Colt convinced a bankruptcy judge and its creditors that the company has a solid plan to turn the corner and become a player in the firearms market once more — but critics are skeptical.
A bankruptcy judge has approved a deal for Colt to emerge from Chapter 11 by the end of the year.
A day after it’s initial deadline, Colt has extended given investors seven more days to accept a 70 percent cut in returns or a structured bankruptcy of the company.
One of the nation’s most recognized firearms brands may go under today after it asked investors to take a 70 percent pay cut or accept a so-called “pre-packaged” bankruptcy.
With loads of new semi-autos in the market, where does the classic revolver fit with your customers?
Colt’s on-again-off-again affair with Kissimmee, Florida.
A Center for Naval Analyses report found that during Army tests in the search for a replacement for the M4, one of eight competitor rifles was able to fire around 5 times more rounds before failure than the M4.