Tag Archive: Gun Manufacturers


Smith & Wesson Hits Record Sales

 

 

” Smith & Wesson finished its fiscal year with colossal profits as the demand for new firearms surges nationwide.

The storied firearms company released a yearly financial report Tuesday showing astronomical sales figures and a favorable future outlook.

Net sales for the recent fourth quarter were almost $180 million, an increase of over 37% from the same quarter last year.

For the full fiscal year, net sales reached over $587 million, an increase of over 42% compared to the previous year.”

 

 

 

 

 

 

 

—-

 

Connecticut Gun-Maker To Leave State Over New Laws

 

” A Connecticut gun-maker announced on Wednesday it intends to leave the state, just six days after passage of restrictive gun control legislation, while two other manufacturers said they are considering relocation offers from other states.

Manufacturers also plan to lobby the state’s congressional delegation next week “to make sure they hear from our side,” said Mark Malkowski, president of Stag Arms in New Britain.

Jonathan Scalise, owner of Ammunition Storage Components, also of New Britain, said he’s received offers from Arizona, Arkansas, Kansas, North Carolina, Oklahoma, South Carolina, South Dakota and Texas. He said he will carefully evaluate the impact of a move on his business and its 150 employees.

Bristol-based PTR said in a statement posted on its website that it has not decided where it will move, but has commitments from most employees to relocate. The company makes military-style rifles and employs more than 40 people. PTR Vice President John McNamara said the company expects to make a more formal announcement about a move within six weeks.”

 

 

 

 

 

 

Conn. Gov. Daniel Malloy: Public Safety Trumps Loss Of Gun Manufacturers

” Connecticut Gov. Daniel P. Malloy, who on Thursday signed some of the nation’s most sweeping new gun-control laws, brushed aside concerns on Sunday that the Second Amendment crackdown could drive several longtime arms manufacturers from his state.

“We’ve decided that public safety trumps all of that,” Mr. Malloy, a 57-year-old Democrat, told CNN. “I hope they stay and manufacture products that can legally be sold. But if they leave, that will be a decision they make. We’re not making them leave.” “

  As an aside it appears that the state of New York has bribed Remington to stay in it’s long – time home in the upstate town of Ilion so we doubt they will demonstrate the intestinal fortitude to take their jobs where they are welcome and tell Andy Cuomo to pound sand .

Beretta Leaves Maryland Because Of Stricter Gun Laws

 

 

 

” New legislation is forcing gun manufacturing company Beretta to uproot and take their business elsewhere.

Established in 1526, Beretta holds the distinction of being the oldest active firearms manufacturer in the world. The U.S. factory is located in Accokeek, Maryland, and has been a staple of the local economy for years.

Beretta warned that stricter gun control laws would push the company outside of state lines, but that didn’t stop Maryland legislators. Jeffrey Reh, a spokesman for Beretta who also serves as the President of Stoeger Industries under Beretta, announced that the company would begrudgingly uproot and take its business elsewhere.

Beretta’s bold move is regrettable but understandable. Reh told reporters, “Why expand in a place where the people who built the gun couldn’t buy it?” “

 

 

 

 

 

Gun Rights Groups Converge On The Connecticut State Capitol

 

Gun Rights Advocates Voice Concerns in Hartford

 

 

 

” Prominent gun rights groups and their supporters are convening at the Connecticut State Capitol Monday to protest new proposed gun-control measures and to remind lawmakers of the long history and economic importance of the state’s storied firearm industry.

The National Shooting Sports Foundation (NSSF) is joining with the National Rifle Association, the Coalition of Connecticut Sportsmen, and the  Connecticut Citizens Defense League to hold a “Lobby Day” Monday at the second floor atrium of the Connecticut state capitol’s Legislative Office Building in Hartford.

The 10 a.m. event, replete with a complimentary shuttle service and transportation volunteers in orange hats, aims to protect the Connecticut gun industry from legislative efforts that could cause thousands of layoffs in the state.

Last week, Democrats on a gun control task force in the state legislature proposed banning modern sporting rifles by July 1 and confiscating magazines over 10 rounds by October 1. Further legislative committee hearings are scheduled this week to discuss the proposals.

An assault-weapons ban would cause approximately 1,700 job losses in Connecticut alone, according to the NSSF.

Approximately 2,900 Connecticut residents work for gun makers, while another 4,400 work for companies that would also be affected by the ban, according to the NSSF.”

 

 

See Also :

Gun Rights Advocates Voice Concerns in Hartford

 

” Hundreds of gun rights advocates, including the state’s gun manufacturers filled the halls of the Legislative Office Building on Monday.

They are trying to put the pressure on state lawmakers to vote against tougher gun control laws.

Advocates say responsible gun owners will be punished if new laws are passed.”

 

 

 

 

—-

Wow , Just Wow ! What a well-crafted post . Read it and enjoy .

Political Vel Craft

Gun 7

Disappointed with New York State lawmakers and other jurisdictions around the country who have passed strict gun control legislation, the companies—composed of firearm manufacturers, gunsmiths, and sporting goods retailers—have announced these policies in the past week.

View original post 3,179 more words

Some Surprising Members 

  ” Most of the top 25 U.S. firearm manufacturers, according to the National Shooting Sports Foundation‘s “Industry Intelligence Reports” for 2012, are what you expect. Ruger and Smith & Wesson, the only two publicly traded firearm companies, produced the most firearms in 2010 and then the likes of Remington, Savage, Beretta, SIG, etc follow closely behind. “

  ” There are five companies, however, that seem to stand out among the rest. Five that, for lack of a better word, seem obscure. And as to why they produce such a high volume of guns is anyone’s guess. One can deduce that they’re part of a larger company, cornered a niche market or just simply sell a product at a lower price than its competition. But we don’t know any of that for sure because private companies don’t have to report information like that. But with the information that is public and available like trends, sales catalogs and the data compiled by the ATF, FBI and NSSF, we can make some educated guesses. “

So We Can Sue GM and The Government For The Death Of A Loved One By A Drunk Driver ?

 

I guess we can also sue the judge that released the convict that went on to murder my wife . 

 

That’s one slippery slope .

 

 

 

 

” A former high school athlete who was shot in 2003 may sue the companies that made and distributed the handgun used in the crime under an appellate court ruling that gun control advocates say will keep irresponsible gun makers and sellers from taking advantage of a federal law shielding them from lawsuits.

The ruling by the Appellate Division of the state Supreme Court reversed a lower court‘s 2011 dismissal of victim Daniel Williams’ complaint, which accused Ohio gun maker Hi-Point and distributor MKS Supply Inc. of Ohio of intentionally supplying handguns to irresponsible dealers because they profited from sales to the criminal gun market.

The appellate panel said the Buffalo man‘s lawsuit should have been allowed to move forward because Williams’ claims fall within exceptions contained in the Protection of Lawful Commerce in Arms Act, a 2005 federal law shielding gun makers from lawsuits over criminal use of their products.”