“Tag: Industry”

Recent survey results indicate supply chain uncertainty, however, the firearm industry is taking a proactive approach to reduce its impact.

The firearm industry has been a part of America since its founding, and while many companies have come and gone, a few have been on the scene for a century or longer.

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.

In 2005 the small arms division was spun off and privatized by the Israeli government, creating Israel Weapon Industries (IWI). Eight years later IWI US was established to answer enthusiast demand in the United States.

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

KelTec’s name is associated with some of the most innovative firearms available on the market today, but that hard-earned reputation didn’t begin with the company making its own models.