, 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."Given this level of manufacturing capacity, we believe there is adequate supply for modern sporting rifles for the foreseeable future."
Veilleux said his company will continue to make and sell AR-15s for"our warfighters and law enforcement personnel" who"continue to demand Colt rifles and we are fortunate enough to have been awarded significant military and law enforcement contracts." Curbing access to AR-15s and similar rifles has become a primary focus of gun control advocates and Democratic presidential candidate Beto O'Rourke definitively said last week he wants those weapons out of circulation.
MalcolmNance Adequate supply for what? Mass murder?
Their version of the semiautomatic model is overpriced, and they’re getting beat by their competitors.
Us has to stop sell weapons to civilians it’s dangerous
21WFMJ Glad I bought mine already.
JonSterne Then just get an M4A1. Fires 5.56 in semi and full auto.
these events are FalseFlags. Rothschild (Lucifer's interim CEO) wants Gun Confiscation and endless war for Israel 2A NRA MAGA Qanon Qarmy WWG1WGA Veterans JesusSaves WWJD IsraelDid911 SynagogueOfSatan
Public opinion is turning against them and the NRA has no credibility to support them.
Plus their warehouses, they are concentrating on military weapons now
MalcolmNance It also saves them some million/billion dollar lawsuits in future. Let the other manufacturers deal with it.
MalcolmNance Hey assholes , that's because no one buys colts with the vastly improved entrepreneur companies making superior AR15s American all the way around
Fuchsia it 🤷🏻♂️🐿😵🙈
Good job NBC, you didn’t try to make fake news. You’re correct in relaying the statement made by Colt. Praise Jesus, maybe the fake news is turning around.
Vice President Biden and Eric Holder, was the two key organizers in running guns to the Mexican Cartels, people died because of them including a US border guard.
Great! Now if they would only issue a recall...
Baaahaaaa, BSNBC trying to cover for Joe Biden and Ukraine scandal. Top man Chrissy Mathews and Scarborough playin their game.
'There are enough out there for decades of mass shootings.'
Lie
It's shifting production to actual weapons of war. They will resume producing the AR-15.
Hillbilly heads are exploding!
boycottColt
It is a first step ! Better late than never. Don't be afraid to do the right and only thing to do. Thank you.
time to buy back these guns that should have never been in the hands of civilians.
Over 400 companies make an AR
TrumpIsANationalSecurityThreat
They could not complete with better ones from other manufacturers
Yeah, they’re suspending production, after they’ve made millions off it already. They didn’t say that they wouldn’t make another such weapon & sell it.
Do your reporters not understand the word temporarily?
Good, but let's get real. It's called civil liability expense and an inability to compete with Russian crap weapons.
got mine
Chaque citoyen Haitien deverait avoir un AR 15 pour sa défense : dans le futur chaque Haitien droit comme obligation de faire trois ans service militaire avant l'université.c'est mon souhait.
What a shame. Jolly good weapon to take on Charlie menace!
'adequate supply' or “we completely flooded the market with them”?
They never really mad a good civilian model.. there are many better ones for less $
This is Colt seeing a post Trump and GOP future. They know the Dems are coming for their butts.
Nothing concerning about that.
Who cares, there are other gun makers. So I would say everyone needs to never buy any colt guns at all
A D equals quality United A lock of symposiums ADEQUATE Where is equator of justice A)DEQUAT(E 🌎 D O T
'Adequate supply' for the next mass shooting?
The world is passing away 😭😭😭
Good
KellyHaapala It's because they are getting their butts kicked on the market for having overpriced rifles and losing money after being outbid in military contracts. They are going to revamp their 1911s and revolvers, since that's what people have been wanting from them.
Wow it's about time
It takes a manufacturer to say enough is enough.
The only adequate supply for these things is zero. So no, I doubt there's an adequate supply. I guess quitting manufacture is a start, though.
GunControlNow
So Colt is making a business decision not a moral decision “adequate supply in market” total shame
Now register the Ammo and ArmTheMoms
Colt is making a mistake for turning its back on the community. However, it is true that there is no shortage of other brands.
Great😁👏
Yeah !!!! It’s a start !!!!
Stop making ammo too
We didn't ban planes after 9-11. We won't ban cars/trucks though they are used to transport bombs which subsequently get blown up killing hundreds. Banning guns will not stop terrorism nor quell mass murders. Ongoing psychological student evaluation/counseling is needed.
Outstanding
Can you imagine the millions of these weapons of war that are already amongst us civilians?
There’s much more than an adequate supply. Way more.
Let me guess, there's 27 knockoff brands and this changes nothing.
Putin loves us slaughtering each other every day. Saves him the trouble, and he doesn’t even have to look bad, we do it for him. And why? Bc MOST AMERICANS FAIL TO VOTE It’s such a duty and a privilege to be a part of our nation in this way.
I’m going to file this under “no-shit-Sherlock” Adequate supply my ass. There’s an adequate supply alright, just as Putin and his buddies intended, w all their donations to buy the NRA and use it to buy and bully influence in our gov’t. OUR government. The NRA are traitors to US
... 'So welcome to the market, the BRAND NEW AR-16!'
So my only hope is that reputable gun collectors buy them as investments (still a little sketchy 🤷🏼♀️) Better that than Nazi home grown terrorist
Now the price will skyrocket!!
There’s already enough in circulation to have a mass shooting in every school- well done everyone!
Of course they will suspend sales temporarily. That way they can inflate the prices charged for these weapons. Plenty of supply, but a fake shortage will make the prices go way up.
There are definitely plenty of AR-15s to go around. But plenty is too many, and not a lot of thought seems to have been given to what happens to these weapons when the owner goes broke. If they could sell it back to the government though... in exchange for Viagra and Opioids....
They are just upgrading them... to BS-1000. (Bump-stock.. 1000 rounds a minute)
Springfield_Inc $$$$$$$$$
Cuz no one buying their shit
Pressure works. Let’s keep the debate strong. GunControlNow
StanArdlib Cue various snowflakes melting:
TananariveDue THANK YOU, COLT!!!
Colt says there is already an 'adequate supply' of their killing toy in the market. Yes Colt - we know.
Timcast ☝️☝️☝️
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