News

Springfield Armory Severs Ties with Dick’s Sporting Goods

Perhaps thinking that people forgot about Springfield Armory selling out already-beleaguered gun owners in Illinois, the company today took a stand against a major sporting goods chain based on their anti-Second Amendment stance with the following statement:

Springfield Armory is severing ties with Dick’s Sporting Goods and its subsidiary, Field & Stream, in response to their hiring a group for anti-Second Amendment lobbying.

This latest action follows Dick’s Sporting Goods’ decision to remove and destroy all modern sporting rifles (MSR) from their inventory. In addition, they have denied Second Amendment rights to Americans under the age of 21. We at Springfield Armory believe that all law abiding American citizens of adult age are guaranteed this sacred right under our Constitution.

It is clear where Dick’s Sporting Goods and its subsidiary, Field & Stream, stand on the Second Amendment, and we want to be clear about our message in response. Their position runs counter to what we stand for as a company. At Springfield Armory, we believe in the right and principles fought for and secured by American patriots and our founding forefathers, without question. We will not accept Dick’s Sporting Goods’ continued attempts to deny Second Amendment freedoms to our fellow Americans.

Remington Set to Emerge from Bankruptcy

Creditors Take Ownership, Day-to-Day Business to Remain Undisrupted

We had been hearing rumors about the imminent demise of Remington Outdoor Company for some time before it was officially announced in March. Many were unsurprised at the news given the changes made in management, product lines, and customer support over the past several years, but it was tough to see the two-century old “Big Green” circling the drain.

“Fake News” sources cited fallout from lawsuits surrounding the Sandy Hood killings in Newtown as one of the driving factors behind Remington’s problems, despite broad protections for manufacturers. More likely, the money troubles stem from product recalls, failed product launches, and slumping sales of the few new product lines that did launch.

Before a federal judge yesterday, Remington Outdoor Company Inc gained approval for its reorganization plan – which was largely completed at the time of the original filing – that intends to cut debt and boost their cash position and cancel over $775 million of their debt. The company says that the plan was supported by more than 98% of voting Term Loan Lenders and all voting Third Lien Noteholders.

Remington plans to exit bankruptcy as early as this month, with some of its creditors, including JPMorgan Chase and Franklin Advisors receiving ownership stakes in the company in exchange for forgiving debt with Cerberus Capital Management abandoning their equity in the company.

As a result of the deal Remington will take on a new Asset Based Loan of $193 million which will fully refinance the current ABL, as well as a $55 million First-In, Last-Out Term Loan and a new $100 million Term Loan.

Cabela’s Outdoor Fund $50,000 Grant Will Provide Free Project Childsafe Gun Locks to State Agencies

Thanks to a generous $50,000 grant from the Cabela’s Outdoor Fund, the National Shooting Sports Foundation (NSSF) will provide its Project ChildSafe gun locks and firearm safety education materials to state departments of natural resources to promote secure storage of firearms to students in hunter education classes and other venues.

This is the second grant provided by Cabela’s Outdoor Fund to the Project ChildSafe Foundation, the 501(c)(3) non-profit organization that supports NSSF’s firearms safety efforts, most notably those of the Project ChildSafe program. “NSSF is extremely grateful for this Cabela’s Outdoor Fund grant that allows Project ChildSafe to continue providing gun locks and firearm safety education materials to state agencies,” said Bill Brassard, NSSF Senior Director, Communications, who oversees NSSF firearm safety initiatives. “Thanks to Project ChildSafe and other genuine firearm safety programs, fatal firearms accidents have declined to historic low levels.”

Project ChildSafe firearm safety kits include a gun lock and a firearms safety brochure that discusses safe handling and secure storage procedures, and how to keep guns from falling into the wrong hands.

Shipments of the firearm safety kits will begin later this year, with the kits accompanied by supporting materials such as NSSF’s Safe Storage Options infographic, a firearm safety DVD, and NSSF’s new suicide prevention brochure.

NSSF looks forward to working with state agencies again on this important firearm safety initiative designed to help prevent accidents, theft and misuse of firearms. For questions or more information about this program, contact Bill Brassard at bbrassard@nssf.org.

Las Vegas Man Charged with Selling Hundreds of Firearms Without a License

Welcome to Las VegasA Las Vegas man who allegedly sold hundreds of firearms without a license, some of which were subsequently used in crimes, was charged in federal court today, announced U.S. Attorney Dayle Elieson for the District of Nevada.

Sylvester Mitchell, 47, made his initial appearance in court before U.S. District Magistrate Judge Peggy Leen. He was charged by a federal criminal complaint with one count of dealing in firearms without a license. The charge carries a maximum term of five years in prison. A preliminary hearing is set for May 16, 2018.

As alleged in the criminal complaint that was unsealed today, Mitchell purchased approximately 438 firearms between January 2004 and November 2017. Of those firearms, approximately 42 were subsequently recovered and found to have been illegally possessed, used in a crime, or suspected to have been used in a crime. Those firearms were recovered in Southern California, Nevada, and Mexico. Two of the most recent recoveries were from homicide scenes in Las Vegas, Nevada. Over the course of 2017, Mitchell purchased 199 firearms for a total cost of $58,942.

The complaint alleges that Mitchell, who did not have a license to sell firearms, placed several advertisements offering firearms for sale on Backpage.com. ATF records showed a pattern of Mitchell purchasing new firearms from Federal Firearm Licensees (FFLs) on a weekly basis and that he went to multiple FFLs on the same day. In some instances, he purchased firearms from FFLs and posted the firearms for sale on Backpage.com a few days or weeks later. It further alleges that between June 1, 2017 and September 14, 2017, law enforcement conducted multiple undercover firearms purchases from Mitchell based on his Backpage.com advertisements. Among the purchases was an AR-15 rifle.

A criminal complaint contains allegations that the defendant has committed a crime, and the defendant is presumed innocent unless and until proven guilty in a court of law.

The case is being investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives and the Las Vegas Metropolitan Police Department. Assistant U.S. Attorney Christopher Burton is prosecuting the case.

NSSF: Firearms Industry Economic Impact Rises 169% Since 2008

The total economic impact of the firearms and ammunition industry in the United States increased from $19.1 billion in 2008 to $51.4 billion in 2017, a 169 percent increase, while the total number of full-time equivalent jobs rose from approximately 166,000 to almost 310,000, an 87 percent increase in that period, according to a report released today by the National Shooting Sports Foundation, the industry’s trade association.

On a year-over-year basis, the industry’s economic impact rose from $51.3 billion in 2016 to $51.4 in 2017, ticking higher even while the industry came off-peak production years. Total jobs increased from approximately 301,000 to almost 311,000, a 3 percent increase in the same period.

“Our industry is proud to be one of the truly bright spots in our economy as an unprecedented number of Americans have chosen to exercise their fundamental right to keep and bear arms and to safely enjoy the shooting sports,” said Stephen L. Sanetti, NSSF President and CEO. “In response to that dynamic, we have increased our direct workforce by more than 7,000 in the past year alone, adding jobs that pay an average nearly $50,000 in wages and benefits. In addition, since 2008 we increased federal tax payments by 144 percent, Pittman-Robertson excise taxes that support wildlife conservation by 104 percent and state business taxes by 121 percent.”

The Firearms and Ammunition Industry Economic Impact Report: 2018 provides a state-by-state breakdown of job numbers, wages and output covering direct, supplier and induced employment, as well as federal excise taxes paid. Access the full report here.

KelTec Announces Recall of Certain Sub-2000 Rifles

KelTec Firearms has announced a voluntary recall of certain Sub-2000 (aka Sub2k) pistol-caliber collapsible rifles due to a potentially dangerous condition. While, thankfully, we escaped our personal firearms being subject to this condition, many others are still out there.

Sub-2000 owners can check to see if their firearm is subject to the recall by entering their serial number(s) on the recall page or by viewing the list of all affected serial numbers.

From KelTec:

ATTENTION
IMPORTANT SUB-2000 SAFETY RECALL NOTICE

We have recently identified an issue with the heat treatment of certain steel tubes received from a third‐party supplier from which the barrels for a limited number of Kel‐Tec SUB‐2000 rifles were manufactured. This could potentially cause the barrel to rupture when a cartridge is fired and could result in serious personal injury. The safety of our customers is our primary concern, so Kel‐Tec has voluntarily initiated this recall because of the possibility of a barrel rupturing.

This recall only affects a portion of SUB‐2000s that were manufactured in 2017.

All costs associated with the recall of your firearm shall be covered by Kel‐Tec.   Continue reading

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