https://www.nbcnews.com/business/bu...king-ar-15s-civilian-sale-says-there-n1056561
Colt will suspend production of AR-15 rifles for civilian sales, saying there's an "adequate supply" of the high-powered weapons already in the market, the famed gun manufacturer said Thursday.
The gun-maker, based in West Hartford, Connecticut, said its decision is purely market-driven and made no mention of any public pressure over the AR-15's use in several mass shootings in the United States.
"The fact of the matter is that over the last few years, the market for modern sporting rifles has experienced significant excess manufacturing capacity," Colt President and CEO Dennis Veilleux said in a statement.
Colt will suspend production of AR-15 rifles for civilian sales, saying there's an "adequate supply" of the high-powered weapons already in the market, the famed gun manufacturer said Thursday.
The gun-maker, based in West Hartford, Connecticut, said its decision is purely market-driven and made no mention of any public pressure over the AR-15's use in several mass shootings in the United States.
"The fact of the matter is that over the last few years, the market for modern sporting rifles has experienced significant excess manufacturing capacity," Colt President and CEO Dennis Veilleux said in a statement.