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March 20th, 2009

Smith & Wesson Pistol Sales Up Nearly 50%

Across the country, Americans are purchasing handguns in record numbers, and Smith & Wesson is riding this wave of gun buying. S&W reports that its pistol sales rose a whopping 45.7% in the third quarter of 2008. Due in large part to the rise in handgun revenues, Smith & Wesson Holding Corp. (NASDAQ:SWHC) reported Thursday that it posted a third-quarter profit of $2.4 million, or 5 cents a share, compared to a loss of a loss of $1.8 million, or 4 cents a share, a year ago.

Smith Wesson pistol sales

The company’s third-quarter results easily beat Wall Street estimates. For the quarter, pistol sales jumped 45.7 percent during the quarter while net product sales rose 25.9 percent. Said CEO Michael Golden, “While our hunting business continues to suffer in the current economic environment, the market for hunting rifles in a healthy economy is a sizeable one. In addition, this portion of our business produces barrels for our tactical rifles, products that are clearly in very high demand right now.”

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February 24th, 2009

Smith & Wesson Recalls Walther PPK and PPK/S Pistols

S&W PPK RecallOn February 20, 2009, Smith & Wesson issued a RECALL of Walther PPK and PPK/S pistols. This recall applies to all Walther PPK and PPK/S pistols manufactured by Smith & Wesson from March 21, 2002, until February 3, 2009. Smith & Wesson has identified a condition that may exist in certain PPK and PPK/S pistols which may permit a round to be discharged without the trigger being pulled. When the manual safety is disengaged, Smith & Wesson’s Product Engineering Group has determined that the possibility exists in certain firearms that lowering the hammer may cause a chambered round to fire.

CLICK HERE for the Serial Numbers of the pistols subject to this recall.

Remedy and Action to Be Taken
Smith & Wesson advises: “STOP USING YOUR PISTOL AND RETURN IT TO SMITH & WESSON AT ONCE. Any unintended discharge of a firearm has the potential for causing injury, and we ask that you stop using your pistol immediately.

When you return your pistol to Smith & Wesson, we will replace the existing hammer block feature with a new part at no cost to you. Your firearm will be returned as quickly and efficiently as possible. When your pistol is returned, you should note a punch dot which appears at the back of the frame. See the photograph below. This marking is verification that the new hammer block has been installed and that your pistol is safe to handle.”

ppkrecall2

FREE Shipping Voucher and Instructions
To receive a UPS pre-paid billable stamp and shipping instructions to arrange for the modification of your pistol, CLICK HERE or contact Smith & Wesson directly at 1-800-331-0852.

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August 11th, 2008

Top Pistoleros Compete at Steel Challenge, August 14-17

Steel Challenge Piru

Over 200 of the world’s best pistol shooters from 19 states and 4 foreign countries will compete for the World Speed Shooting Championship at the 2008 Steel Challenge. The Shooting events take place August 14 through 16 (Thurs. through Sat.) at the Steel Challenge Range in Piru, CA, located about 15 minutes from Magic Mountain in Southern California. Spectator admission is free. Awards ceremonies are scheduled for August 17 (Sunday) in nearby Valencia, CA.

Considered by many to be the “ultimate” speed-shooting competition, the Steel Challenge draws the world’s best pro shooters, who compete for over $350,000 in cash and prizes. The 3-day event tests competitors with eight challenging courses of fire, all “on the clock”.

Courses of fire, or stages, are made up of five steel targets which are electronically timed to 1/100th of a second. Competitors shoot each stage five times with their slowest run eliminated. The combined time of the four best runs is their score for that stage. Championships will be determined in in several categories including Rimfire, Shotgun, Single Action Revolver, Revolver, Stock Pistol and Open Pistol.

CLICK HERE for Steel Challenge VIDEO Trailer

Steel Challenge Piru
Original Video © 2007 DownRange Television

Steel Challenge Piru
Photo courtesy SteelChallenge.com

For more information, visit www.SteelChallenge.com. The Steel Challenge Media website also has STAGE DIAGRAMS and PHOTOS from recent Steel Challenge matches.

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April 30th, 2008

30th Annual Bianchi Cup May 21-24

The 30th Annual NRA National Action Pistol Championship, also known as the NRA Bianchi Cup, will be held in Columbia, Missouri, May 21 to 24. Over 200 of the world’s top pistoleros will compete at the Green Valley RPC’s Chapman Academy Range. Tens of thousands of dollars in cash and prizes will be awarded, making the Bianchi Cup one of the richest shooting sports events.

CLICK HERE for On-line Bianchi Cup Entry Form

The event originated in 1979 as a Law Enforcement Training match. The “founding father” was holster maker (and former police officer) John Bianchi. Since its inception, the NRA Bianchi Cup has retained its original, 4-event course of fire:

The Practical Event: From the appropriate shooting line, the shooter fires at distances from 10 yards to 50 yards under varying time limits.

The Barricade Event: From within shooting boxes and behind barricades, a shooter fires at targets on either side of the barricade at different distances and under varying time limits.

The Falling Plate Event: From the appropriate shooting line, the shooter fires at 8 inch round steel plates arranged in banks of six at distances from 10 to 25 yards under varying time limits.

The Moving Target Event: From within shooting boxes at distances ranging from 10 to 25 yards, the shooter fires at a target moving from left to right with the target being exposed for only 6 seconds.

Scoring
Speed and accuracy is the key to winning the Championship. Each event is timed and is worth 480 points, equaling a total of 1920 possible points.

For more info about the Bianchi Cup and Action Pistol events, contact Tom Hughes at bianchicup@nrahq.org or (800) 672-3888, extension 1478. Bianchi Cup revolver photo courtesy J.C. Blauvelt Gunsmith.

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