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Monthly Archives

June 2016

SMITH & WESSON ENDS FY2016 WITH 31% INCREASE IN SALES

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Ending its fiscal year and first full year with an accessory wing, Smith & Wesson reported a 31 percent increase in annual sales, which pushed total revenue to $722.9 million. The Massachusetts-based gun maker’s current long-term strategy was credited for “delivering financial and operational results that set a number of new company records,” said James Debney, Smith & Wesson’s president…

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$1.8M AWARD REJECTED IN JESSE VENTURA’S CASE AGAINST ‘AMERICAN SNIPER’

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A federal appellate court rejected the $1.8 million award in Jesse Ventura’s defamation case against the estate of American Sniper Chris Kyle. A panel of three judges with the U.S. Court of Appeals for the Eighth Circuit reversed an “unjust-enrichment” judgment and vacated the ruling on the defamation claim, according to the opinion published Monday. The opinion raised issues with…

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AMERICANS CONTINUE TO BUY GUNS IN RECORD NUMBERS

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Arizona – -(Ammoland.com)- In 2016, Americans continue to break records for gun sales. While the National Instant Check System (NICS) does not track gun sales directly, the numbers are highly correlated. The numbers of NICS checks, and the increase in private firearms, have skyrocketed during the Obama administration. The total for 2016 through the end of May is 11,698,006 instant…

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NATIONAL FIREARMS DEALER NETWORK, NFDN, BECOMES GEARFIRE

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NATIONAL FIREARMS DEALER NETWORK, NFDN, BECOMES GEARFIRE Technology Company Evolves to Better Serve Partners, Members and Consumers Scottsdale, AZ: National Firearms Dealer Network, provider of eCommerce websites and technology to brick-and-mortar firearms and outdoor-sports retailers, is changing its name to GEARFIRE. The company’s new name reflects National Firearms Dealer Network’s growth over the last four years, as well as the…

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CALIFORNIA ADVANCES MORE ANTI-GUN BILLS, CITING UCLA AS A RALLYING CRY

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The California Assembly ushered five gun control proposals through floor votes Wednesday, with at least one lawmaker using this week’s fatal murder-suicide at a state university in floor debate. The bills passed would seek to criminalize the possession of unserialized firearms parts, ration gun sales to one per month, ban bullet buttons, expand gun violence restraining orders and add penalties…

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JUDGMENT ISSUED IN REMINGTON’S M4 CASE

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A federal court Tuesday settled a dispute over a government contract awarded to Colt’s Manufacturing even though the company did not meet the fed’s prerequisites. The judgment granted Remington Arms’ request for dismissal about a month after the court sided with the gun maker and remanded the case for re-evaluation. In the original complaint, Remington argued Colt should have been…

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