True Velocity to acquire LoneStar Future Weapons for $84m.

True Velocity, a manufacturer of calibers, agreed to acquire LoneStar Future Weapons, an advanced technology company, for $84m. "Incorporating LoneStar Future Weapons' innovative approach to weapon design and manufacture, along with their significant intellectual property portfolio and licensing expertise, into TV Ammo's holdings strategically positions our business to have a lasting and meaningful impact on the lethality of U.S. fighting forces. It provides a path forward for the development and co-optimization of advanced weapons and munitions for the U.S. Department of Defense, our international allies, and the domestic commercial market," Kevin Boscamp, True Velocity Chairman and CEO.