose combat rifle program, the 6mm ARC is a truly versatile cartridge that maximizes the potential of the AR-15 platform. The consumer offerings will feature bullets selected to deliver ideal performance for hunting, match shooting and personal protection applications.
“The 6mm ARC began with a simple question: What can we do with today’s technology to maximize the performance of the AR-15 platform?” Hornady Ballistician Jayden Quinlan said. “We subsequently modeled and tested a variety of designs in different calibers until we were able to produce the most flexible cartridge possible within the limits of the AR-15 system.”
This new cartridge delivers less felt recoil than larger short-action-based cartridges, yet takes full advantage of modern, heavy caliber 6mm bullets that provide excellent accuracy and ballistic performance at extended range.
The 6mm ARC delivers substantially better ballistics than the 5.56 NATO with similar recoil and yet delivers comparable ballistics to the venerable .308 Winchester with 30% less weight on both weapons system and ammunition.
Hornady plans to have the CIP approval at the end of 2020. The 6mm ARC will be available in the following product lines: 6mm ARC 105-grain BTHP Hornady BLACK®; 6mm ARC 108-grain ELD® Match™; and 6mm ARC 103-grain ELD-X® Precision Hunter® (Available Fall 2020).
Hornady also offers everything needed to reload the 6mm ARC with a multitude of existing 6mm Hornady bullets, dies and components. Reloading data will be available on the Hornady Reloading App.
ST ENGINEERING SECURES OVER $1.6B IN NEW CONTRACTS
ST Engineering announced new contracts worth about $1.6B, secured by its Aerospace and Electronics sectors in the first quarter (1Q) of 2020. These contracts are over and above a defence contract that its Land Systems arm secured.
The group’s Aerospace sector secured about $838M across its spectrum of aviation manufacturing and MRO businesses. The MRO contracts included A320 heavy maintenance contracts and CFM56-7B engine maintenance contracts from Chinese airlines and a component Maintenance-By-the-Hour (MBHTM) contract from a Southeast Asian airline to provide comprehensive component maintenance services for its entire fleet of Boeing 737 and Bombardier Q400. ST Engineering’s Electronics sector secured about $730M worth of contracts for products and solutions in smart mobility, cybersecurity, data analytics as well as training and simulation.
Defence Contract by the Land Systems Sector
In addition to the above $1.6B new contracts, the group’s Land Systems arm secured a Phase 2 contract for the production and supply of the Hunter Armoured Fighting Vehicle (AFV) from the Singapore Ministry of Defence. Under the contract, ST Engineering will also provide integrated logistics support which includes spares, training and documentation.
Due to the COVID-19 pandemic and its evolving circumstances, ST Engineering is discussing adjustments to delivery schedules or addressing order cancellations with its customers. As at the end of 1Q, the group’s order book remains robust.
The above developments are not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.
All figures are denominated in Singapore dollars unless indicated otherwise.
ST Engineering is a global technology, defence and engineering group specializing in the aerospace, electronics, land systems and marine sectors.