Not expanding production in Connecticut? I sense a pattern here.


Raytheon Technologies sees shift of Pratt & Whitney work from Connecticut to North Carolina as one way to cut costs in the pandemic


GOVERNOR COOPER ANNOUNCES PLAN FOR 800 JOBS IN ASHEVILLE AS PRATT & WHITNEY SELECTS NORTH CAROLINA FOR MAJOR FACILITY
AEROSPACE COMPANY PLANS TO INVEST APPROXIMATELY $650 MILLION OVER SEVERAL YEARS TO BUILD NEW MANUFACTURING PLANT

Pratt & Whitney, a division of Raytheon Technologies Corp. (NYSE: RTX) plans to invest approximately $650 million and create 800 jobs through 2027 in Asheville, Governor Roy Cooper announced today. The project will bring a new high-tech turbine airfoil production facility to Buncombe County.

“We are positioning North Carolina to come out of this pandemic with these and other good paying jobs which signals a bright future in aviation even with the current challenges the industry faces. Manufacturers know they can count on our strong workforce, our innovation and our leadership in uncertain times,” said Governor Cooper.

Pratt & Whitney, a unit of Raytheon Technologies Corporation (NYSE:RTX) is a world leader in the design, manufacture and service of aircraft and helicopter engines, and auxiliary power units. The new project in Asheville will lead to the development of a new 1,000,000 square foot advanced manufacturing facility.

“This investment will enable Pratt & Whitney to continue to modernize and transform its operations with cutting-edge technologies,” said Chris Calio, president, Pratt & Whitney. “Turbine airfoils are a critical component across our engine portfolio and demand will increase significantly as the market recovers over the next several years. We need to invest today to ensure that we have the infrastructure, production capabilities and workforce in place to meet future market demand and provide the best products to our customers worldwide. We are grateful for the support provided by the State of North Carolina and the local community.”  Continue reading “”

KIMBER® Names Troy, Alabama Corporate Headquarters

Kimber Mfg., is pleased to name Troy, Alabama, as its official corporate headquarters and to announce it is hiring aggressively in all departments. After a carefully planned shift of leadership, R&D and manufacturing resources, Kimber has made substantial progress in the transition to its new, state-of-the-art headquarters in Troy, Alabama.

The final step in completing this new facility is adding staff across all departments. Kimber’s new headquarters is situated on 80+ acres with more than 225,000 square-feet of space and is now home to industry-leading design engineering, product management and manufacturing capabilities.

After an exhaustive search, Troy was chosen for a multitude of reasons including its proximity to top-tier engineering schools as well as gun- and business-friendly support from the city of Troy and the great state of Alabama. Kimber’s Alabama expansion is well ahead of schedule, having filled hundreds of its planned Troy-based positions.

Kimber is seeking qualified applicants across multiple positions and business areas including CNC technicians, machinists, quality control specialists, lean technicians, design engineers, compliance analysts, customer service representatives, materials planners, maintenance technicians, finishing operators, and assembly technicians.

“Kimber is a great place to work, especially if you love firearms,” said Pedi Gega, director of assembly and product finishing. “We have two indoor gun ranges, one outdoor range, a state-of-the-art design and prototype fabrication center, and a dynamic team of professionals who pride themselves in producing firearms with unmatched attention to detail, design and performance.

Every Kimber firearm is created with a unique blend of advanced precision technology and authentic human craftsmanship.”

Interested applicants are encouraged to apply at https://www.kimberamerica.com/careers.

 

Voter-registration patterns give Trump an edge invisible to polls: JPMorgan
Voter registration favors Republicans in many key battleground states, the bank’s analysis says

The 2020 presidential race may be closer than the polls suggest, according to an analysis of voter registration trends by JPMorgan Chase.

Changes in the number of voters registered to each of the major parties have proven to be a significant variable in election outcomes in the past, according to strategists at the New York-based bank, which analyzed trends in some of the battleground states that will be crucial to an electoral college victory.

Former Vice President Joe Biden leads President Trump by 9.2 points nationally, according to an average of polls compiled by RealClearPolitics, but his lead is at a tighter 4.9 points in hotly contested states.

Four years ago, former Secretary of State Hillary Clinton also outstripped Trump in national polling and won the popular vote by nearly 3 million, only to lose the electoral college, where she took just 227 votes to Trump’s 304.

This year’s campaign may be won or lost in some of the same battlegrounds as that race, which has made them focal points for politicians, pollsters and observers alike.

In Pennsylvania, for example, a blue-leaning state that Trump won by 44,292 votes in 2016, the Republican Party has since picked up nearly 200,000 voters.

JPMorgan says the gains suggest Trump could win the state by a margin of more than 240,000 in the upcoming election.

Similar progress in battlegrounds Florida and North Carolina suggest Trump may take those states by a larger margin than in his first campaign as well.

JPMorgan also believes a surge in the number of registered Republicans will tighten the race in New Mexico, but that the state will still go with Biden. On the flipside, a growing number of registered Democrats in Arizona will make the state close, but Trump should prevail.

While voter registration is encouraging for Trump and the GOP, it is “only one variable in determining the election outcome,” the JPMorgan quant team led by Marko Kolanovic wrote, noting that the results should not be used to predict a state’s outcome.

A number of other issues that don’t show up in the polls also offer encouraging signs for Trump, according to a Wells Fargo report released last month.

The firm noted Trump outperformed the polls in all of the key battleground states in 2016 and also suggested his recent Supreme Court nomination, gun ownership trends and a stronger backing from African-American voters are all playing into Trump’s hands.

Off-campus learning due to COVID-19 and a smaller independent vote also favor the president, the analysts said.

Gun Sales Year-to-Date Surpass Total for All of 2019

Gun sales year-to-date in 2020 already surpass the total number of guns sold for all of 2019.

FBI figures provide an indicator of the surge in year-to-date gun sales, showing 28,826,449 National Instant Criminal Background Check System (NICS) requests from January 2020 through September 2020, versus 28,369,750 for all of 2019.

WGNTV quotes National Shooting Sports Foundation public relations director Mark Oliva saying, “We have already surpassed all of the guns sold last year and we are well on our way to surpassing our record of 2016.”

Moreover, Oliva indicated that “40 percent of people buying guns in 2020 are first-time gun owners.”

Massachusetts’ Pioneer Valley Arms owner Kendall Knapik said, “I’ve been in the industry for about 10 years now, and this is probably the craziest we’ve ever seen it. It’s mostly shotguns, home-defense shotguns. Those were the first to sell out. Then, people moved to handguns once the shotgun manufacturers couldn’t keep up with the demand.”

On October 4, 2020, Breitbart News reported that September 2020 was the ninth consecutive month of record NICS background checks. That means January 2020 saw more NICS checks than any January in history, February 2020 saw more than any February in history, March 2020 than any March, and so on, all the way through September.

October 15, 2020, Breitbart News reported that Smith & Wesson stock was up over 130 percent for the year amid the run on guns, and Sturm Ruger Co.’s stock was up 42 percent

Federal, CCI and Speer Ammunition Contribute $100,000 to NSSF’s 2020 #GUNVOTE Voter Education Campaign

“Gun owners new and old need to make sure their voice is heard at the ballot box in order to protect the Second Amendment,” said Federal, CCI, Speer Ammunition President Jason Vanderbrink. “There are more than five million new first-time gun owners who already decided to jump off the fence and exercise their right to purchase and possess a firearm. NSSF’s #GUNVOTE campaign will help these Americans be more informed, engaged and confident in protecting their Constitutional rights as they head to the polls. We whole-heartedly support the #GUNVOTE effort and is proud to make this contribution toward success in November.”

Bushnell Contributes $25,000 to NSSF’s 2020 #GUNVOTE Voter Education Campaign

“Voting on November 3rd is critical. At Bushnell, we’re proud to support and contribute to NSSF’s voter registration, education and mobilization campaign. Ensuring all law-abiding Americans have the ability to safely and responsibly exercise their Constitutional right to keep and bear arms will be supported when more individuals cast their ballot and vote,” said Bushnell President Vishak Sankaran.

IRS ‘launches criminal investigation into NRA CEO Wayne LaPierre over possible tax fraud related to his personal finances’

The Internal Revenue Service is said to have launched a criminal investigation into National Rifle Association CEO Wayne LaPierre for possible tax fraud related to his personal finances.

Filings show LaPierre, 70, who has been in charge of the NRA’s day-to-day operations since 1991, was paid $2.2 million by the non-profit group in 2018. He made a reported total of $11.2 million between 2014 and 2018, The Wall Street Journal reports.

In August New York state’s attorney general sued to dissolve the NRA, alleging senior leaders of the non-profit group diverted millions of dollars for personal use and to buy the silence and loyalty of former employees.

In that lawsuit it was argued that not including certain personal benefits in his W-2 annual-compensation forms ‘permitted him to file false personal tax returns with the IRS’.

The New York lawsuit made only civil claims, but James had said the investigation was ongoing and any criminal activity discovered would be referred to prosecutors and the Internal Revenue Service.

NRA attorney William A. Brewer III told the Journal: ‘The NRA is not aware of any IRS inquiry but, of course, will fully cooperate with any appropriate requests for assistance.’

LaPierre has not commented on reports of this latest investigation but has previously said: ‘We’re ready for the fight. Bring it on.’

Tax attorney Mark Matthews said ‘the IRS would be looking for evidence of concealment’ in their case.   Continue reading “”

If Winchester does the same as Federal did by selling ‘overrun’ ammo, maybe we’ll see M855A1 become available on the open market. It makes the old M855 ‘Green Tip’ pale in comparison.


Winchester is honored to announce that we now have management and operational control of the Lake City Army Ammunition Plant.

Olin Corporation (NYSE: OLN) announced that effective today, its ammunition division, Olin Winchester, LLC (“Winchester”), assumed full management and operational control of the Lake City Army Ammunition Plant in Independence, Missouri. The U.S. Army selected Winchester to operate and manage the Lake City Plant in September 2019. The contract has an initial term of seven years and may be extended by the U.S. Army for up to three additional years. Winchester is now the world’s largest small arms ammunition manufacturer.

“Winchester employees have built a reputation with the U.S. Army that is unrivaled and for the past year we have been preparing for this significant transition,” said Brett Flaugher, President of Winchester. “We were selected to manage the Lake City Plant because of our industry-leading capabilities and track record. For decades, we have successfully demonstrated those capabilities in quality, innovation and on-time delivery, and through our partnership with the U.S. Army in developing solutions that service the U.S. Warfighter. Our team is fully prepared and 100% committed to the safe, reliable and efficient operation of the Lake City Plant.”

Roundhill Group Purchases Remington Firearms

Roundhill Group, LLC, an investment company with headquarters in Pennsylvania and Florida, announced that it is purchasing Remington Firearms. The purchase includes all long guns, shotguns, pistols, the firearms manufacturing facilities, museum, and gift shop.

Roundhill Group LLC partner and spokesman, Jeff Edwards addressed questions regarding the acquisition:

“As is known, Roundhill Group LLC and a group of experienced firearms manufacturing and hunting industry professionals are in the process of purchasing Remington Firearms. Our intent with this acquisition is to return the company to its traditional place as an iconic American hunting brand. We intend to maintain, care for and nurture the brand and all of the dedicated employees who have crafted these products over the years for outdoorsmen and women both here in the USA and abroad. More than anything, we want to make Remington a household name that is spoken with pride.”

Edwards added, “The Roundhill Group is comprised of a group of individuals all of whom have years of experience in engineering, manufacturing and marketing both in and outside of the firearms space. They are all life-long hunting advocates and staunch Remington brand loyalists. They will work tirelessly to ensure that this company takes its rightful place as the iconic American brand that it was and still is.”

Sturm, Ruger & Company, Inc. to Acquire Marlin Firearms Assets

Sturm, Ruger & Company, Inc. (NYSE: RGR) announced today that its offer to purchase substantially all of the Marlin Firearms assets was accepted by Remington Outdoor Company, Inc. and approved by the United States Bankruptcy Court for the Northern District of Alabama. The Company will pay the $30 million purchase price from cash on hand at the time of closing, which is expected to occur in October.

“The value of Marlin and its 150-year legacy was too great of an opportunity for us to pass up,” said Ruger President and CEO Chris Killoy. “The brand aligns perfectly with ours and the Marlin product portfolio will help us widen our already diverse product offerings.”

The transaction is exclusively for the Marlin Firearms assets. Remington firearms, ammunition, other Remington Outdoor brands, and all facilities and real estate are excluded from the Ruger purchase. Once the purchase is completed, the Company will begin the process of relocating the Marlin Firearms assets to existing Ruger manufacturing facilities.

“The important thing for consumers, retailers and distributors to know at this point in time,” continued Killoy, “is that the Marlin brand and its great products will live on. Long Live the Lever Gun.”

Additional information will be released when available. To stay up to date, please sign up for our contact list at Ruger.com/Marlin.

BLUF:
Reacting to the surge, the anti-gun Everytown for Gun Safety suggests “thousands of guns” may have fallen into the wrong hands because the NICS system is overwhelmed.

“At the beginning of the pandemic, the [Justice Department] warned President Trump that the background check system was going to be overwhelmed — but rather than addressing it, Trump added fuel to the fire by making it even easier to buy guns,” Rob Wilcox, deputy director of policy and strategy at Everytown, complained.


Well, I’ve got phone number for the whiney boy: 1-800-WAA-AAAH


Gun Sales Spike Continues; Anti-Gunners Lament Increased Ownership

Handguns, rifles and shotguns are “flying off the shelves” with the primary focus on self-defense, and “nearly 26 million background checks were run through the FBI’s national instant check system through August,” the Washington Times is reporting.

That number will no doubt climb when the September NICS check data is released, possibly eclipsing the record number set in 2019 for the entire year, the newspaper indicated. Continue reading “”

Remington Asset Bids Revealed: Ruger Gets Marlin, Vista Gets Remington Ammo, Franklin Armory Gets Bushmaster, Sierra Gets Barnes

The bidding process for the sale of most of the assets of Remington Outdoor, Inc. is now complete. The debtors — Remington — have selected the successful bidders for each asset or asset bundle, along with backup bidders, and you can read the complete court filing here which details all of the assets purchased.

The bankruptcy court still needs to approve the successful bids, but they are as follows:

• Vista Outdoor, Inc. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit A with respect to the Lonoke Ammunitions Business and certain IP assets; and SIG Sauer, Inc. as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit B with respect to the Lonoke Ammunitions Business;

• Roundhill Group, LLC as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit C with respect to the non-Marlin Firearms Business; and Huntsman Holdings, LLC and Century Arms, Inc. as the Backup Bidders thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit D with respect to certain Firearms Business IP assets and Exhibit E with respect to certain non-Marlin Firearms Business inventory, respectively;

• Sierra Bullets, L.L.C. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit F with respect to the Barnes Ammunitions Business; and Barnes Acquisition LLC as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit G with respect to the Barnes Ammunitions Business;

• Sturm, Ruger & Company, Inc. as the Successful Bidder pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit H with respect to the Marlin Firearms Business; and Long Range Acquisition LLC as the Backup Bidder thereto pursuant to the terms of the Asset Purchase Agreement attached hereto as Exhibit I with respect to the Marlin Firearms Business;

• JJE Capital Holdings, LLC as the Successful Bidder with respect to the DPMS, H&R, Stormlake, AAC, and Parker brands;

• Franklin Armory Holdings, Inc., or its designated assignee, as the Successful Bidder with respect to the Bushmaster brand and certain related assets; and

• Sportsman’s Warehouse, Inc. as the Successful Bidder with respect to the Tapco brand.

The hearing to approve the winning bids will take place on Tuesday, September 29.

5 Gun Stocks to Watch for Investors With a Steady Hand
As we draw closer to the U.S. Presidential elections, keep these five gun stocks in your crosshairs

After years in the dog house, gun stocks have come back with a vengeance so far in 2020. And, unlike in the last boom (driven by gun control fears), there have been several tailwinds moving the needle this time.

Firstly, the novel coronavirus pandemic. With uncertainty in the air, and millions of Americans stuck at home, gun demand far outstripped supply. Then, this summer’s civil unrest further fueled firearms sales growth. Not just with gun aficionados, but first-time owners as well.

And now, with the U.S. Presidential election in November, a make-or-break moment for gun stocks could be around the corner. If President Trump wins re-election, this hot sector may take a breather. In 2016, Trump’s surprise win caught gun-makers off guard, leaving them with a glut of firearms and ammunition, as demand cratered.

But, a victory by Democratic candidate Joe Biden could further fuel the rally. Why? Obama-era fears of a “gun grab” may be back on the table. Especially if the Democrats take back the U.S. Senate as well.

With speculation over a “Biden blowout,” things still look good for the firearms sector. Even if another Trump upset isn’t off the table, either.

On the other hand, being bullish (or bearish) on gun stocks may not be as binary as it was back in 2016. Given a Trump upset could fuel even more civil unrest, gun sales may remain strong even if he wins a second term.

So, what’s the play here? While an electoral upset could take the wind out this sector yet again, continued fear and unrest may mean gun stocks remain red hot. Keep these five in your crosshairs:

  • Olin Corporation (NYSE:OLN)
  • Sturm, Ruger (NYSE:RGR)
  • Sportsman’s Warehouse (NASDAQ:SPWH)
  • Smith and Wesson (NASDAQ:SWBI)
  • Vista Outdoor (NYSE:VSTO)

NSSF is the trade association for the firearm industry. Its mission is to promote, protect and preserve hunting and the shooting sports. Formed in 1961, NSSF has a membership of thousands of manufacturers, distributors, firearms retailers, shooting ranges, sportsmen’s organizations and publishers nationwide.

BERETTA USA CONTRIBUTES $100,000 TO NSSF’S 2020 #GUNVOTE VOTER EDUCATION CAMPAIGN

BENELLI USA CONTRIBUTES $100,000 TO NSSF’S 2020 #GUNVOTE VOTER EDUCATION CAMPAIGN

DAVIDSON’S, INC. CONTRIBUTES $50,000 TO NSSF’S 2020 #GUNVOTE VOTER EDUCATION CAMPAIGN

BROWNING ARMS COMPANY, FN AMERICA CONTRIBUTE $50,000 TO NSSF’S 2020 #GUNVOTE VOTER EDUCATION CAMPAIGN

Election Day is less than 50 days away when tens of millions of voters, including more than 5 million first-time gun buyers, will head to the polls to cast their ballot in the most consequential election for the Second Amendment.

#GUNVOTE is a campaign by the NSSF to encourage America’s gun owners, target shooters and hunters to register to vote, to become educated on where the candidates stand on the Second Amendment and, on election day, not to risk their rights and #GUNVOTE.

Demand for Guns Overwhelming FBI Background Check System

The current demand for guns in America is so great that the FBI’s National Instant Criminal Background Checks System (NICS) is giving a higher number of delays and, in many cases, allowing the sale to be completed because time for the check expires.

A NICS check is designed to take only minutes, ideally being “instant.” However, there are cases where the FBI reviewers do not immediately find the records they need so they have an option to delay the check, giving reviewers three business days to complete it. If, after three days, they still have not found incriminating records on the would-be buyer, the sale is allowed to proceed.

This means there are three possible outcomes to an NICS check: 1. Pass (good to go). 2. Delay (three business days added for check). 3. Fail (can either occur instantly or during the three day extended review).

Reuters reported there was a “54 percent increase in the number of background checks that were delayed past three days in … March through July.” And over five percent of those delays lasted longer than three days. Continue reading “”

Smith & Wesson Brands, Inc., Reports Record-Breaking Firearms Sales.

In case you were wondering if gun sales were having a couple of excellent months, a recent first-quarter report from Smith & Wesson Brands, Inc., gives every indication that firearm sales are as strong as ever.

According to the report, Smith & Wesson Brands, Inc., recorded a quarterly net sales of $278 million, as compared to last year’s first quarter earnings of $123.7 million—a 124.8-percent increase over last year. The firearms segment of S&W’s business—which made up the bulk of sales for the family of brands—grossed $229.9 million, a 140.9-percent increase over last year. Continue reading “”

To be honest, I didn’t know Remington had bought Barnes


Remington Agrees to Sell Ammunition Business, Including Barnes Bullets, for $65 Million

Remington filed for Chapter 11 bankruptcy protection for the second time in July. That was after a failed attempt to sell the company to the Navajo Nation and despite the biggest gun-buying boom in the history of the world. Since then, the company has been trying to sell off its various brands and operating units.

Today, the Wall Street Journal reports that . . .

Firearms maker Remington Outdoor Co. has agreed to sell its ammunition business out of bankruptcy to South Carolina-based investment firm JJE Capital Holdings LLC for $65 million plus the assumption of liabilities, subject to better offers.

The JJE offer came in the form of a stalking-horse bid, setting a floor on the sale price for Remington’s ammunition business, which the company has been marketing while in chapter 11. Remington filed for bankruptcy protection in July and has been open to selling its ammunition and firearms operations to pay off its debt.

The proposed deal outlined in papers filed Tuesday in the U.S. Bankruptcy Court in Decatur, Ala., covers the design and manufacturing of ammunition sold under the Remington and Barnes Bullets brands and includes production facilities in Arkansas and Utah.

Continue reading “”

Brownells Donates $50,000 to CRPA for California Magazine Limit Fight

Brownells is donating $50,000 to the California Rifle & Pistol Association to help fund the fight to restore freedom and standard-capacity magazines to California gun owners.

In August, a three-judge panel of the United States Court of Appeals Ninth Circuit upheld a previous decision against California’s ban on magazines in the Duncan v. Becerra case. The panel determined a ban on magazines with capacity of over 10 rounds violates the 2nd Amendment rights of Californians.

In an effort to delay striking down California’s draconian magazine ban, the California Attorney General’s office petitioned for an en banc review of panel’s ruling, extending the struggle for California gun owners to regain their Constitutionally-guaranteed rights.

To help see that struggle through to a victorious finish, Brownells is contributing $50,000 for CRPA’s efforts to the cause.

“The California Rifle & Pistol Association Foundation is proud of the partnership with Brownells to fight for the rights of all Americans to exercise their Second Amendment rights,” said CRPA Foundation Director of Development Rick Travis. “Brownells’ generous donation will be used 100% in the fight to see the Duncan v. Becerra case to a successful conclusion in restoring the Second Amendment in California.”

If the rulings against California’s magazine ban are upheld, they could serve as precedent in similar decisions against other similar bans enacted by anti-gun politicians in other states.

Geissele Donates 250,000 Masks for 2021 SHOT Show.

Geissele Automatics had donated a quarter million face masks for use by industry professionals attending the 2021 Shooting, Hunting and Outdoor Trade (SHOT) Show scheduled Jan. 19 to 21 in Las Vegas, NV.

Gatherings during the COVID-19 pandemic require added safety precautions, but to put the annual showcase of new firearms and gear into perspective, it attracts more than 50,000 attendees every year from dozens of nations. The 250,000 face masks will be distributed during the show, which is expected to cover 714,000 square feet of the Sands Expo Center. Continue reading “”