It could be one of two options:
First option:
- It is a private military company with global operations, Black Arrow was built largely on the wreckage of the disgraced PMC Displace International.
- More recently, it was purchased by Golden Locust LLC, an investment firm led by American businessman Lucius Galliard. The firm was initially established in Panama City, Panama, but was incorporated the following year in the Turks and Caicos Islands, primarily for tax reasons.
- Black Arrow's first client was the government of the Comoros Islands, which hired the firm to defend against a coup attempt. The firm was also contracted to train and arm the country's military and constabulary. From there, Black Arrow took on increasingly larger contracts, working mainly in Africa, Southeast Asia, Oceania, and South America.
Second option:
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