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The Washington Informer

The Washington Informer

Black News, Commentary and Culture | The Washington Informer

Tag: gun manufacturers

Posted inBusiness

Dropped by the U.S. Military, Colt Goes Bankrupt

by Washington Informer June 17, 2015October 30, 2020

(The Daily Beast) – After decades arming American soldiers, first with the Vietnam era M16 and later the modern M4 rifles carried in Iraq and Afghanistan, famed gun manufacturer Colt lost its contract with the military in 2013. It never recovered. Last Sunday Colt Defense LLC filed for bankruptcy after 179 years in business. Colt’s […]

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