Gun-Maker Colt Will Stop Selling AR-15’s to the General Public
The AR-15 rifle is among the most popular and well known guns sold in the United States. One of the main reason that the public is aware of the weapon is it’s frequent use by mass shooters. The National Rifle Association has called the AR-15 “America’s most popular rifle.”
The public’s ability to own a weapon like the AR-15 has been a common topic during the Democratic debates. Today, gun maker Colt announced that they would end their production of the AR-15 for civilian users.
The company was quick to point out that the ban was not about safety, it was simply about business. Colt does not feel they could make a profit on the weapon with the abundance of similar rifles in the marketplace.
Colt CEO Dennis Veilleux said, “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.”
He also noted that the company will still sell the gun to the military. “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,” said Veilleux. “Currently, these high-volume contracts are absorbing all of Colt’s manufacturing capacity for rifles.”
The company also discussed the 2nd Amendment, saying, “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.”