Colt sold
Michale Bane reports that Colt has been sold to General Dynamics. Lots of speculation in comments there on what this could mean for the gun market.
Update: Kim notes:
. . . it will be sold as two distinct entities: military (M4 rifles and a seeekrit plastic pistol) and civilian (SAA, Python, Diamondback, 1911 etc).
February 3rd, 2006 at 6:58 pm
How very sad. I used to work for GD and they pretty much F’ed up everything they bought. But then, I was only on the Nuclear side of the business.