Switzerland's state-owned Ruag International company has sold its small-caliber ammunition division to the Italian firearm manufacturer, Beretta. All the 2,700 employees of Ammotech in Switzerland and ten other countries, including Germany and Sweden, the United States and Britain, would be taken over by the new Italian owner, Ruag International said on Wednesday. The main Swiss production site in the town of Thun would be maintained for at least five years, Ruag... (GunPolicy.org)