December 9th, 2017

Remington May Face Bankruptcy Reports Fox News

Remington Fox News Bankruptcy credit rating sales declines

There are tough times ahead for Remington. Fox News reports that: “Privately-held Remington Outdoor is now at risk of declaring bankruptcy after a collapse in sales and profits. Saddled with debt, the historic gun manufacturer is short on avenues for escape.” (LINK). Fox News adds:

“The rifle and shotgun manufacturer’s third-quarter sales plunged 41% as demand for firearms dried up. That led Remington to report adjusted earnings before interest, taxes, depreciation, and amortization that were 78% lower year over year. Over the first nine months of 2017, the company has produced a $60.5 million net loss, compared to a $19.1 million gain in the prior-year period.

And with its credit rating in the trash bin, the future is bleak for ‘America’s oldest gunmaker’. Today, debt on the company’s books has ballooned to almost $1 billion[.]”

Read Full Remington Report on FoxBusiness.com »

Financial analysts report that Remington’s earnings decline will further harm the company’s already poor corporate credit rating. That means Remington must pay even higher interest rates to borrow money, further bleeding cash and decreasing profitability. This, in turn, accelerates the momentum towards filing bankruptcy. Fox explains: “With the firearms and ammunition manufacturer burning through cash as a result of falling sales, S&P expects it will undertake a restructuring within the next year.”

Other large American gun industry companies have seen their stock value drop dramatically this year. Vista Outdoor (Savage, RCBS, CCI etc.) is down 62% since December 9, 2016, while American Outdoor Brands (Smith & Wesson) has dropped 36%.

Remington Has a Storied History
Founded in 1816, Remington is the oldest continuously-operating gun manufacturer in the United States, and remains one of the USA’s oldest commercial enterprises. Even with its present difficulties, Remington still sells more sporting rifles and shotguns than any other American company. Remington has developed more cartridges than any other U.S. company. And it is the only American company that sells firearms AND ammunition under its own name.

Remington Fox News Bankruptcy credit rating sales declines

The Remington enterprise was founded in 1816 by Eliphalet Remington in Ilion, New York, as E. Remington and Sons. In 2016 Remington celebrated 200 years of history. American Rifleman TV explored the history of Remington Arms Company in a TV special which focuses on many of the company’s most noted firearms. Here is a preview:

Permalink Gunsmithing, News 25 Comments »
December 9th, 2017

Springfield Armory Now Offers 6.5 Creedmoor M1A Rifles

springfield armory M1a service rifle m14 6.5 CM Creedmoor

The 6.5 Creedmoor craze goes one step further. Soon you can buy a Springfield M1A chambered for this mid-sized cartridge popularized by PRS shooters. Both bolt-action and AR-platform rifles chambered for the 6.5 Creedmoor have been available for quite some time, but this is a new direction for the M1A, which has traditionally been chambered for the 7.62×51 NATO/.308 Winchester round. As chambered for the 6.5 Creedmoor, Springfield’s M1A should be easier on shooters’ shoulders. The 6.5 Creedmoor M1A has 28% less recoil than the .308 Winchester version.*

The new 6.5 Creedmoor M1A features a 22″ medium-contour, 1:8″-twist stainless barrel with factory muzzle brake. The rifle comes with iron sights: .062 post front sight and .0520 aperture rear sight adjustable for ½ MOA windage and 1 MOA elevation. Springfield ships the rifle with a 2-stage trigger tuned to 4.5 – 5 pounds. A Springfield Armory Optics mount is available to fit a magnified optic, but, to be honest, we haven’t been very impressed with that mount.

springfield armory M1a service rifle m14 6.5 CM Creedmoor

Two stock options are offered: a basic black polymer stock (not recommended — it’s weak and flexy) or a deluxe “precision” stock with adjustable cheekpiece and adjustable LOP. The deluxe precision stock, shown above, is much more rigid, and can be configured with front underside Picatinny rail (see video). Rifle Specs HERE.

With the basic polymer stock, the 6.5 Creedmoor weighs 11.4 pounds (unloaded) and has a $1985.00 MSRP. With the adjustable precision stock, the gun is a bit heavier and retails for $2045.00 in either matte black or Flat Dark Earth (FDE).

“Having a 6.5 Creedmoor caliber in the M1A lineup gives long-range shooters more choices with the precision and accuracy they require,” says Springfield Armory CEO Dennis Reese. “They can choose the round they prefer…”, i.e. .308 Win or the 6.5 Creedmoor. Excellent factory ammo is available for both chamberings.

M1A Camp Perry 2009 6.5 Creedmoor .308 Win Winchester
Photo of 2009 M1A Match at Camp Perry. Shooter is Nick Till, 2007 Service Rifle Champion.

If you are looking for a robust semi-auto rifle that has an interesting legacy (the M1A was derived from the U.S. Military’s M14), this new M1A may suit your tastes. Every year at Camp Perry, Springfield Armory sponsors a very popular M1A match which attracts marksmen from around the country. We can’t say for sure that the 6.5 Creedmoor M1As will be allowed in M1A matches, but we would expect they will, though perhaps competing in a separate division.

Springfield Armory M1A with Basic Polymer Stock
springfield armory M1a service rifle m14 6.5 CM Creedmoor


* Comparative Recoil Energy in ft-lbs based on 12-lb rifle with 142gr 6.5 Creedmoor at 2710 FPS vs. 175gr .308 Win at 2600 FPS. Powder charge weight 41.0 grains for 6.5 Creedmoor vs. 48.0 grains for .308 Win. Calculated with online Recoil Calculator.

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December 9th, 2017

Bolt-Together Security — Zanotti Modular Gun Safe

Zanotti take-down gunsafes
The max weight of any Zanotti safe section is 175 pounds. This allows the safe to be installed more easily in upstairs rooms. It also makes the safe much easier to move to a new dwelling.

Gun Safe Arrives in Section — Bolt Together on Site
We bolt together bridges and pre-fab houses, so why not gunsafes? It fact there is a modular safe that ships in pieces and bolts together on site. Modular design allows a big, full-size safe to be transported much more easily than a conventional safe (that might weigh 1200 pounds or more). The Zanotti modular safe arrives in sections, none weighing more than 175 pounds. It is assembled in place, then can be dis-assembled when you need to move. The Zanotti is also well-suited for a gun-owner who lives in an apartment up many flights of stairs.

One Person Can Move All Sections with a Hand Dolly | Assemble in 30 Minutes with No Special Tools

Zanotti Gun safeZanotti Safes from 350 to 825 Pounds Assembled
Zanotti Armor safes are ideal for gun owners who need to move frequently or who live in a location where it is difficult to position a conventional safe. Zanotti safes arrive in three or four discrete shipping boxes. The safe is assembled by the owner, on site, in six steps. The heaviest component is the door, weighing 110 pounds in the 16-gun ZAI safe, and 175 pounds in the largest 52-gun ZAIII model. Five safe models are offered, ranging from 350 to 825 pounds assembled weight, without interior. Zanotti safes are popular with military personnel and others whose jobs force them to re-locate often. The safe can be assembled in under 30 minutes with no tools other than a hammer, and all you need is a hand dolly to move any component.

Guns Magazine reports: “The panels are interlocked by 3/8 inch, nickel-plated steel “L” shaped pins that slip into steel tubing sections welded to the interior surfaces of the panels. The slip fit is held to a tolerance of .003 inch, and the safes are completely assembled and hand-fitted at the factory to insure the panels will align properly. The body is made from 1/8 inch and 3/16 inch steel; the door from 3/16 inch steel; the locking bolts are 3/4 inch steel.” This is heavier gauge steel than you’ll find on most conventional gun safes.

Zanotti offers many deluxe interiors including a system of roll-out sliding drawers in the bottom of the safe. We think the sliding drawers are ideal for storing handguns and expensive items such as cameras and binoculars that you want to keep out of plain view. Mark Zanotti, the innovative creator of these modular safes, can also customize any interior to suit the customer’s particular needs.

To learn more about gunsafe features and fire-proofing, read our Gunsafe Buyers’ Guide.

Editor’s Note: For most applications, a conventional safe is probably still the best choice for most gun owners. Bolted down in place, a conventional safe with welded walls will provide the best security and a conventional safe can provide increased fire protection. Zanotti safes do not employ a separate layer of sheet-rock or ceramic fire lining. The Zanotti is a special product for gun-owners with special needs. The units are well-made and Zanotti offers many nice custom interior features that you won’t find even on much more expensive conventional safes.

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