[cinntaile]

But FN is a Belgian gun manufacturer, how does this relate to CZG from the Czech Republic?

[sueders101]

Colt used to sell many rifles to the US military. They lost that business to FN. And with that they lost a lot of value.

[mallomarmeasle]

As pointed out downthread, Colt lost military contracts to FN, decreasing stock value

[cinntaile]

That makes sense, thanks for the clarification.