Industry Insider Archive

CT – Industry Insider – NSSF Explains FixNICS

Sponsored – NSSF.ORG December 11, 2017 – With U.S. House passage of H.R. 38, as amended to include the Fix NICS Act, there has been an abundance of misinformation spread. Despite what some have falsely claimed, this bill will help to keep firearms out of the hands of those who should not have them and do so while not interfering with the Second Amendment rights of law-abiding Americans. NSSF’s Larry Keane explains. 

CT – Industry Insider – U.S. House Passes CCR/Fix NICS Legislation

Sponsored – NSSF.ORG December 8, 2017 – The U.S. House of Representatives passed the bipartisan H.R. 38, the Concealed Carry Reciprocity Act, with Fix NICS legislation combined into the overall bill. The final vote was 231-198 and moved forward two significant NSSF legislative priorities. NSSF supported U.S. Rep. Richard Hudson’s H.R. 38 when it was introduced early this year and worked diligently to gain support and push to advance the bill through…

MA – Industry Insider – Smith & Wesson owner’s profits plunged 90 percent

CLILCK 2 HOUSTON.COM December 8, 2017 -American Outdoor Brands, a major gun manufacturer which owns the Smith & Wesson brand, reported a 90 percent drop in quarterly profit when compared to the same period last year. Profits went from $32 million last year to $3.2 million. The company also reported a 36 percent drop in sales year-to-year. 

CA – Industry Insider – Wounded woman drops ‘bump stock’ maker from Vegas lawsuit

TOWNHALL.COM December 7, 2017 – The maker of a rapid-fire gun accessory that police say was used in the Oct. 1 mass shooting that killed 58 people and left hundreds injured at an open-air concert on the Las Vegas Strip has been removed from a wounded California woman’s negligence and damages lawsuit, a lawyer said Thursday. 

CT – Industry Insider – House Judiciary Committee Passes FIX NICS Bill

Sponsored NSSF.ORG December 1, 2017 – By an overwhelming 17 to 6 vote, the U.S. House Judiciary Committee this week passed H.R. 4477, one of the NSSF-supported measures that has been introduced in both houses that is intended to ensure federal and state authorities comply with existing law and accurately report relevant criminal history and mental health records to the National Instant Criminal Background Check System (NICS). Along with Concealed…

Nat’l – Industry Insider – Is This Major Gun Maker About to Go Bankrupt?

MOTLEY FOOL.COM (Via Madison.com) November 30, 2017 – What was once an upbeat mood in the gun industry, fostered by a multi-year rally in weapon sales, has now become a major hangover. The most obvious indicator of that change: Privately-held Remington Outdoor is now at risk of declaring bankruptcy after a collapse in sales and profits. 

Nat-l – Industry Insider – NSSF Member Takes On Facebook Ad  

Sponsored – NSSF.ORG November 27, 2017 – Jessica Keffer, marketing manager for The Sportsman’s Shop in East Earl, Penn., was on Fox & Friends Sunday to talk about the recent experience of her family-owned business when they were told they could no longer advertise on Facebook because they sell firearms after initially being allowed to do so. The Daily Caller had earlier told the story of the NSSF retailer member. 

Nat’l – Industry Insider – Is the Gun Market’s Recovery Based Overseas?

MOTLEY FOOL.COM November 20, 2017 – It’s well-known that gun industry sales are running slower than last year’s record pace, but now they’re also starting to seriously lag 2015’s rate, and that means firearms manufacturers could face an even more perilous slump than previously feared. Without the threat of significant gun control legislation making it through Congress, the U.S. market will likely see further steep sales declines. Fortunately, firearms…

CT – Industry Insider – Giving A Firearm As A Gift? Some Reminders From NSSF

Sponsored – NSSF.ORG November 20, 2017 – The holidays are just around the corner. As hunters, shooters, or collectors, it’s a natural instinct to want to share our enjoyment of firearms with others. What better way to do that than to make a gift of a firearm to a family member, close friend or relative? Remember, however, there are a few things you should consider before gifting someone a firearm. 

IWI US Company Grows, Requires Move to New, Larger Facility

Harrisburg, Pa. (November 2017) – IWI US, Inc., a subsidiary of Israel Weapon Industries (IWI) Ltd., announced this week through local media its plans to move to a larger facility in a neighboring township. The new facility features space for manufacturing, assembly and warehousing areas to accommodate IWI US’s continued growth and demand for its Israeli made products, such as the TAVOR®, Galil ACE®, UZI® Pro, Jericho® and law…

CT – Industry Insider – Sen. Cornyn Introduces Bipartisan Fix NICS Bill

Sponsored – NSSF.ORG  November 17, 2017 – U.S. Sen. John Cornyn (R-Texas) has introduced NSSF-supported bipartisan S. 2135, the Fix NICS Act, to strengthen the FBI’s National Instant Criminal Background Check System (NICS) by requiring federal agencies to enter all disqualifying records under current law. Sen. Cornyn’s legislation would also allow a federal grant for states to help upload these records.

AZ – Industry Insider – AMMO Inc. Appoints Randy Luth to Board of Directors

GLOBE NEWSWIRE.COM November 15, 2017 – AMMO, Inc. (OTC:POWW), a premier technology driven American ammunitions developer, manufacturer, marketer and distributor, today announced it has appointed Randy Luth, a firearm industry veteran, to serve on the Company’s Board of Directors.  Previously, Mr. Luth founded DPMS Panther Arms in 1986 and led the company to become one of the leading manufacturers of AR-15/AR-10 firearms and firearm components in the world. 

Nat’l – Industry Insider – Remington Bonds Crater Into Distress As ‘Trump Slump’ In Gun Sales Raises Refinancing Concerns

FORBES.COM November 15, 2017 – Following the spate of mass shootings over the last several months, it has become clear that Congress and the Trump Administration have no plans to enact new gun control regulations. That might be welcome news for gun enthusiasts, but it’s actually a bad omen for gun manufacturers. 

CT – Industry Insider – NSSF Launches Members-Only State Law Database

NSSF.ORG November 16, 2017 – Your understanding of the state laws affecting your business is crucial. You will want to ensure compliance with state statutes so that you and your employees do not inadvertently run afoul of state officials. But you also need to plan for your future success with a complete understanding of the legal environment in which you operate. For these reasons, NSSF is pleased to announce that…

CT – Industry Insider – NSSF Urging DOD To FixNICS

Sponsored – NSSF.ORG November 13, 2017 – NSSF is urging the Department of Defense to ensure the National Instant Criminal Background Check System (NICS) is supplied with all its disqualifying records. The Texas church attacker was a dishonorably discharged service member whose records were not submitted. NSSF’s Larry Keane joined SE Cupp’s Unfiltered on the Headline News Network to discuss FixNICS. 

CT – Industry Insider – NSSF Urges FixNICS After Pentagon Admits Murderer’s Records Never Submitted

Sponsored – NSSF.ORG November 10, 2017 – NSSF is urging Congress and the Department of Defense to take action to ensure the FBI’s National Criminal Information Center is supplied with up-to-date prohibited persons lists. It was learned the Texas tragedy was committed by a murderer whose records were never submitted to the FBI. The murderer had a record including a bad conduct discharge from the Air Force, domestic violence convictions and…

UT – Industry Insider – Vista Outdoor’s guns and ammo sales tank under Trump (VIDEO)

CNN MONEY November 9, 2017 – Vista Outdoor, a gun and ammunition company, stockpiled ammunition last year ahead of the 2016 election. Now the company is having trouble selling it. Shares plunged 30% Thursday after it reported a double-digit drop in quarterly sales.

NYC – Industry Insider – Why Sturm, Ruger’s Stock Didn’t Crater Despite Missing Expectations

SEEKING ALPHA.COM November 3, 2017 – Sturm, Ruger & Company (RGR) has maintained its financial and business health remarkably well despite the challenges facing the firearms industry, positioning it to not only survive the downward phase of the cycle but also thrive if/once prices and demand trends normalize. This reality overshadowed the drastic year-over-year revenue and earnings declines reported for Q3. 

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