Futuristic Grenade Launcher From Colt And Northrop Grumman Seen Being Fired For First Time
The footage of the grenade launcher being tested was included in a video montage, seen in the social media post below, that Northrop Grumman put out earlier this week to highlight 'the latest in Bushmaster Chain Gun technology, advanced ammunition and counter-uas [uncrewed aerial systems] solutions.'
Inspired by innovation, perfected with precision.Together with our teammates, we recently demonstrated the latest in Bushmaster® Chain Gun® technology, advanced ammunition and counter-uas solutions.These live-fire scenarios highlighted the depth of our innovations – reliable,… pic.twitter.com/UURCzuvHF7
— Northrop Grumman (@northropgrumman) May 13, 2025
In general, the new grenade launcher has the look of an oversized rifle. It is semi-automatic and feeds from a five-round box magazine. The barrel is between 14 and 15 inches long, and the overall weight is under 15 pounds, Colt has previously told Defense News.
In the recently released video clip from Northrop Grumman, the gun is seen fitted with a Vortex Optics XM157 computerized optic, which the U.S. Army is already acquiring to go along with its new 6.8x51mm XM7 rifles and XM250 light machine guns.
In April, at the Modern Day Marine exposition in Washington, D.C., Northrop Grumman representatives told TWZ's Howard Altman that the company has been focused primarily on developing a family of specialized ammunition to go along with the launcher. Colt has been leading the development of the weapon itself, a mockup of which was shown at the event.
'We're responsible for integration. We went to Colt to help design this [the grenade launcher],' Michael O'Hara, Senior Manager for Tactical Weapons Solutions & Strategy at Northrop Grumman, explained. 'These specialized rounds is [sic; are] all Northrop Grumman, and then we're working with different types of smart optics.'
The mockup of the grenade launcher at Modern Day Marine was equipped with a SMASH-series computerized optic from Israeli firm Smartshooter. SMASH-series optics have been steadily gaining traction across the U.S. military and elsewhere globally in recent years, with a particular eye toward improving the ability of individual shooters to engage small drones. O'Hara also specifically mentioned Vortex Optics as another source of 'smart optics.'
'The program is focused primarily, currently, at surface-to-surface [targets]. So we're able to take out targets down-range that are hidden behind objects. That's the whole purpose of the weapon system,' O'Hara added. 'We are also taking that functionality and taking the prox[imity] capability of the ammo and going to go against UAS. So, for like squad-level/platoon-level protection, a rifleman would be able to utilize this [to] engage UAS, small UASs, for protection.'
The U.S. Army has said its plan for the future Precision Grenadier System (PGS) envisions 'a Soldier portable, shoulder fired, semi-automatic, magazine fed, integrated armament system (weapon, ammunition, fire control) that enables rapid, precision engagements to destroy personnel targets in defilade and in the open with increased lethality and precision compared to legacy grenade launchers, while also not impacting Soldier mobility,' according to a contracting notice the service put out in February. 'The PGS is anticipated to be deployed as a Soldier's primary weapon system, providing organic, close-quarters combat, counter-defilade, and counter-UAS capabilities through a family of ammunition to ranges in concert with the rest of the squad's battlespace, and requiring minimal resupplies to support. This capability shall provide overmatch to comparable threat grenade launchers in near-peer formations in future operating environments to include urban, jungle, woodland, subterranean, and desert, in day, night, or obscured conditions.'
Previous PGS contracting notices have also called for a weapon with an overall length of no more than 34 inches, a weight of 14.5 pounds or less, and an effective range of at least 1,640 feet (500 meters). The PGS also needs to be able to fire rounds along a relatively flat trajectory, with the goal of making it easier to engage targets accurately. The desired maximum range for the PGS is notably greater than that offered by the M203 and M320 grenade launchers currently in Army service, which also fire 40x46mm rounds along a more arced trajectory. Unlike the PGS, the M230 and M320 are both designed to be attached under the barrels of existing standard infantry rifles, though the Army also fields the latter in a stand-alone configuration.
The Army wants a family of specialized ammunition to go along with the PGS that includes a so-called 'Counter Defilade Round' that can 'precisely and quickly defeat personnel targets' behind cover, which would be an air-bursting design. As Northrop Grumman's O'Hara noted, with the help of a proximity fuze, rounds designed for counter-defilade use could also be employed against drones. Armor-piercing, shotgun-like 'close quarters battle' anti-personnel canister, and training rounds are expected to go along with the PGS, as well.
It is important to remember that the Army's current PGS effort follows the cancellation of work on a similarly advanced 25mm grenade launcher, designated the XM25 and nicknamed 'The Punisher,' back in 2018. Work on the XM25 began in the mid-2000s as an outgrowth of an abortive next-generation infantry weapons program called the Objective Infantry Combat Weapon (OICW) that started in the 1990s. Given the stated PGS weight requirement, it is interesting to note that the XM25's 14-pound weight was cited as contributing to its ultimate cancellation. The cost of the grenade launcher and its advanced programmable ammunition, as well as its physical bulk, were also factors.
At least two other grenade launchers are being pitched to the Army now for PGS. These are the Squad Support Rifle System (SSRS) from Barrett Firearms and MARS, Inc., and FN America's PGS-001. The SSRS and the PGS-001 could have an additional leg up thanks to being the two finalists in the Army's xTechSoldier Lethality challenge that wrapped up in 2023. You can read more about what is known about those designs here.
AUSA 23 – FN USA's PGS-001 Precision Grenadier System https://t.co/ItLtkeulGB pic.twitter.com/J3Q1UHkTAZ
— Soldier Systems (@soldiersystems) October 10, 2023
What the Army's timeline now for settling on a PGS design and fielding it is unclear. The aforementioned contracting notice put in February was tied to PGS, but was specifically about a Prototype Project Opportunity described as 'a risk reduction effort separate from the Precision Grenadier Program of Record with the goal of developing technologies associated with the current capability gap.'
The Army clearly still has an active interest in the capabilities that PGS could offer, now further spurred on by the ever-growing threats that drones present. Though the danger posed by drones is not new, it has been very pointedly observed in the ongoing conflict in Ukraine, as well as other hotspots around the world in recent years.
The recently released video shows that Northrop Grumman and Colt are continuing in their development of one grenade launcher design that could meet the Army's PGS needs.
Howard Altman contributed to this story.
Contact the author: joe@twz.com
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(Nasdaq: CELH) is a functional beverage company and the owner of energy drink brand CELSIUS ®, hydration brand CELSIUS HYDRATION TM and health and wellness brand Alani Nu ®. Born in fitness and pioneering the rapidly growing, better-for-you, functional beverage category, the company creates and markets leading functional beverage products. For more information, please visit Forward-Looking Statements This press release contains statements by Celsius Holdings, Inc. ('Celsius Holdings', 'we', 'us', 'our' or the 'Company') that are not historical facts and are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, our prospects, plans, business strategy and expected financial and operational results. You can identify these statements by the use of words such as 'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'should,' 'will,' 'would', 'could', 'project', 'plan', 'potential', 'designed', 'seek', 'target', variations of these terms, the negatives of such terms and similar expressions. These statements are based on certain assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate in these circumstances. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. You should not rely on forward-looking statements because our actual results may differ materially from those indicated by forward-looking statements as a result of a number of important factors. These factors include, but are not limited to: changes to our commercial agreements with PepsiCo, Inc.; management's plans and objectives for international expansion and global operations; general economic and business conditions; our business strategy for expanding our presence in our industry; our expectations of revenue; operating costs and profitability; our expectations regarding our strategy and investments; our ability to successfully integrate businesses that we acquire, including Alani Nu; our ability to achieve the benefits that we expect to realize as a result of our acquisitions, including Alani Nu; the potential negative impact on our financial condition and results of operations if we fail to achieve the benefits that we expect to realize as a result of our business acquisitions, including Alani Nu; liabilities of the businesses that we acquire that are not known to us; our expectations regarding our business, including market opportunity, consumer demand and our competitive advantage; anticipated trends in our financial condition and results of operation; the impact of competition and technology change; existing and future regulations affecting our business; the Company's ability to comply with the rules and regulations of the Securities and Exchange Commission (the 'SEC'); and those other risks and uncertainties discussed in the reports we file with the SEC, such as our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Forward-looking statements speak only as of the date the statements were made. We do not undertake any obligation to update forward-looking information, except to the extent required by applicable law. Condensed Consolidated Balance Sheets (In thousands, except per share amounts) (Unaudited) December 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 615,233 $ 890,190 Accounts receivable-net [1] 490,389 270,342 Inventories-net 230,046 131,165 Prepaid expenses and other current assets 41,420 18,759 Deferred other costs-current [2] 14,124 14,124 Total current assets 1,391,212 1,324,580 Property, plant and equipment-net 72,516 55,602 Deferred tax assets 43,158 38,699 Other long-term assets 36,755 29,990 Deferred other costs-non-current [2] 227,153 234,215 Brands-net 1,104,389 907 Customer relationships-net 117,726 11,306 Goodwill 802,234 71,582 Total Assets $ 3,795,143 $ 1,766,881 LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable [3] $ 120,962 $ 41,287 Accrued expenses [4] 225,859 148,780 Income taxes payable 21,765 10,834 Accrued promotional allowance [5] 200,169 135,948 Contingent consideration 25,000 — Deferred revenue - current [6] 16,071 9,513 Other current liabilities 49,949 19,173 Total current liabilities 659,775 365,535 Long-term debt 862,917 — Deferred revenue-non-current [7] 156,135 157,714 Other long term liabilities 25,002 19,215 Total Liabilities 1,703,829 542,464 Commitment and contingencies (Note 15) Mezzanine Equity: Series A convertible preferred stock, $0.001 par value and 1,467 shares issued and outstanding 824,488 824,488 Stockholders' Equity: Common stock, $0.001 par value; 400,000 shares authorized, 257,769 and 235,014 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 101 79 Additional paid-in capital 1,028,384 297,579 Accumulated other comprehensive income (loss) 2,178 (3,250 ) Retained earnings 236,163 105,521 Total Stockholders' Equity 1,266,826 399,929 Total Liabilities, Mezzanine Equity and Stockholders' Equity $ 3,795,143 $ 1,766,881 [1] Includes $204.5 million and $168.2 million from a related party as of June 30, 2025 and December 31, 2024, respectively. [2] Amounts in this line item are associated with a related party for all periods presented. [3] Includes $17.3 million and $1.7 million due to a related party as of June 30, 2025 and December 31, 2024, respectively. [4] Includes $0.3 million and $0.2 million due to a related party as of June 30, 2025 and December 31, 2024, respectively. [5] Includes $94.8 million and $75.1 million due to a related party as of June 30, 2025 and December 31, 2024, respectively. [6] Includes $9.5 million and $9.5 million due to a related party as of June 30, 2025 and December 31, 2024, respectively. [7] Includes $153.0 million and $157.7 million due to a related party as of June 30, 2025 and December 31, 2024, respectively. Expand (In thousands, except per share amounts) (Unaudited) For the Three Months Ended June 30, For the Six Months Ended June 30, 2025 2024 2025 2024 Revenue [1] $ 739,259 $ 401,977 $ 1,068,535 $ 757,685 Cost of revenue 358,408 192,879 515,311 366,380 Gross profit 380,851 209,098 553,224 391,305 Selling, general and administrative expenses [2] 237,886 114,850 358,228 213,867 Income from operations 142,965 94,248 194,996 177,438 Other (expense) income: Interest income 4,038 10,647 11,884 20,259 Interest expense (18,080 ) — (18,080 ) — Other, net 542 (264 ) 1,658 (605 ) Total other (expense) income (13,500 ) 10,383 (4,538 ) 19,654 Net income before provision for income taxes 129,465 104,631 190,458 197,092 Provision for income taxes (29,610 ) (24,848 ) (46,184 ) (39,498 ) Net income $ 99,855 $ 79,783 $ 144,274 $ 157,594 Dividends on Series A convertible preferred stock [3] (6,851 ) (6,838 ) (13,632 ) (13,675 ) Income allocated to participating preferred stock [3] (7,314 ) (6,289 ) (10,703 ) (12,417 ) Net income attributable to common stockholders $ 85,690 $ 66,656 $ 119,939 $ 131,502 Other comprehensive income: Foreign currency translation gain (loss), net of income tax 3,179 (308 ) 5,428 (1,662 ) Comprehensive income $ 88,869 $ 66,348 $ 125,367 $ 129,840 Earnings per share Basic $ 0.33 $ 0.29 $ 0.49 $ 0.56 Diluted $ 0.33 $ 0.28 $ 0.48 $ 0.55 *Please refer to Note 3 in the Company's Annual Report on Form 10-Q for the period ended June 30, 2025, for Earnings per Share reconciliations. [1] Includes $245.8 million and $434.3 million for the three and six months ended June 30, 2025, respectively, and $211.3 million and $420.8 million for the three and six months ended June 30, 2024, respectively, from a related party. [2] Includes $0.2 million and $0.8 million for the three and six months ended June 30, 2025, respectively, and $0.6 million and $1.2 million for the three and six months ended June 30, 2024, respectively, from a related party. [3] Amounts in this line item are associated with a related party for all periods presented. Expand Three months ended June 30, Six months ended June 30, 2025 2024 2025 2024 Net income (GAAP measure) $ 99,855 $ 79,783 $ 144,274 $ 157,594 Add back/(Deduct): Net interest (expense) income 14,042 (10,647 ) 6,196 (20,287 ) Provision for income taxes 29,610 24,848 46,184 39,498 Depreciation and amortization expense 9,119 1,418 11,730 2,648 Non-GAAP EBITDA 152,626 95,402 208,384 179,453 Stock-based compensation 1 6,434 4,746 11,463 8,309 Foreign exchange (800 ) 264 (1,720 ) 633 Reorganization Costs 2 482 — 482 — Acquisition Costs 3 29,855 — 38,967 — Penalties 4 — — 710 — Inventory step-up adjustment 5 21,692 — 21,692 — Expand ______________________________ 1[9] Selling, general and administrative expenses related to employee non-cash stock-based compensation expense. Stock-based compensation expense consists of non-cash charges for the estimated fair value of unvested restricted share unit and stock option awards granted to employees and directors. The Company believes that the exclusion provides a more accurate comparison of operating results and is useful to investors to understand the impact that stock-based compensation expense has on its operating results. 2 Impairment charges for the Fast brand in the EMEA region. 3[10] Fees and professional services related to acquisition activity. 4 Accrued expense in the quarter ended March 31, 2025, related to contractual co-packer obligations. 5 Non-cash inventory valuation step-up from the Alani Nu acquisition which was recognized as an adjustment to the cost of revenue. 6 Add backs and deductions are net of their respective impacts from tax and reallocation of earnings to participating securities. The total tax effect of the adjusted items for the quarter ended June 30, 2025 was $(0.05) per diluted share, which includes the tax effect of deductible acquisition costs and inventory step-up adjustment. The total tax effect of the adjusted items for the six months ended June 30, 2025 was $(0.06) per diluted share. There were no adjusted items for the six months ended June 30, 2024. Tax effects are determined based on the tax treatment of the related item, the incremental statutory rate of the jurisdictions pertaining to the adjustment, and their effects on pre-tax income (loss). Expand USE OF NON-GAAP MEASURES Celsius defines Adjusted EBITDA as net income before net interest (expense) income, income tax expense (benefit), and depreciation and amortization expense, further adjusted by excluding stock-based compensation expense, foreign exchange gains or losses, distributor termination fees, legal settlement costs, reorganization costs, acquisition costs, penalties, and inventory step-up adjustment. Adjusted EBITDA Margin is the ratio between the company's Adjusted EBITDA and net revenue, expressed as a percentage. Adjusted diluted earnings per share is GAAP diluted earnings per share net of add backs and deductions for distributor termination, legal settlement costs, reorganization costs, acquisitions costs, penalties, and inventory step-up adjustment. Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted diluted earnings per share are non-GAAP financial measures. Celsius uses Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted diluted earnings per share for operational and financial decision-making and believes these measures are useful in evaluating its performance because they eliminate certain items that management does not consider indicators of Celsius' operating performance. Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted diluted earnings per share may also be used by many of Celsius' investors, securities analysts, and other interested parties in evaluating its operational and financial performance across reporting periods. 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German Companies Lead European SDN Adoption
FRANKFURT, Germany--(BUSINESS WIRE)--The demand for modern, secure, cloud-enabled enterprise networks is rising among German companies as they align their digital strategies with international trends and evolving business needs, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm. SD-WANs are increasingly seen as crucial for digital advancement among German companies. This technology enables enterprises to update their networks without the need to replace all existing hardware. Share The 2025 ISG Provider Lens® Network — Software-Defined Solutions and Services report for Germany finds that German organizations are increasing their adoption of software-defined networking to improve performance, security and connectivity while minimizing operational cost. Over the past two years, system integrators and network providers have contributed to this trend by delivering flexible solutions and consumption-based managed services models that address enterprise demands. Germany's position as one of the largest national consumers of software-defined wide area network (SD-WAN) solutions is reinforced by a strong provider ecosystem and growing requirements for standardized, scalable networking across global operations. 'SD-WANs are increasingly seen as crucial for digital advancement among German companies,' said Jon Harrod, partner and network advisory lead at ISG. 'This technology enables enterprises to update their networks without the need to replace all existing hardware.' German enterprises are simplifying operations and making networks more adaptable through the adoption of SD-WAN solutions to accelerate network transformation, the report says. These solutions enable centralized cloud-based management, automate network functions and offer real-time analytics. They also allow organizations to streamline resource management and reduce complexity, thereby avoiding frequent hardware replacements. A major driver behind this transformation is the rapid migration to cloud and multicloud environments. Enterprises in Germany are using SDN solutions to make cloud transitions with minimal disruptions, ISG says. The technology's ability to manage multicloud environments while ensuring comprehensive network oversight has been key to its widespread adoption. Software-defined networking also benefits companies by enabling secure data transfer across varied platforms and making it easier to deploy and optimize cloud-native technologies. As organizations in Germany adapt to new environments, security becomes even more critical, the report says. Software-defined networking enables companies to integrate advanced security functions, such as encryption, access controls and threat detection, either alone or as part of broader secure access service edge (SASE) frameworks. Simultaneously, adoption of new technologies, including AI, generative AI and machine learning, demands flexible and adaptable network infrastructures. SDN solutions deliver these capabilities, providing superior management, real-time adaptability and automation. 'German companies that use advanced edge computing and 5G technology services benefit from the seamless and secure integration that software-defined networking offers,' said Dr. Kenn Walters, global principal lead analyst, ISG Provider Lens Research. 'When these services are managed externally, organizations can do less training and fewer software upgrades, focusing instead on strategic objectives.' The report also explores other SDN-related trends in Germany, including the increasing adoption of usage-based pricing models, particularly among small to medium enterprises, and the integration of SD-WAN within SASE in larger enterprises. For more insights into SDN-related challenges faced by enterprises in Germany, along with ISG's advice for addressing them, see the ISG Provider Lens® Focal Points briefing here. The 2025 ISG Provider Lens® Network — Software-Defined Solutions and Services report for Germany evaluates the capabilities of 39 providers across four quadrants: Managed SD-WAN Services, SD-Networks Transformation Services (Consulting and Implementation), Edge Technologies and Services (Including Private 5G), and Secure Access Service Edge (SASE). The report names Accenture, Deutsche Telekom, Logicalis, Orange Business and Wipro as Leaders in all four quadrants. Computacenter and Vodafone are named as Leaders in three quadrants each. Axians, Colt, HCLTech, Tech Mahindra and Verizon Business are named as Leaders in two quadrants each, while BT, CANCOM, GTT and Riedel Networks are named as Leaders in one quadrant each. In addition, HCLTech is named as a Rising Star — a company with a 'promising portfolio' and 'high future potential' by ISG's definition — in two quadrants. In the area of customer experience, HCLTech is named the global ISG CX Star Performer for 2025 among SDN providers. HCLTech earned the highest customer satisfaction scores in ISG's Voice of the Customer survey, part of the ISG Star of Excellence™ program, the premier quality recognition for the technology and business services industry. Customized versions of the report are available from Computacenter, Deutsche Telekom and GTT. The 2025 ISG Provider Lens® Network — Software-Defined Solutions and Services report for Germany is available to subscribers or for one-time purchase on this webpage. About ISG Provider Lens® Research The ISG Provider Lens® Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Mexico, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage. About ISG ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world's top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data, in-depth knowledge of provider ecosystems, and the expertise of its 1,600 professionals worldwide working together to help clients maximize the value of their technology investments.
