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NEVER knew these existed. Per Small Arms Review:

WALTHER PPK IN 5.45MM: Visier magazine reported that a firm in Schwabia, Kirstein Technische Systeme (KTS) had made ten prototypes of a Walther PPK pistol chambered for the Russian 5.45x18mm cartridge. The PPKs have nice stippled wooden grip panels and are built from original unused Walther parts. Barrels are threaded for suppressors, but the threads are normally covered by a neat thread protector. Two types of suppressor are offered, a throwaway version good for 50 rounds or a long-life steel model. A twin-stack version of the pistol with 15-round magazine is also being considered. KTS says it is also working on a gas-operated, locked-breech pistol of its own design with electronic shot date recording. The company’s bread & butter lines are customised/tuned Lugers and M1911s. (WWW - http://www.kirstein.com/w/)

SAMMY!
 

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That is really cool man. I remember the days of GoldenEye and the suppressed PPK in bonds use.

Have you looked at any of their Lugers?? Insanely priced?
 

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Now that's something you don't see everyday. It's more like something you see never. Pretty cool though.
 

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Ahhhh. Of course. Fair enough good sir. Still really interesting. That is really small bore, just under .22 must be fun at the range.
 
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