Gunman Posted June 30, 2015 Report Share Posted June 30, 2015 As we get all sorts of publications through the door at work ,I was browsing through Machinery Market a magazine aimed at the machine tool buyer and came across a small article saying that American gunmaker Colt has gone bust . Seems the American government and American shooters aren't buying enough guns . I wonder if a shooing magazine will tell me about a machine tool company . Link to comment Share on other sites More sharing options...
Vince Green Posted June 30, 2015 Report Share Posted June 30, 2015 Yes they have gone into Chapter 11 which is not quite bust, its like going into receivership in this country but it means they can still trade. I think its more about foreign competition because all the American gun and ammo manufacturing are struggling. Link to comment Share on other sites More sharing options...
The Mighty Prawn Posted June 30, 2015 Report Share Posted June 30, 2015 There was a thread on this but basically they lost the contract to supply the military and police which would have been their major contract by a long way - not many businesses could survive that Link to comment Share on other sites More sharing options...
Zapp Posted June 30, 2015 Report Share Posted June 30, 2015 This is already being discussed here: http://forums.pigeonwatch.co.uk/forums/topic/314506-colt-files-for-bankruptcy/?hl=colt Link to comment Share on other sites More sharing options...
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