Joining the ranks of companies whose name used to mean something (lol, colt, lol) remington has filed bankruptcy for the 2nd time.
In an era of unprecedented demand for guns, with more background checks in this period than ever before, remington can't sell their mediocre shit.
With industry leading (in NDs) products like the 700, the r1 1911, coming years after the 1911 resurgence, the 870, a gun that everyone owns but has lost ground to the 500, let's not forget their semiautomatic shotguns. Oh, wait, let's forget those because they are shit.
Good thing remington started selling AR15s. Who wouldn't want a 1/9 bbl twist carbine gas system flat top for $800? Lol.
In a final glorious insult, an indian nation wanted to use their casino money to buy big green and atop making scary ARs and focus on "smart guns". I can't actually think of anything obscene enough to say to that.
Uncle Scruffy
Well...it's chapter 11 so they likely arnt going anywhere. But they are claiming to be hamstrung by debt due to the Sandy Hook lawsuits (which I hear now hinge on finding evidence the shooter saw some Remington advertising?) as well as weak sales (when all gun sales are through the roof) so it doesn't paint a grim picture but not an especially Rosie one. Especially since...well...you know...most of their guns suck.
The fear here is that if this Sandy Hook bullshit lawsuit works then all gun makers are going to be open to lawsuit. Which spells doom for the gun industry in lawyer fees alone.
I imagine the smart gun nonsense is some sort of PR game?
The smart gun idea is from the tech bubble in the 90s / early 2000s I think. Public was so opposed to it that I’m not sure any smart guns even made it into production.
Idk thought I saw a forgotten weapons video on smart guns a long time ago
I feel like the smartgun was a plot point in a shitty JCVD movie.
Remington "renewed" thier research of it a few years ago. I wonder how it's going?
The trouble with smart guns is that legislation is being pushed that make them mandatory as soon as technologically feasible. Not sure if any states have passed it, but it's one of those bills that is basically in committee every single year.
We don't want this tech to exist because we'll be stuck with it.
Massachusetts (I think)