Want to own a piece of Remington? And throw in Bushmaster, Marlin, DPMS, H&R and EOTAC for good measure? Well you may have your chance later this year. The Freedom Group, a holding company owned by Cerberus Capital Management, is planning to “go public”. Last fall, the Freedom Group filed a preliminary S-1 prospectus with the SEC. This launched the process of regulatory approvals needed for a Freedom Group public offering. Three weeks ago, the Freedom Group filed an amended S-1 in preparation for an IPO in the second half of 2010.
We’ve all been watching the Freedom Group gobble up one firearms-maker after another over the past few years, building the colossus of the gun industry. (See Acquisition Timeline.) Now the Freedom Group claims to be “the largest manufacturer of commercial firearms and ammunition” in the world. The Freedom Group conglomerate includes more than a dozen leading brands: Advanced Armament, Barnes Bullets, Bushmaster Firearms, Dakota Arms (including Miller Arms and Nesika), DPMS/Panther Arms, EOTAC, INTC, Marlin (including H&R, New England Firearms and L.C. Smith), and Remington Arms. With its series of acquisitions (most recently Advanced Armament and Barnes), the Freedom Group has become a dominant player in the Shooting Sports and Security Industries. In its SEC Filings, the Freedom group declared $54.5 million in net income on $848.7 million in net sales.
When will the Freedom Group launch its IPO and how much will shares cost? That information has not yet been revealed, but documents filed so far definitely point to a public offering sometime this year. Will buying shares in the Freedom Group prove a good investment? Well if you had bought gun company stocks immediately after the November 2008 election you could have tripled your money. However, some experts say Cerberus’ decision to take the Freedom Group public indicates that the “blush is off the rose” and the gun industry may be facing lean times ahead, with reduced profit potential and slower growth. For cynics, the IPO announcement confirms that Cerberus plans to “take the money and run” — disposing of the Freedom Group before its profitability declines.
NSSF VP and Gen’l Counsel Lawrence Keane has analyzed the laws governing transport of firearms and ammunition. Here Keene explains long-standing restrictions as well as some new rules that affect firearms owners who ship guns by Common Carrier or who bring firearms when they travel by air.
Disclose to the Carrier if Contents Include Firearms or Ammunition
In a recent case, an individual was criminally prosecuted by the federal government for shipping two guns and some ammunition via a common carrier. The federal government also seized and forfeited the firearms and ammo. Why? Because the shipper “knowingly” failed to disclose to the carrier in writing that the contents of the package contained firearms and ammo. He violated Section 922(e) of the Gun Control Act. This case provides an important lesson for all of us who may, for example, ship a firearm to ourselves for an event rather than check the firearm as luggage.
You MUST declare the contents to the common carrier in writing (on the carrier’s form, check the box/fill in the line). It is a crime to “knowingly to deliver or cause to be delivered to any common or contract carrier for transportation or shipment . . . to persons other than a licensed [importer, manufacturer, dealers, or collector], any package or other container in which there is any firearm or ammunition without written notice to the carrier that such firearm or ammunition is being transported or shipped.”
Name on Airline Reservations and Picture ID must be Identical
An important new change is taking place for everyone who travels. The Transportation Security Administration (TSA) has launched a program called “Secure Flight,” which will require travelers to provide their full name as it appears on the government-issued identification they will be traveling with (i.e. passport, driver’s license) when making airline reservations. With this change, you will no longer be able to travel under an abbreviated name or nickname (i.e. Scott vs. W. Scott, Liz vs. Elizabeth or Bill vs. William). This change in airline procedure may affect you and require you to make changes to how your name appears in your travel documents including profiles with your travel agency.
Educate Yourself About Restricted Items
The TSA offers a comprehensive list of all prohibited items on its website, www.TSA.gov. The lengthy list explains which items may be carried on and which must go in checked luggage. The exhaustive list of items barred from carry-on includes many things you might not expect.
For example, it is illegal to have drill bits or even screwdrivers (more than 7″ in length) in carry-on luggage. Scissors longer that 4″ must be checked. Hammers must be checked. Gel shoe inserts must be removed and checked, and even snow globes may not be carried on a plane. Because its hard to remember all the restrictions, we recommend you download the TSA’s digital PDF brochure on restricted items, and use it for reference before your new airline trip.
Some weeks ago we reported that ATK was involved in a program with military-base commanders, under which one-fired cartridge brass was “de-milled” and then sold as scrap metal to ATK. The unit commanders then retained the proceeds for “discretionary use” at their bases. This procedure drew flack from gun owners and various members of Congress who believed the brass should be sold in reloadable condition — thereby returning its “highest use value” to the U.S. Treasury.
Apparently ATK has abandoned the process of purchasing, at scrap value, demilled once-fired brass from military base commanders. According to Jim Shepherd’s Shooting Wire: “Montana Congressman Denny Rehberg has been ‘personally assured’ by Alliant Techsystems (NYSE:ATK) that the company’s controversial purchasing of demilled, once-fired military brass from individual military post commandants was ‘done’. That program launched a firestorm of protest from ammunition reloaders toward the small arms ammunition manufacturer after Montana Shooting Sports Association president Gary Marbut alleged ATK was trying to ‘pull an end-run’ around a Congressional directive to stop the process of destroying once-fired military brass.”
We hope that ATK has abandoned the de-milling program for good, and that once-fired military brass will, without exception, be made available to surplus vendors through public auctions. This was the intent of a Congressional Directive which stated that once-fired brass should be sold in reloadable condition. The U.S. government should certainly receive the highest value for surplus cartridge brass which the taxpayer paid to produce in the first place. Once-fired military brass is a popular resource for recreational and competitive shooters nationwide.
We’ve learned that many first-time visitors to AccurateShooter.com may come in via a link to the Daily Bulletin rather than through our home page. As a result, they may not be aware that there is a wealth of other content available to our readers. Our Shooters’ Forum, with nearly 11,000 registered members, is one of the best places on the web to discuss precision shooting and advanced reloading. We also offer FREE Forum Classifieds. On the editorial side, AccurateShooter.com offers hundreds of pages of content, with thousands of photos. Our Cartridge Guides are considered definitive sources of tech info for popular match calibers, and our Guns of the Week articles provide in-depth reports on outstanding custom rifles, most of which have competition pedigrees. In addition, we offer videos, gear reviews, book reviews, an event calendar, and even FREE downloadable targets.
If you’re a new visitor to AccurateShooter.com, you should check out all that we have to offer. There are hundreds of informative articles to read … and they’re all free.
Expect the price of bullets and cartridge brass to climb upwards. Though demand for loaded ammunition has slacked off somewhat in the USA, as the buying frenzy of 2008-2009 has abated, there is still strong demand for sporting ammo and reloading components. Shortages persist for some types of reloading components and military ammo demand remains strong. But the primary reason for higher brass and bullet prices is the rise in raw materials costs. In the past year, the price of copper has risen from about $2.00/lb to over $3.50/lb. Likewise, the cost of lead (used for bullet cores) has jumped from $0.60/lb to $1.05/lb.
Will this trend continue? Probably. As the world economy sputters into recovery, increased global demand for raw materials will probably continue to drive metal prices upwards — and that means reloading components will cost more. A 100-count box of 140gr bullets contains two pounds of metal. If raw material costs rise $2.00 or $3.00 per 100 bullets, eventually we will see higher bullet prices.
The Economist predicts rising metal prices through 2011: “Growing optimism about the world economy helps explain why prices are surging. News from developed economies has become sunnier. And metal-hungry China ([which] consumes a third of the world’s base metals) is expected to grow so fast that its metal demand could return to pre-crisis levels in a year or so. Supply and demand is not the only thing helping keep prices aloft. There is an ‘extraordinary market’ for copper that has departed from fundamentals, reckons Andrew Keen at HSBC. Growing copper inventories at metals-exchange warehouses (half a million tonnes or so by some estimates) have coincided with increasing prices. The same seems to be happening with aluminium, lead and nickel.”
Alliant Techsystems (NYSE:ATK) has acquired Blackhawk Industries Products Group Unlimited, LLC, a major player in the lucrative tactical products and security accessories market. The acquisition of Blackhawk, combined with the recent purchase of Eagle Industries, strengthens ATK’s position in tactical equipment for domestic and international military, law enforcement, security, and sport enthusiast markets.
“The acquisition of Blackhawk supports our strategy of expanding into adjacent lanes while leveraging ATK’s existing core competencies,” said Mark DeYoung, President and CEO. “Blackhawk provides ATK with a leading tactical systems brand, an expanded portfolio of quality products, and additional design and development expertise[.] This acquisition significantly increases our presence and our potential in the growing domestic and international security markets.”
Blackhawk was founded in 1993 by former Navy SEAL Mike Noell. It all started with a failed pack in a mine field in Iraq that inspired Noell to create his own line of gear. Headquartered in Norfolk, Virginia, Blackhawk is a leading US manufacturer of tactical gear, body armor, law enforcement duty gear, holsters, hydration systems, protective gloves and gear, apparel and footwear, knives, illumination tools, breaching tools, hunting gear, and recoil reducing stocks. The company operates manufacturing facilities in North Carolina, Montana, and Idaho. Blackhawk is one of the most widely recognized brands for tactical, military, and law enforcement equipment. Blackhawk and ATK’s existing tactical accessories business will become a division of ATK’s Security and Sporting Group.
ATK is a global aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally, and revenues in excess of $4.8 billion. ATK operates the Lake City Army Ammunition Plant, while the ATK Security and Sporting Group now includes the following major brands: Alliant Powder, Blackhawk, CCI, Champion, Eagle Industries, Federal, RCBS, Speer, and Weaver Optics.
At the request of some younger Forum members who are Facebook fans, AccurateShooter.com has added a Facebook Page. This will feature brief notices of recent feature stories, planned events, and site news. We will also be building a photo gallery and video archive as time permits. What’s cool about Facebook is that readers who link up as AccurateShooter.com “Fans” can then post items of interest on our Facebook “Wall”. Use this feature to alert other readers about upcoming matches and shooting events, or to report a hot deal on shooting gear.
So, get involved with social networking. If you’re a registered Facebook user, just click the “Become a Fan” button below to join up with our Facebook Page. Let’s see how quickly we can add 100, 200, 300 “Fans”. We started with Fan #1 when this story was released. Thanks in advance for participating!
This past week (March 29 – April 1), wounded soldiers practiced marksmanship at Fort Benning (GA) under the tutelage of USAMU instructors. The training focused on Air Rifle and Air Pistol skills in preparation for the inaugural Warrior Games, to be held May 10-14 at the Olympic Training Center in Colorado Springs, CO. The Warrior Games provide a venue where wounded, ill, and injured service-members from all branches can compete in Paralympic sports. The goal of the Warrior Games is to inspire recovery and promote opportunities for growth and achievement among wounded troops.
The Fort Benning Training Camp gave injured soldiers a chance to break away from their sometimes grueling rehabilitation schedules, and look forward to something beyond another doctor’s appointment. “It’s so easy to isolate yourself, then think that nobody understands,” said Staff Sgt. Rachelle Renaud, who required a double lumbar fushion on her spine after suffering back injuries during two Iraq deployments. “The Warrior Games have inspired me — I’m motivated to go out and go exercise, go to the gym — go do something to prepare.”
“The challenge to compete with these other soldiers who have gone through similar experiences… is very exciting,” said Capt. Juan Guerrero. Severely injured in both legs from an explosive projectile while on a patrol south of Baghdad in 2007, Guerrero offers some important advice: “They may think they aren’t going to be able to do it, but until they try it, they won’t know for sure. One of the things as a soldier is that you have to try it first. If you try it and succeed, then you go on from there. If you try and you fail, you try again. It’s a long process, but eventually, you’ll get to the point where you’ll be able to do stuff you didn’t think you could do, just like I did.”
As the week progressed, enthusiasm to get on with the Games was evident. There was no mention of treatments or appointments, just encouragement and excitement. At a practice match, the wounded competitors rooted for each other. With the Warrior Games a month away, the goal of the Games seems to be working. “What we have to do with our service-members is inspire them to reach for and achieve a rich and productive future, to defeat their illness or injury, whatever lies in their way, to maximize their abilities and know that they can have a rich and fulfilling life…” said Brig. Gen. Gary Cheek, commander, U.S. Army Warrior Transition Command.
Brownells’ 4th Annual Gunsmith Career Fair takes place on April 23 and 24, 2010, at Des Moines Marriott Downtown in Des Moines, Iowa. The event, free to gunsmiths and exhibitors, is designed to help new gunsmiths find work and otherwise advance their careers and businesses. Expert gunsmiths and gun industry leaders will be on hand to share their experience and lead seminars. Scheduled Seminars include:
- Time = Money (The Cold, Hard Facts)
– Financing your Business
– Gunsmithing Tax
– Increasing your Revenue through Engraving
– Gunsmithing for a ‘Big Box’ Retailer
– Merchandising Tips
In addition, Tom Shay (Profit Plus) will outline the essential components of a business plan and BATF Reps will host two seminars on Federal rules and regulations pertaining to gunsmithing.
Frank Brownell told us, “I’m delighted to see the seminars growing. Our goal is to make the Career Fair much more than just a place to find a job.” There’s still time to register to attend or exhibit. Sign up now at gunsmithcareerfair.com or call Stacy or Jill at (641) 623-5401. NOTE: Attendees and exhibitors should book hotel rooms and flights early as other major events are scheduled in Des Moines that same weekend.CLICK HERE to watch Gunsmith Career Fair VIDEO (Recommended).
We wish you have the chance to spend this Easter Sunday with your family and loved ones. Perhaps take the time to contemplate the blessings we all have, despite the many challenges in today’s world. In Christian theology, this day marks resurrection and rebirth.
For all of us, regardless of creed, this day carries a message of hope and the possibility of a better future. Last year, in his Easter Sunday message from the Vatican, Pope Benedict XVI declared: “At a time of world food shortage, of financial turmoil, of old and new forms of poverty, of disturbing climate change,… of growing fears over the future, it is urgent to rediscover grounds for hope.”
Want to own a piece of Remington? And throw in Bushmaster, Marlin, DPMS, H&R and EOTAC for good measure? Well you may have your chance later this year. The Freedom Group, a holding company owned by Cerberus Capital Management, is planning to “go public”. Last fall, the Freedom Group filed a preliminary S-1 prospectus with the SEC. This launched the process of regulatory approvals needed for a Freedom Group public offering. Three weeks ago, the Freedom Group filed an amended S-1 in preparation for an IPO in the second half of 2010.
Name on Airline Reservations and Picture ID must be Identical
Educate Yourself About Restricted Items
Apparently ATK has abandoned the process of purchasing, at scrap value, demilled once-fired brass from military base commanders. According to 
We’ve learned that many first-time visitors to 
AccurateShooter.com Features:
Expect the price of bullets and cartridge brass to climb upwards. Though demand for loaded ammunition has slacked off somewhat in the USA, as the buying frenzy of 2008-2009 has abated, there is still strong demand for sporting ammo and reloading components. Shortages persist for some types of reloading components and military ammo demand remains strong. But the primary reason for higher brass and bullet prices is the rise in raw materials costs. In the past year, the price of copper has risen from about $2.00/lb to over $3.50/lb. Likewise, the cost of lead (used for bullet cores) has jumped from $0.60/lb to $1.05/lb.
This past week (March 29 – April 1), wounded soldiers practiced marksmanship at Fort Benning (GA) under the tutelage of USAMU instructors. The training focused on Air Rifle and Air Pistol skills in preparation for the inaugural Warrior Games, to be held May 10-14 at the Olympic Training Center in Colorado Springs, CO. The Warrior Games provide a venue where wounded, ill, and injured service-members from all branches can compete in Paralympic sports. The goal of the Warrior Games is to inspire recovery and promote opportunities for growth and achievement among wounded troops.
Brownells’ 4th Annual 
We wish you have the chance to spend this Easter Sunday with your family and loved ones. Perhaps take the time to contemplate the blessings we all have, despite the many challenges in today’s world. In Christian theology, this day marks resurrection and rebirth.
