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GIAT GCT
Nexter Systems (formerly known as GIAT Industries or ''Groupement des Industries de l'Armée de Terre'', Army Industries Group) is a French Government-owned corporation, government-owned weapons manufacturer, based in Roanne, Loire (department), Loire. Group organization The Nexter group is divided in several smaller entities, with the main one being Nexter Systems. The sub-companies are: * Nexter Munitions * Nexter Mechanics * Nexter Electronics * Nexter Robotics * Nexter Training * OptSys * NBC Sys * Euro-Shelter * Mecar * Simmel Difesa History The GIAT group was founded in 1973 by combining the industrial assets of the technical direction of Army weapons of the Minister of Defence (France), French Ministry of Defense. The company was nationalized in 1991. On 22 September 2006 GIAT became the core of the new company Nexter. For many years GIAT struggled to turn a profit. The company was operated at a loss. A 2001 report by the ''Cour des Comptes'' and a 2002 report by th ...
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Société Anonyme
The abbreviation S.A. or SA designates a type of limited company in certain countries, most of which have a Romance language as their official language and employ civil law. Originally, shareholders could be literally anonymous and collect dividends by surrendering coupons attached to their share certificates. Dividends were therefore paid to whoever held the certificate. Share certificates could be transferred privately, and therefore the management of the company would not necessarily know who owned its shares. As with bearer bonds, anonymous unregistered share ownership and dividend collection enabled money laundering, tax evasion, and concealed business transactions in general, so governments passed laws to audit the practice. Nowadays, shareholders of S.A.s are not anonymous, though shares can still be held by a holding company in order to obscure the beneficiary. In different countries S.A. can be an abbreviation of: * in Galician and European Portuguese (used in Portu ...
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