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Super Gun Maker Scores Navy Contract

Metal Storm, the plucky little Australian company that rose to fame on its "million-rounds-a-minute" gun, has won a contract worth nearly $1 million from the U.S. Office of Naval Research. The money is for the company to continue development of its 12-gauge, Multi-shot Grenade Launcher, one of a number of weapons the company is developing […]

Metal_stormMetal Storm, the plucky little Australian company that rose to fame on its "million-rounds-a-minute" gun, has won a contract worth nearly $1 million from the U.S. Office of Naval Research. The money is for the company to continue development of its 12-gauge, Multi-shot Grenade Launcher, one of a number of weapons the company is developing with its unique stacked projectile technology.

Good news? Yes. Enough to keep the company, which has been around now for over a decade now, afloat? Unclear. A million dollars is chump change in terms of weapons development, but for investors, it may signal confidence in (and hope for ) the company's technology, which has yet to find a military customer. Is that confidence warranted? Well.....

Metal Storm has both its detractors and defenders, but I have yet to see any sane argument for how the company will start making significant sales to a major military customer.

[Image: Metal Storm]

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