Until then, its primary consumer offerings will be revolvers and 1911 pistols. If consumer demand returns, Colt said it is open to resuming production of a civilian model of the AR-15. "Currently, these high-volume contracts are absorbing all of Colt’s manufacturing capacity for rifles." "Our warfighters and law enforcement personnel continue to demand Colt rifles and we are fortunate enough to have been awarded significant military and law enforcement contracts," Veilleux said. on Thursday, January 24, 2013.Credit: Ron Sachs / CNP. "Given this level of manufacturing capacity, we believe there is adequate supply for modern sporting rifles for the foreseeable future.”Ĭolt will, however, continue to produce AR-15 models for the military and law enforcement agencies. A Colt AR-15 Semi-Automatic Assault Rifle displayed at the press conference held by United States Senator Dianne Feinstein (Democrat of California) to announce the introduction of legislation to ban assault weapons on Capitol Hill in Washington, D.C. Increased production and reduced prices would be great for the. The rest I have found and purchased on the internet.
Only two of the Colt AR-15’s in my collection have come from a local shop. “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 written statement. Reuters did an interesting piece on Colt on September 13th. Colt says political pressure, such as presidential candidate Beto O'Rourke's pledge to confiscate AR-15s and AK-47s, played no role in the decision. Colt, one of the nation's largest and best-known gunmakers, will stop producing AR-15s for the civilian market, the company said this week.Įxiting the civilian market is a result of decreased demand, Colt told American Military News.