The US gunmaker Remington has filed for bankruptcy protection after years of falling sales. The company makes the Bushmaster AR-15 rifle used in a 2012 mass shooting that left 20 first-graders and six educators dead.
Lonoke s plant on overdrive on ammo
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John Magsam
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Today at 2:05 a.m.
The CEO of Vista Outdoor, the parent company of Remington Ammunition, said in a Thursday interview that the Lonoke ammunition plant continues to push out ammunition day and night, and will hire more workers to meet unprecedented demand even as the state faces a new covid-19 surge.
On Thursday afternoon Gov. Asa Hutchinson announced during a news conference at the state Capitol that he was reinstating Arkansas public health emergency. He also said he asked the White House to send a surge response team to Arkansas to help assess hospital capacity in the state.
Ammo booming, Vista Outdoor says; workers doubled at Lonoke factory arkansasonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arkansasonline.com Daily Mail and Mail on Sunday newspapers.
Sturm, Ruger & Co. is adding Marlin firearms production during 2021 at its 220,000 square-foot plant at 271 Cardwell Road in Mayodan. News & Record of Greensboro
Another sharp increase in demand for firearms, spurred by the COVID-19 pandemic and national political tension boosted Sturm, Ruger & Co. to a nearly fourfold jump in fourth-quarter net income at $31.7 million.
Diluted earnings were $1.73 a share, compared with 45 cents a year ago. There were no earnings forecasts from Zacks Investment Research.
Ruger released its earnings report after the market closed Wednesday.
Fourth-quarter sales soared 60.9% to $169.3 million.
Ruger s profit increase came despite a nearly threefold increase in its income taxes to $30.6 million.
By Ved Dookhun December 21, 2020
ILION, N.Y. Some 30 people participated in an informational picket here Dec. 5 to show support for United Mine Workers Local 717 members demanding Remington Outdoor Co. honor their union contract. Remington bosses filed for bankruptcy in July, terminated 585 workers in October, and cut off their health care and access to other benefits. They also refused to give severance and accrued vacation pay. Local 717 has held rallies twice a week here since the layoffs, and plans to continue.
The company has run the plant since 1828. In bankruptcy it sold off its brands of shotguns, rifles and ammunition to seven different buyers. It sold the plant to Roundhill Group, whose boss says he wants to refit it to build guns sometime in the future. The union says it wants jobs and a union contract when the plant reopens. There are few other industrial employers in Ilion, a village of 8,000.