Connecticut-based Colt Firearms last week reportedly signaled they are exiting the consumer rifle market in coming days.
The company, originally founded in 1855 by inventor Samuel Colt to make handguns, will stop making rifles for retail sales channels. The news came from The Truth About Guns who confirmed it with Paul Spitale, senior VP of Colt’s commercial business line and was verified by Shooting Illustrated.
“We’re going to focus on the products that our consumers are asking for. We’ve expanded our 1911s and our revolver line, and that market has been very positive for us,” Spitale said. Shooting Illustrated reported that Colt’s rifle line production is occupied, at least for the time being, with outstanding contracts which include orders through police and defense channels.
According to records from the ATF for 2017, the most current available, Colt produced some 31,987 pistols and 7,342 revolvers at their West Hartford, Connecticut factory that year. This compares with 13,942 rifles, of which 2,097 were exported. Since 2017, the company has been aggressively expanding its long-dormant revolver line, introducing several Cobra and King Cobra wheel guns, to an eager audience.
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Another firearm manufacturer to go out of buisness
ReplyDeleteto placate the left
Hey doofus. Something tells me you failed 5th grade math. The numbers, clearly presented in the article, tell you exactly why they made the decision.
DeleteBuy Henry.
ReplyDeleteBye bye u TRAITORS.
ReplyDeleteUnless they become nothing but a government contractor, I see Colt going out of business. They support weapons for the military AND civilian police that can and will be used against civilians (yes, even the Salisbury PD has fully automatic rifles issued to them), and will only sell their pea shooters to the civilians to defend ourselves against a tyrannical government that decides to take the power from the people that is enshrined in our constitution. I am no longer interested in anything that Colt sells. As far as the numbers, Colt acknowledges that our civilian police force is still buying the fully automatic weapons for use against civilians and in large enough numbers to support the continued production. They want to arm the government (not the military) against us.
ReplyDelete