Military Camp

SIG in deep doo-doo in Germany

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  • Pops1955

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    Wonder what that means for their ability to satisfy the US Gov military contract?
     

    pronstar

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    Gerald Goeke, Sig Sauer’s attorney in Germany, released a statement at the time describing the transaction as approved by the Obama Administration and that “there remains the strong conviction” that the sale was done in accordance with the law.

    The plot thickens...


    Sent from my iPad using Tapatalk
     

    V-Tach

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    They need to do a better job of vetting their employees too............
     

    SQLGeek

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    Way above my pay grade but the US may contest it if the sale was actually approved by the previous administration.
     

    Kar98

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    Way above my pay grade but the US may contest it if the sale was actually approved by the previous administration.

    The problem isn't whether the American government approved of this sale. They were fine with it and SIG US broke no American laws. It's the GERMAN government SIG Germany is in trouble with because they broke GERMAN law.
     

    EZ-E

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    im still trying to figure out the "goesintas"

    $306 mil, for "NEARLY" 100,000 pistols... that tells me less than 100k pistols.
    My math comes up to $3060.00 for each "pistol".... if 100k pistols. A legion series from Sig is still under $2000, the average Sig goes for $600-$800 retail. I think theres some bribe $$$ factored in.
     

    AustinN4

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    $306 mil, for "NEARLY" 100,000 pistols... that tells me less than 100k pistols.
    My math comes up to $3060.00 for each "pistol".... if 100k pistols. A legion series from Sig is still under $2000, the average Sig goes for $600-$800 retail. I think theres some bribe $$$ factored in.
    Don't know about this case, but large purchases such as this frequently include spare parts and special warranties.
     

    Kar98

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    im still trying to figure out the "goesintas"

    $306 mil, for "NEARLY" 100,000 pistols... that tells me less than 100k pistols.
    My math comes up to $3060.00 for each "pistol".... if 100k pistols. A legion series from Sig is still under $2000, the average Sig goes for $600-$800 retail. I think theres some bribe $$$ factored in.

    Here ya go:

    ibKT9f8.png


    And you can't go by US retail pricing. In comparison to Europe and South America, retailers in the US are pretty much giving their guns away.

    The Sig 2022, subject of this article, (a hidden gem, if you ask me), retails for 900 bucks in Germany. You can get that one for $500 all day long on Gunbroker.
     

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    EZ-E

    King Turd of Shit Mountain
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    Don't know about this case, but large purchases such as this frequently include spare parts and special warranties.
    Even then the $$$ still dont add up...if the total averages $3060 per pistol...they sell the pistol for $1k...then offer $2k in parts & service?
    Seems fishey to me once you see the numbers.
     

    toddnjoyce

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    Even then the $$$ still dont add up...if the total averages $3060 per pistol...they sell the pistol for $1k...then offer $2k in parts & service?
    Seems fishey to me once you see the numbers.

    That’s profit, but it may factor in the cost for tooling to stamp certain things, shipping, import/export expenses, contract options, compliance and regulatory overhead, spare parts/maintenance, etc.

    Then, the contract may be firm fixed price and there’s more risk to the company, or it could be time & materials.

    I’d say though that the legal fees surrounding this transaction have probably exceeded the profit from the deal.
     

    ZX9RCAM

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    I always found that when I purchased in bulk, and this definitely was a bulk purchase, that per piece cost was cheaper than retail....
     
    Every Day Man
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