FN Herstal, a leading Belgian manufacturer of light weapons, has secured a 20-year contract with the Belgian defence ministry for small-calibre ammunition production. The company, which employs 3,000 people across multiple countries, aims to strengthen its market position against competitors like Beretta and Heckler & Koch. With an estimated turnover of €900 million to €1 billion, FN Herstal is expanding its European presence through acquisitions and is benefiting from the EU's 'ReArm Europe' initiative, despite Belgium's lower ranking in global arms exports. Teljes cikk (Euronews.com)