“Tag: Industry News”

As of April 26, North American Arms officially became employee-owned, as 30-year president and owner Sandy Chisholm sold the company to an employee stock ownership trust.

Breakthrough Clean Technologies has been acquired by Allen Company, a leading manufacturer and brand of outdoor products.

English poet William Cowper is credited with the phrase “Variety is the spice of life, that gives it all its flavor.” That is certainly the case for firearm enthusiasts, who purchase new guns for a wide range of reasons, including hunting, competition, plinking, self-defense and collecting.

On a year-over-year basis, the industry’s economic impact rose from $63.5 billion in 2020, to $70.52 billion in 2021. Jobs directly related to firearms, ammo and accessories increased by more than 33,000 in that 12-month span.

Recently released quarterly figures from American Outdoor Brands (AOB) indicates enthusiasm for firearm ownership and outdoor pursuits, in general, remains significantly higher than levels prior to the pandemic and widespread social unrest

Gun sales nationwide in 2021 dropped when compared to 2020—estimated at 18,515,188 and 20 million, respectively—but Ruger’s sales grew.

The number of firearms sales for 2021 have dropped from what it was in 2020, but the demand from the market is still high.

There are a number of job opening currently in the firearm industry at several large manufacturers.

Kel-Tec Firearms, based in Cocoa, Fla., is celebrating 20 years in business, and as a part of the celebration, it announced a based pay increase for all its employees.