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The AR-15 was found to be three times more reliable than the M14 rifle. [3] However, General Maxwell Taylor, then Army Chief of Staff, "vetoed" the AR-15 in favor of the M14. [3] In 1959, ArmaLite—now frustrated with the lack of results and suffering ongoing financial difficulties—sold its rights to the AR-10 and AR-15 to Colt. [1]
After Colt's patents expired in 1977, an active marketplace emerged for other manufacturers to produce and sell their own semi-automatic AR-15–style rifles. [1] Some versions of the AR-15 were classified as "assault weapons" and banned under the Federal Assault Weapons Ban in 1994 within the United States. This act expired in 2004. [2] [22]
ArmaLite AR-15 with the charging handle located on top of the upper receiver, protected within the carrying handle and a 25-round magazine. 1973 Colt AR-15 SP1 rifle with "slab side" lower receiver (lacking raised boss around magazine release button) and original Colt 20-round magazine.
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The Colt AR-15 is a product line of magazine-fed, gas-operated, autoloading rifle manufactured by Colt's Manufacturing Company ("Colt") in many configurations. [1] The rifle is a derivative of its predecessor, the lightweight ArmaLite AR-15, an automatic rifle designed by Eugene Stoner and other engineers at ArmaLite in 1956.
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