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* * * PRESS RELEASE * * *

COLT CANADA SIGNS € 33 MILLION CONTRACT WITH DUTCH DEFENCE MATERIEL ORGANISATION.

Kitchener, March 30, 2009 - On 27 March 2009 Jeff MacLeod, General Manager of Colt Canada & Alex Payne, Contracts Manager, signed a 33 million Euro contract with the Defence Materiel Organisation of the Netherlands in The Hague. The contract is for the supply of upgrade packages, optical sights, and accessories to the Dutch Armed Forces. Colt Canada will act as prime contractor with Aimpoint, Oerlikon Contraves, Brügger & Thomet, and Tdi Arms as main subcontractors.

With the upgrade packages, optical sights and accessories the Dutch Armed Forces will be upgrading their existing fleet of Colt Canada assault weapons to the latest standards. The upgrade work will be taken care of by the Royal Netherlands Navy workshop in Den Helder. Colt Canada is offering a 100% industrial participation package.

“The modern battlefield poses huge challenges for soldiers on the ground. This refit will equip them to better meet those challenges” says Jeff MacLeod.

Colt Canada is a small arms manufacturer based in Kitchener, Ontario. Formerly Diemaco, it is owned by Colt Defense of the US. Colt Canada is Canada’s strategic source of assault weapons and has supplied Canada, the Netherlands, Denmark and certain prominent Special Forces with their fleets of assault rifles and carbines. Colt Canada employs 100 highly qualified staff at its facility in Kitchener.

For further information contact Francis Bleeker at +1-519-893-6840 or bleeker@coltcanada.com.

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Colt Canada, based in Kitchener, Ontario, Canada, is a defence contractor that supplies small arms to military and law enforcement agencies, and since 1976 has served as Canada’s Small Arms Centre of Excellence. Photos courtesy of: The Canadian Department of National Defence, The Netherlands Ministry of Defence, The Norwegian Defence Media Centre, www.hjv.dk/ssr and all the soldiers and police who graciously share their photographs with us.