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The iconic firearms manufacturer filed after a long time under financial stress. Loss of government contracts plus lack of consumer sales added to their woes. Currently a hedge fund runs the company. The details remind me of the Sears saga.
(Wiki:) "...In 2002, Colt Defense was split off from Colt's Manufacturing Company. Colt Manufacturing Company now serves the civilian market, while Colt Defense serves the law enforcement, military, and private security markets worldwide. The two companies remained in the same West Hartford, CT location however, even cross-licensing certain merchandise, before reuniting in 2013..."
As a full fledged taxpaying member of the "Constipation State"... successful Connecticut companies innovate where opportunity exists...Colt just isn't one of them.
Comments
Regards,
Ted
I go by that blue onion-domed building along I-91 from time to time. It's closed, now.
https://commons.wikimedia.org/wiki/File:VIEW_SOUTH_OF_EAST_ARMORY_OF_NORTHEAST_CORNER._-_Colt_Fire_Arms_Company,_East_Armory_Building,_36-150_Huyshope_Avenue,_17-170_Van_Dyke_Avenue,_49_Vredendale_Avenue,_Hartford,_Hartford_HAER_CT-189-A-1.tif#/media/File:VIEW_SOUTH_OF_EAST_ARMORY_OF_NORTHEAST_CORNER._-_Colt_Fire_Arms_Company,_East_Armory_Building,_36-150_Huyshope_Avenue,_17-170_Van_Dyke_Avenue,_49_Vredendale_Avenue,_Hartford,_Hartford_HAER_CT-189-A-1.tif
Taser (located in Scottsdale, AZ) is:
bloomberg.com/news/articles/2015-06-16/taser-is-charging-stunning-fees-to-handle-police-video