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The rifle became one of Remington's most successful firearms and quickly lent itself to developments of many sub-variants, including the Remington 700 BDL, Remington 700PSS for police and law enforcement agencies (the rifle, later renamed 700P, is very popular among law enforcement agencies) and the military M24 SWS, which was the United States ...
In June 2007, a private equity firm, Cerberus Capital Management, acquired Remington Arms for $370 million, including $252 million in assumed debt. It became part of the company's Freedom Group. Remington was millions of dollars in debt and did not report a profit from 2003 to 2005. [3] In 2015, the Freedom Group was renamed Remington Outdoor ...
Bought out by Remington in 1915 (becoming Remington-UMC Swanton but retaining the old headstamp) when it received a wartime contract to produce rifle ammunition for the French government. The French-style headstamp has the yearly quarter before the 4-digit year (e.g., 4-1917 would mean 4th Quarter (October, November and December), 1917).
The current owners of Remington Firearms, RemArms, blamed “production inefficiencies” for the plant closure in a Nov. 30 letter to union officials. They cited the high cost of maintaining and ...
RemArms licensed use of the brand name from Vista Outdoor in order to market its products using Remington Firearms branding. [8] Both Remington Firearms and Remington Ammunition appear to claim Remington Arms' history, the former noting in a 2021 press release, "Founded in 1816, Remington Firearms is one of the nation’s oldest firearms brands ...
Later, Vista Outdoor also announced its intent to split into different companies with new names and stock symbol; One company will focus on sporting goods while the other will focus on ammunition and firearms accessories. [32] After the resignation of Chris Metz in early 2023, Vista Outdoor board member Gary McArthur was named interim CEO. [33]
The Remington Nylon 66 was a rifle manufactured by Remington Arms from 1959 to 1989. It was one of the earliest mass-produced rifles to feature a stock made from a material other than wood. Previously the 22 - 410 Stevens Arms combination gun had been offered with a Tenite stock. [ 2 ]
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