“Given this level of manufacturing capacity, we believe there is adequate supply for modern sporting rifles for the foreseeable future.” “The fact of the matter is that over the last few years, the market for modern sporting rifles has experienced significant excess manufacturing capacity,” the statement said. Shooting Illustrated reported last week that firearms distributor RSR Group said Colt was going to focus on military and law-enforcement sales.Ĭolt’s announcement on Thursday was a pushback on criticism that the company was mismanaged and that it was not sufficiently committed to private gun ownership. We’re not going to allow it to be used against our fellow Americans anymore.” The weapon made headlines again last week during the Democratic presidential primary debates when candidate Beto O’Rourke said, “We’re going to take your AR-15, your AK-47. Mass shooters possessed AR-15-style rifles in attacks in Las Vegas, Orlando, Fla., and Newtown, Conn.
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