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Posted: 2/6/2006 1:36:51 PM EDT
[Last Edit: 2/6/2006 1:38:28 PM EDT by SteyrAUG]
Just got off the phone with one of the big LE distributors and was told that Colt Defense has been sold. I don't know what this will mean with respect to LE rifle sales to civilians. "Maybe" things might ease up.

Right now I don't know who it was sold to, but it seems they bought the name "Colt Defense" as well.
Link Posted: 2/6/2006 1:39:17 PM EDT
Perhaps the new owners will take colt to its former glory instead of the craptastic sub-par company it has become....one can only hope
Link Posted: 2/6/2006 1:40:15 PM EDT
DEAR GOD BRING BACK THE PYTHON!
Link Posted: 2/6/2006 1:42:40 PM EDT
I copied this from the Outdoor Wire dated Feb 2nd.
BUYING:
Venerable firearms brand Colt's defense division has been sold to General Dynamics. The purchase preempts a public offering for that portion of the Colt company. The consumer portion of the bifurcated company (consumer/defense), is also being sold, with sources telling The Outdoor Wire the deal is "all-but-done". A total of eleven potential suitors were said to have been kicking the tires on the venerable brand. The winner may shock most of the firearms industry - as well as the other bidders.
Well here you go. Those who thought Colt didn't give a S**T about civilian customers are right! Don't think GD sells anything on the civilian market. Colt commercial is also being sold. Wonder who is buying that division.

Link Posted: 2/6/2006 1:50:19 PM EDT
It'll be interesting, General Dynamics is a good company.
Link Posted: 2/6/2006 1:51:17 PM EDT
many times over dupe.
Link Posted: 2/6/2006 1:54:15 PM EDT

Originally Posted By Dusty_C:
many times over dupe.



No shit? It just happened today apparantly.
Link Posted: 2/6/2006 1:54:37 PM EDT
StreyrAUG...........you didn't think this might be a.......let's just say search is a friend.



Link Posted: 2/6/2006 1:55:39 PM EDT

Originally Posted By SteyrAUG:

Originally Posted By Dusty_C:
many times over dupe.



No shit? It just happened today apparantly.



You know ARFCOM news is posted before news actualy happens
Link Posted: 2/6/2006 1:56:20 PM EDT
I own some GD stock. I wonder if I can get a discount?

Link Posted: 2/6/2006 1:59:09 PM EDT
Yeah, the link to the press release announcing it was posted about a week or so ago.
Link Posted: 2/6/2006 1:59:32 PM EDT

Originally Posted By krpind:
StreyrAUG...........you didn't think this might be a.......let's just say search is a friend.






Found a few topics asking about it.

http://www.ar15.com/forums/topic.html?b=2&f=29&t=149397

http://www.ar15.com/forums/topic.html?b=3&f=118&t=267347

...but to quote one poster:

"Yes this has been posted before... We're just waiting for the official confirmation."

I guess I am bringing that confimation. Or at least a reliable source.
Link Posted: 2/6/2006 2:00:20 PM EDT

Originally Posted By Dusty_C:
Yeah, the link to the press release announcing it was posted about a week or so ago.



Missed that, see what happens when you are busy and not living on arfcom.
Link Posted: 2/6/2006 2:00:34 PM EDT

Originally Posted By SteyrAUG:

Found a few topics asking about it.

http://www.ar15.com/forums/topic.html?b=2&f=29&t=149397

http://www.ar15.com/forums/topic.html?b=3&f=118&t=267347

...but to quote one poster:

"Yes this has been posted before... We're just waiting for the official confirmation."

I guess I am bringing that confimation. Or at least a reliable source.



Cool.....hell I thought it was already a done deal.
Link Posted: 2/6/2006 2:02:16 PM EDT

Originally Posted By SteyrAUG:

Originally Posted By Dusty_C:
Yeah, the link to the press release announcing it was posted about a week or so ago.



Missed that, see what happens when you are busy and not living on arfcom.

I guess, but not living on Arfcom doesn't apply to either of us
Link Posted: 2/6/2006 2:02:59 PM EDT
To me it sounds like GD will only do military sales.

The consumer Colt division will still handle LEO & consumer sales?
Link Posted: 2/6/2006 2:14:49 PM EDT
I heard Chuck Norris bought General Dynamics.
Link Posted: 2/6/2006 3:22:30 PM EDT
For sale Colt DEFENSE LEO AR. Collectable!!!! $2500 today ONLY. Tomorrows price $3000. Act now!!!!! Buy before they are all gone!!!!!

Glad I have mine.
Link Posted: 2/6/2006 3:23:45 PM EDT
Im still calling BS untill Isee a press release from both GD and Colt
Link Posted: 2/6/2006 3:25:18 PM EDT

Originally Posted By pighelmet:
I heard Chuck Norris bought General Dynamics.



Chuck Norris bitch-slapped General Dynamics until they cried "Uncle" and then gave him the key to the company.
Link Posted: 2/6/2006 3:26:55 PM EDT
I got a gold membership that says GD didn't buy squat.
Link Posted: 2/6/2006 3:46:32 PM EDT
tag.
Link Posted: 2/6/2006 3:50:41 PM EDT
Link Posted: 2/6/2006 3:51:43 PM EDT
Link Posted: 2/6/2006 3:52:37 PM EDT

Originally Posted By SteyrAUG:

Originally Posted By krpind:
StreyrAUG...........you didn't think this might be a.......let's just say search is a friend.






Found a few topics asking about it.

http://www.ar15.com/forums/topic.html?b=2&f=29&t=149397

http://www.ar15.com/forums/topic.html?b=3&f=118&t=267347

...but to quote one poster:

"Yes this has been posted before... We're just waiting for the official confirmation."

I guess I am bringing that confimation. Or at least a reliable source.

Is your reliable source in south Florida?
Link Posted: 2/6/2006 4:45:46 PM EDT

Originally Posted By Kodiak-AK:
Is your reliable source in south Florida?



No, my reliable source is "one of the big LE distributors."
Link Posted: 2/6/2006 4:56:18 PM EDT

Originally Posted By w4klr:
DEAR GOD BRING BACK THE PYTHON!



General Dynamics? Phased Plasma Python in the 40-watt range!
Link Posted: 2/6/2006 4:58:26 PM EDT

Originally Posted By The_Beer_Slayer:

Originally Posted By fxntime:
For sale Colt DEFENSE LEO AR. Collectable!!!! $2500 today ONLY. Tomorrows price $3000. Act now!!!!! Buy before they are all gone!!!!!

Glad I have mine.



you have a future in sales with sPECial WeApOns



Why THANK you!!! I figured I'd get a headstart on all the other one's. I can't wait to see what they will go for at the next funshow. I will say this tho. My local dealer who had no problem with getting me anything from the LEO line at a fair price said that he has been unable to get any lately. He has gotten in some 1911s and SAAs tho.
Link Posted: 2/6/2006 5:19:44 PM EDT
We know GD bought Colts Defense. The question is who bought the commercial division.
I have heard we will be VERY surprised when that one is announced.
Link Posted: 2/6/2006 6:33:58 PM EDT

Originally Posted By SPECTRE:
We know GD bought Colts Defense. The question is who bought the commercial division.
I have heard we will be VERY surprised when that one is announced.



China?
Link Posted: 2/6/2006 6:40:31 PM EDT

Originally Posted By Tromatic:

Originally Posted By SPECTRE:
We know GD bought Colts Defense. The question is who bought the commercial division.
I have heard we will be VERY surprised when that one is announced.



China?

Walmart?
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