The present invention provides a scabbard for a combat knife and cutting tool combination. The scabbard generally comprises a body extending along a longitudinal axis between first and second ends, and includes a channel formed therethrough that extends in spaced, parallel to the longitudinal axis, and a cavity that extends along the longitudinal axis. The cutting tool comprises first and second legs pivotally interconnected to one another that extend along longitudinal first and second axes, respectively, with the first leg being removably positionable within the channel of the scabbard, and the second leg being movable relative to the scabbard, but held firmly in position by a releasable strap when the tool is not in use. A combat knife is removably positionable in the cavity of the scabbard.