Digital Daily Gun News Website

BREAKING :
IT'S THE FIRST TIME IN A DECADE THAT THE SUPREME COURT HAS CONSIDERED A CASE ON GUN RIGHTS. THE CASE, WHICH HAS A HEARING SCHEDULED FOR DECEMBER, CHALLENGES A NEW YORK CITY LAW THAT ALLOWED INDIVIDUALS WITH HANDGUN PERMITS TO KEEP THEIR WEAPONS IN THEIR HOMES OR TRANSPORT THEM TO AND FROM ONE OF SEVERAL GUN RANGES WITHIN THE CITY BUT BANNED THEM FROM TRAVELING WITH THEIR FIREARMS OUTSIDE OF CITY LIMITS. NEW YORK OFFICIALS SOUGHT TO GET THE CASE DISMISSED SINCE THE LAW WAS REPEALED THIS SUMMER.) A 12-YEAR-OLD KANSAS GIRL WAS HAULED OUT OF SCHOOL IN HANDCUFFS AND CHARGED WITH A FELONY — FOR MAKING A FINGER GUN WITH HER HANDS, ACCORDING TO REPORTS. THE UNIDENTIFIED OVERLAND PARK YOUNGSTER MADE THE GESTURE DURING A CLASS DISCUSSION LAST MONTH IN WHICH ANOTHER STUDENT ASKED WHICH CLASSMATES SHE WOULD KILL IF SHE COULD PICK FIVE, SOURCES TOLD THE KANSAS CITY STAR. SHE SHAPED HER FINGERS LIKE A GUN — SOMETHING ROUTINELY DONE IN KIDS’ GAMES — AS SHE POINTED TO FOUR OF HER CLASSMATES, BEFORE POINTING HER HAND AT HERSELF, THE PAPER SAID.DYLANN ROOF GOT THE PISTOL HE USED TO KILL NINE PEOPLE IN A HISTORIC BLACK CHURCH IN SOUTH CAROLINA WITHOUT A COMPLETED BACKGROUND CHECK BECAUSE OF GAPS IN FBI DATABASES, LEGAL RESTRICTIONS ON HOW LONG THE FBI CAN KEEP DATA ON GUN PURCHASERS AND OTHER BREAKDOWNS IN THE SYSTEM, ACCORDING TO AN INTERNAL REPORT OBTAINED BY CQ ROLL CALL.GUN CONTROL WILL AGAIN BE A POINT OF CONTENTION FOR STATE LAWMAKERS IN 2020, AS AT LEAST A DOZEN BILLS AFFECTING OWNERSHIP OF FIREARMS HAVE BEEN FILED SO FAR IN THE BOTH THE FLORIDA HOUSE OF REPRESENTATIVES AND THE STATE SENATE. THEY INCLUDE MEASURES TO REQUIRE BACKGROUND CHECKS TO BUY AMMUNITION — EVEN THOUGH UNDER EXISTING LAWS A PERSON WHO CANNOT BUY A GUN IS ALREADY PROHIBITED FROM PURCHASING AMMO.TEACHERS IN SEVEN FLORIDA COUNTY SCHOOL DISTRICTS WILL SOON BE LOCKED AND LOADED THANKS TO A STATE LAW ENACTED THIS MONTH THAT PROVIDES SCHOOLS WITH THE OPTION TO ALLOW TEACHERS TO CARRY CONCEALED GUNS. THE LAW EXPANDS ON A SAFETY MEASURE KNOWN AS THE "GUARDIAN" PROGRAM.

Industry Insider Archive

NJ – INDUSTRY INSIDER – New Jersey Will Pressure Banks to Stop Doing Business with Gun Organizations

New Jersey is setting the way by discontinuing business with gun manufacturers and retailers that refuse to go above and beyond federal gun control laws. The gun control laws it had in mind are universal background checks, which cover all private gun sales and transfers. Further, the state will be pressuring major financial institutions, especially those who do business with the state of New Jersey, into disclosing any information regarding…

NAT’L – INDUSTRY INSIDER – NICS – September 2019: More Signs Of A Rebound

The FBI recently released the background checks data for the month of September 2019. The adjusted NICS data showed a meaningful increase in the year-over-year background checks, continuing the August 2019 trend, driven by new gun control measures considered by President Trump. Recent data is a welcome sign and a bullish opportunity for investors of Ruger, American Outdoor Brands, and Vista Outdoor. It certainly looks like it…

NAT’L – INDUSTRY INSIDER – Dick’s Destroyed $5 Mil. Worth of ‘Assault Rifles’ to Keep Them ‘Off the Street’

Dick’s Sporting Goods CEO Ed Stack told CBS News that his company destroyed $5 million worth of “assault-style rifles” to keep them out of private hands. Dick’s announced a halt to “assault-style rifles” two weeks after the February 14, 2018, Parkland high school shooting. On April 17, 2018, Breitbart News reported that Dick’s was destroying its “assault-style rifle” inventory, rather than returning the firearms to their manufacturers. Fox News quoted a spokesperson…

NAT’L/INT’L – INDUSTRY INSIDER – Is your ETF portfolio packing gun-related stocks? The answer might surprise you

When financial planner Tim Nash found a gun-related stock in an ETF in his portfolio, he sold his stake in the fund. Mr. Nash, founder of investment-coaching firm Good Investing, noticed that Missouri-based Olin Corp., a chemical products and ammunition manufacturer, was included in Blackrock’s iShares Global Water Index ETF (CWW), an environmental, social and governance (ESG)-oriented fund that focuses on water infrastructure. While Olin itself isn’t…

NAT’L – INDUSTRY INSIDER – American Outdoor Investors Reject “Human Rights” Call and CEO Pay Hike

American Outdoor Brands (NASDAQ:AOBC) shareholders rejected a proposal from activist investors to require the gunmaker to take on the “human rights impacts” of its business while also rejecting an increase to CEO James Debney’s pay. It seems shareholders want the company focusing on what it does best: making firearms that are popular with gun owners and enthusiasts. But with the gunmaker stuck in a steep, multi-year decline, investors aren’t…

NAT’L – INDUSTRY INSIDER – Colt’s Halt to Civilian AR-15 Sales Could Prompt Other Gunmakers to Exit Market

Colt’s recent decision to halt civilian production of AR-15s sent a tremor through the small-arms community, a sign that other gunmakers may fall victim to a market swelled to capacity with the popular semi-automatic rifle. Just a few years ago, in the run-up to the 2016 presidential election, gunmakers couldn’t make enough AR-style rifles and carbines to satisfy public demand. The fear of many gun enthusiasts that a Democratic…

NY – INDUSTRY INSIDER – AG orders ghost gun companies to stop selling assault weapons in New York

Attorney General Letitia James on Monday sent a letter to 16 ghost gun companies ordering them to cease selling assault weapon kits in New York. “Assault weapons are illegal in New York, and the sale and/or advertisement of these products violates New York law,” James wrote in the letter. “You are directed to cease the sale and advertisement of these products to residents of New York within…

CT – INDUSTRY INSIDER – Colt will stop manufacturing AR-15 assault rifle for consumer market (VIDEOS)

Venerable gun manufacturer Colt says it will stop producing the AR-15, among other rifles, for the consumer market in the wake of many recent mass shootings in which suspects used the weapon. “At the end of the day, we believe it is good sense to follow consumer demand and to adjust as market dynamics change,” Dennis Veilleux, president and CEO of Colt, said in a statement. “Colt has…

Frivolous Lawsuits Once Again Threaten the Gun Industry

YAHOO NEWS.COM September 18, 2019 – In 2005, a wave of lawsuits threatened to bankrupt the gun industry. These suits were based on — pick your adjective — “creative,” “novel,” “inventive,” and “imaginative” legal theories that rarely held up in court, and they did their damage primarily by forcing gun companies to incur the costs of defending against them. Congress, seeing…

NAT’L – INDUSTRY INSIDER – Protecting Gun Manufacturers from Frivolous Lawsuits

In 2005, Congress passed the bipartisan Protection of Lawful Commerce in Arms Act (PLCAA) by a nearly two-thirds margin. PLCAA’s purpose was to curb efforts by gun-control advocates to circumvent state legislatures and attack Second Amendment rights through a never-ending series of lawsuits against manufacturers and retailers of firearms to hold them financially responsible for crimes committed using the weapons they make and sell. Although the dubious…

Saudi Arabia, One of the World’s Biggest Arms Importers, Launches Its Own Defense Industry

PRESSTV.COM September 9, 2019  –  Saudi Arabia said on Sunday it had begun accepting license applications for firms in the military industrial sector, a major target under plans to diversify the kingdom’s economy away from oil exports.

The General Authority for Military Industries (GAMI) will license companies to manufacture firearms, ammunition, military explosives, military equipment, individual military equipment, and military…

Money flowing to Virginia legislative races from both sides of gun control issue

National groups on both sides of the gun control issue are pouring money into Virginia legislative races, with the NRA making an unusually large donation to a Republican leader and Everytown for Gun Safety escalating its contributions to Democrats.

Everytown’s Action Fund said Thursday morning that it was spending another $438,000 to help turn the Virginia legislature blue in November,…

MA – INDUSTRY INSIDER – American Outdoor Brands Dims Hopes for a Rebound

Any hoped for upbeat surprises in American Outdoor Brands’ (NASDAQ:AOBC) quarterly report were shot down by higher dealer inventories outweighing positive trends in consumer demand. The firearms market remains very soft, and distributors remain cautious as a result. With buyers having taken advantage of discounts that were ending at the end of the previous quarter, as the industry headed into the seasonally slow summer months, there was little motivation for dealers and…

CA – INDUSTRY INSIDER – Assembly Resolution Against Firearms Industry a Dangerous Precedent

California’s got the most gun control laws in the country. It’s also trying to win the race on bad legislative ideas, too. California’s Assemblywoman Sydney Kamlager-Dove (D-Los Angeles) is pushing a resolution that California would use its economic might to nudge banks and lending institutions away from doing business with federally licensed law abiding firearms manufacturers and retailers if they have open accounts with the Golden State. Assembly Concurrent Resolution…

UT – INDUSTRY INSIDER/MILITARY – Two leading innovators in the firearms industry team up to create a revolutionary rifle for the Army NGSW program

The Army has been soliciting design and manufacturing firms for a next-generation weapon platform. This NGSW program is expected to produce a replacement for the M16 battle-rifle and SAW machine gun. Along with the request for this all-new weapon, this project demands a new cartridge to be developed alongside and incorporated into these new battle rifles.
The initial call-out for the program seeks to dramatically increase…

UT – INDUSTRY INSIDER/MILITARY – Two leading innovators in the firearms industry team up to create a revolutionary rifle for the Army NGSW program

The Army has been soliciting design and manufacturing firms for a next-generation weapon platform. This NGSW program is expected to produce a replacement for the M16 battle-rifle and SAW machine gun. Along with the request for this all-new weapon, this project demands a new cartridge to be developed alongside and incorporated into these new battle rifles.
The initial call-out for the program seeks to dramatically…

NAT’L – INDUSTRY INSIDER – State Legislatures Can Pressure Banks To Cut Ties With The Firearms Industry

With rising mass shootings, proponents of gun control are unsurprisingly increasing their fund raising to counter the enormous coffers of guns rights advocates. After the recent tragic mass shootings in Dayton, El Paso and Gilroy, gun control advocates, however, do not presently seem to be focusing as much as in the past on financial institutions that lend to or invest in ammunition and gun manufacturers, as well as those…

DC – INDUSTRY INSIDER – Gun stocks surge after President Trump tweets about tightening regulations

Shares of shooting sports companies surged Monday, bucking the selloff in the broader stock market, after President Trump tweeted about pushing for stronger background checks for gun buyers in the wake of the tragic events over the weekend. Shares of Smith & Wesson parent American Outdoor Brands Corp. AOBC, +1.85% hiked up 2.4% in morning trading, while AR-556 autoloading modern sporting rifle maker Sturm Ruger & Co. RGR, -0.59%  climbed 1.3%. Meanwhile, ammunition maker Vista Outdoor Inc.’s…

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BREAKING :
IT'S THE FIRST TIME IN A DECADE THAT THE SUPREME COURT HAS CONSIDERED A CASE ON GUN RIGHTS. THE CASE, WHICH HAS A HEARING SCHEDULED FOR DECEMBER, CHALLENGES A NEW YORK CITY LAW THAT ALLOWED INDIVIDUALS WITH HANDGUN PERMITS TO KEEP THEIR WEAPONS IN THEIR HOMES OR TRANSPORT THEM TO AND FROM ONE OF SEVERAL GUN RANGES WITHIN THE CITY BUT BANNED THEM FROM TRAVELING WITH THEIR FIREARMS OUTSIDE OF CITY LIMITS. NEW YORK OFFICIALS SOUGHT TO GET THE CASE DISMISSED SINCE THE LAW WAS REPEALED THIS SUMMER.) A 12-YEAR-OLD KANSAS GIRL WAS HAULED OUT OF SCHOOL IN HANDCUFFS AND CHARGED WITH A FELONY — FOR MAKING A FINGER GUN WITH HER HANDS, ACCORDING TO REPORTS. THE UNIDENTIFIED OVERLAND PARK YOUNGSTER MADE THE GESTURE DURING A CLASS DISCUSSION LAST MONTH IN WHICH ANOTHER STUDENT ASKED WHICH CLASSMATES SHE WOULD KILL IF SHE COULD PICK FIVE, SOURCES TOLD THE KANSAS CITY STAR. SHE SHAPED HER FINGERS LIKE A GUN — SOMETHING ROUTINELY DONE IN KIDS’ GAMES — AS SHE POINTED TO FOUR OF HER CLASSMATES, BEFORE POINTING HER HAND AT HERSELF, THE PAPER SAID.DYLANN ROOF GOT THE PISTOL HE USED TO KILL NINE PEOPLE IN A HISTORIC BLACK CHURCH IN SOUTH CAROLINA WITHOUT A COMPLETED BACKGROUND CHECK BECAUSE OF GAPS IN FBI DATABASES, LEGAL RESTRICTIONS ON HOW LONG THE FBI CAN KEEP DATA ON GUN PURCHASERS AND OTHER BREAKDOWNS IN THE SYSTEM, ACCORDING TO AN INTERNAL REPORT OBTAINED BY CQ ROLL CALL.GUN CONTROL WILL AGAIN BE A POINT OF CONTENTION FOR STATE LAWMAKERS IN 2020, AS AT LEAST A DOZEN BILLS AFFECTING OWNERSHIP OF FIREARMS HAVE BEEN FILED SO FAR IN THE BOTH THE FLORIDA HOUSE OF REPRESENTATIVES AND THE STATE SENATE. THEY INCLUDE MEASURES TO REQUIRE BACKGROUND CHECKS TO BUY AMMUNITION — EVEN THOUGH UNDER EXISTING LAWS A PERSON WHO CANNOT BUY A GUN IS ALREADY PROHIBITED FROM PURCHASING AMMO.TEACHERS IN SEVEN FLORIDA COUNTY SCHOOL DISTRICTS WILL SOON BE LOCKED AND LOADED THANKS TO A STATE LAW ENACTED THIS MONTH THAT PROVIDES SCHOOLS WITH THE OPTION TO ALLOW TEACHERS TO CARRY CONCEALED GUNS. THE LAW EXPANDS ON A SAFETY MEASURE KNOWN AS THE "GUARDIAN" PROGRAM.