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Troy Industries Issues Statement Regarding Dick’s Sporting Goods Suspension of MSR Sales

Thursday, December 27th, 2012

Troy Industries issued this statement earlier today regarding the decision by big box store Dick’s Sporting Goods to abruptly suspend sales of Modern Sporting Rifles after the tragic shooting in Newtown, CT earlier this month.

Troy Defense (Troy), a division a Troy Industries, Inc., was deeply dismayed and shocked to hear through national media outlets that Dick’s Sporting Goods (DSG) made the decision to stop selling the Troy Carbine along with other modern sporting rifles. DSG did not contact or inform Troy of this decision prior to notifying the public. Nor was Troy informed by DSG that cancellation letters were being sent to customers, set to arrive on Christmas Eve (a day Troy was closed).

Troy has invested millions of dollars in its facility and operations to bring its first ever modern sporting rifle to the market under an exclusive contract with DSG. In selecting DSG as the sole distributor of the Troy Carbine, Troy relied on DSG’s high sales forecasts and sales potential prior to undertaking the significant financial and corporate commitment necessary to design, develop, manufacture and bring a new modern sporting rifle to the marketplace. Based on DSG’s press release, DSG’s anti-gun stance is clear – DSG will not continue modern sporting rifle sales and Troy will sadly not see its Carbine readily available — despite the outlay of millions of dollars by Troy and its commitment to support DSG in its distribution efforts.

Troy is currently researching other channels to ensure continuous and consistent distribution for its rifles. But please note, Troy’s pricing to DSG was based upon volume sales. It is unlikely that pricing to any other outlet in the future will support the pricing granted to DSG. Troy understands the anger of certain DSG customers whose purchases have been cancelled – you got a great price from DSG. However, Troy, itself, cannot come anywhere close to offering the Carbine at the price DSG was offering it. DSG devalued and diluted Troy’s brand when it offered for sale the Carbine at a steeply discounted price during Thanksgiving week. As a result of the sale price set by DSG, DSG oversold and overpromised its inventory. Nonetheless, the current ill-will could have been avoided had DSG not terminated modern sporting rifle sales, promptly canceled overpromised orders, and forthrightly communicated with Troy.

Troy is hopeful that it will soon identify a new distribution channel for its Carbine. We ask for your patience and support during this difficult and transitory time.

Best regards,

Stephen Troy
CEO & Founder
The Troy Group
www.troydefense.com
www.troyind.com
www.troyprepared.com

Tags: Troy Industries
Posted in 2A, Black Rifle, Industry | 30 Comments »

A Blast From The Past – Just In Case

Saturday, December 22nd, 2012

Posted during SHOT Show, January 2009. This is the Herring Modular Sporting Rifle at the time exhibited by Ares Defense.

Ares Defense Systems, Inc.
The shape of things to come? The Modular Sporting Rifle prototype may be just the thing if threatened weapon bans are enacted. Designed to fit any AR-15 style upper receiver, the MSR looks as if an M4 mated with an 870. It certainly hides some of those menacing “assault weapon” features such as pistol grips, collapsible stocks, and external mag wells. When combined with a flat top upper, you can barely tell the rifle is a black rifle.

Tags: Ares Defense
Posted in 2A, Black Rifle, weapons | 35 Comments »

Legion Firearms LF-4 Update

Friday, December 21st, 2012

As of 1336EST Legion Firearms had seven (7) LF-4 rifles (Adam Morehead of Legion Firearms frequently refers to them as Patrol Rifles) remaining in stock. They just shipped three and have taken five orders over the last couple of hours.

The LF-4 is Legion’s newest offering, a 14.5” chrome-lined barrel with BattleComp attached, cold hammered forged steel components, B5 Systems SOPMOD stock, fixed front sight post, folding rear iron sights and a MagPul MOE grip.

“The way I see it,” Adam says, “if you look at what we’ve offered in the past, they’ve got incredible longevity and accuracy, requiring little maintenance…the LF-4 answers the need for a beefy carbine with that sort of reliability for the shooters for whom the LF-15C and LF-15D just aren’t practical…it’s more robust, with forged ordnance grade 416 uppers and lowers rather than billet aluminum. We’re looking at 2-3 times the longevity.”

Preorder the rifle over the holidays to receive a weapon with serial number 10-100; the ones still in stock, and then 30 or more each month through March (which is when 101-250 will become available).

The price for the LF-4: $1,990.00, which is what was proposed well before recent events.

www.LegionFirearms.com

Posted in Black Rifle | 1 Comment »

Why New Firearms Legislation Will Hurt The Military

Thursday, December 20th, 2012

Back in July, a Congressman proposed an amendment to the Cyber Security Act that would ban high capacity magazines. I made this argument based on the negative effects the Violent Crime Control and Law Enforcement Act of 1994 commonly referred to as the Assault Weapons Ban or AWB had on the US military. Rarely do legislators consider the second and third order affects of laws and only later, like ripples in a pond do these implications manifest themselves. Now, we can look at the AWB and its affects not only on crime but also on national defense. Please review this article but remember that it was published in July and there is currently no proposed legislation in debate.

From 1994 until 2004 the American firearms industry suffered under a form of prohibition. The “Assault Weapons Ban” not only covered weapon features but also magazines over 10 rounds. This legislation did nothing to alter crime and, once lifted did not result in any increased gun violence. Overall, it was useless legislation.

These very magazines and weapon features that were banned under the “Violent Crime Control and Law Enforcement Act of 1994” have been crucial to the US Department of Defense’s and our Allies small modernization as part of operations in Iraq as well as globally against piracy, terror and general mayhem. During the 10-year period of the AWB, US businesses curtailed small arms innovation. The point of a business is to make money. When there is little market for a product (as was the case during the AWB), the business case is not there to service it. This was most definitely the situation with magazines for the M9 Beretta Handgun. Many who served early in the war will remember poorly produced high capacity magazines for that weapon. This is because there was no competition in the marketplace due to a lack of market. Rather, government contractors for that magazine were able to produce products that performed poorly on the battlefield. There was no competition. There was no innovation.

Since the ban was lifted, an entire industry has grown and flourished, producing innovative solutions for both law abiding citizens and our military alike. American troops are the best equipped in the world and other countries look to us for technical innovation in small arms.

On the heels of the tragedy in Aurora, Colorado, opportunistic members of Congress have attached an amendment to (S.A. 2575) to the “Cybersecurity Act” (S. 3414) that would once again restrict these magazines that are critical to our military.

Contact your Congressional representation (switchboard 202-225-3121) and let them know how you feel about this proposed legislation and the hijacking of the Cybersecurity Act by opportunists. A strong American firearms industry contributes directly to our National Defense.

Posted in 2A, Black Rifle, weapons | 12 Comments »

BCM Weekly – BCM RECCE-14, Mk2

Wednesday, December 19th, 2012

This is the first of a weekly series introducing you to Bravo Company USA’s line of rifles and accessories. This week we’ll show you the BCM RECCE-14, Mk2 which is new for 2013.

Features:
BCM MID-14 mid length gas, HPT/MPI, 1/7 barrel
Centurion C4 12” handguards
BCMGUNFIGHTER Charging Handle Mod 4
BCMGUNFIGHTER Grip Mod 1
BCMGUNFIGHTER Comp Mod 1
BCM/Troy Ind Rear sight
B5 Systems SOPMOD Bravo Stock
Geissele/ALG Advanced Combat Trigger

www.bravocompanyusa.com

Tags: Bravo Company USA
Posted in Black Rifle | 8 Comments »

LWRCI Shares SGN Article on their Six8

Tuesday, December 18th, 2012

LWRCI has shared a great ShotGun News article by David Fortier on their UCIW Six8.

Check it out. www.lwrci.com/articles/SGNLWRCsix8

Tags: LWRCI, shotgun news
Posted in Black Rifle, Media, weapons | Comments Off on LWRCI Shares SGN Article on their Six8

Cerberus Selling Freedom Group – WOW, That Was Fast

Tuesday, December 18th, 2012

“It is apparent that the Sandy Hook tragedy was a watershed event that has raised the national debate on gun control to an unprecedented level.”

-Cerberus Capital Management

Early this morning Freedom Group‘s owners Cerberus Capital Management announced the decision to sell. FGI Companies include Remington, Bushmaster, DPMS/Panther Arms, Marlin, H&R, NEF, LC Smith, Parker, Dakota Arms and Mountain Khakis.

Their full statement –

We were shocked and deeply saddened by the events that took place at the Sandy Hook Elementary School in Newtown, CT on December 14, 2012. We cannot comprehend the losses suffered by the families and friends of those killed by the unthinkable crimes committed that day. No words or actions can lessen the enormity of this event or make a dent in the pain that was inflicted on so many.

In 2006 affiliates of Cerberus Capital Management, L.P. made a financial investment in Freedom Group. Freedom Group does not sell weapons or ammunition directly to consumers, through gun shows or otherwise. Sales are made only to federally licensed firearms dealers and distributors in accordance with applicable laws and regulations. We do not believe that Freedom Group or any single company or individual can prevent senseless violence or the illegal use or procurement of firearms and ammunition.

It is apparent that the Sandy Hook tragedy was a watershed event that has raised the national debate on gun control to an unprecedented level. The debate essentially focuses on the balance between public safety and the scope of the Constitutional rights under the Second Amendment. As a Firm, we are investors, not statesmen or policy makers. Our role is to make investments on behalf of our clients who are comprised of the pension plans of firemen, teachers, policemen and other municipal workers and unions, endowments, and other institutions and individuals. It is not our role to take positions, or attempt to shape or influence the gun control policy debate. That is the job of our federal and state legislators.

There are, however, actions that we as a firm can take. Accordingly, we have determined to immediately engage in a formal process to sell our investment in Freedom Group. We will retain a financial advisor to design and execute a process to sell our interests in Freedom Group, and we will then return that capital to our investors. We believe that this decision allows us to meet our obligations to the investors whose interests we are entrusted to protect without being drawn into the national debate that is more properly pursued by those with the formal charter and public responsibility to do so.

Our thoughts and prayers are with the families and communities impacted by this tragic and devastating event.

Posted in 2A, Black Rifle, Industry | 20 Comments »