Gunmaker Colt has announced it is stepping away from producing AR-15s for civilians to focus on fulfilling military and law enforcement contracts, which have always been a much more lucrative business for the company. The higher-ups at Colt made it clear that they could one day come back to the civilian marketplace.
In a statement released Thursday, Colt explained that they’re simpling not selling enough firearms in the civilian sector, American Military News reported. In addition, Colt stated this was based on “customer feedback.”
Dennis Veilleux, Colt’s President, and CEO explained: “The fact of the matter is that over the last few years, the market for modern sporting rifles has experienced significant excess manufacturing capacity. Given this level of manufacturing capacity, we believe there is adequate supply for modern sporting rifles for the foreseeable future.”
Veilleux said they are seeing, instead, a large increase in the military and law enforcement marketplace as of late, Breitbart reported.
“On the other hand, our warfighters and law enforcement personnel continue to demand Colt rifles and we are fortunate enough to have been awarded significant military and law enforcement contracts. Currently, these high-volume contracts are absorbing all of Colt’s manufacturing capacity for rifles,” Veilleux added.
Many mispresented the company’s original statement by proclaiming they were siding with those wanting to remove AR-15s because of the mass shootings. Veilleux clarified in his statement that their decision as a company has nothing to do with the recent influx of mass shootings in America.
“We want to assure you that Colt is committed to the Second Amendment, highly values its customers and continues to manufacture the world’s finest quality firearms for the consumer market,” Veilleux said.
He concluded by stating: “Colt’s commitment to the consumer markets, however, is unwavering. We continue to expand our network of dealers across the country and to supply them with expanding lines of the finest quality 1911s and revolvers.”
Colt’s senior vice president for commercial business, Paul Spitale, did give a glimmer of hope to civilians when he said they could always come back to the civilian marketplace if demand for modern sporting rifles rises.
“It’s not forever,” Spitale said. “It’s to say that, at this moment, we’re listening to consumers and putting our resources where they’re most valued.”