Nexter (formerly known as GIAT Industries or Groupement des Industries de l'Armée de Terre, Army's Industries Group) is a French Government-owned corporation weapons manufacturer. This article is about the country For a topic outline on this subject see List of basic France topics. A government-owned corporation, state-owned enterprise or government business enterprise is a legal entity created by a Government to undertake commercial A weapon is a Tool used either in Hunting, or attack or defence in Combat for the purpose of subduing enemy personnel or to destroy enemy weapons
It manufactures various weapons and other hardware for the French and foreign militaries, including:
The GIAT group was founded in 1973 by combining the industrial assets of the technical direction of Army weapons of the French Ministry of Defense. Year 1973 ( MCMLXXIII) was a Common year starting on Monday (link will display full calendar of the 1973 Gregorian calendar. The Minister of Defence ( Ministère de la Défense) is the French Government cabinet member charged with running the Military of France The company was nationalized in 1991. Year 1991 ( MCMXCI) was a Common year starting on Tuesday (link will display full calendar of the Gregorian Calendar.
For many years GIAT struggled to turn a profit. The company was operated at a loss, and a 2001 report by the Cour des Comptes described the situation as critical. The Cour des Comptes ( French for "Court of Accounts" is a French government Quasi-judicial body charged with conducting Audits of most Not until April of 2004 did the board of directors present the public with a financial statement showing a profit of several hundred million Euros. This was mainly due to increased export sales, and the modernization of the Leclerc main battle tank and several other armored platforms.
In 2006, the THL-20 turret was selected by Hindustan Aeronautics Limited for use on the HAL Light Combat Helicopter, incorporating an M621 20 mm cannon[1]. Hindustan Aeronautics Limited ( HAL) based in Bangalore, India, is one of Asia 's largest Aerospace companies The HAL Light Combat Helicopter (LCH is a combat helicopter currently being developed in India by Hindustan Aeronautics Ltd for use by the Indian
On 22 September 2006 GIAT became the core of the new company Nexter. Events 66 - Emperor Nero creates the Legion I Italica. 1236 - The Lithuanians Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. [2]
There has been speculation about the sale of the French government majority stake in the company to the British corporation BAE systems.