Worlds’ biggest AK 47 manufacturer is bankrupt

businesday ^ | 9/21/09 | bloombnerg

[Flavius]

Bloomberg so link only

[Fireone]

Olympic Arms = lifetime guarantee!

[Redcitizen]

You should get her phone number and a date.

[Glenn]

You should get her phone number and a date.

I thought about asking her to fool around, but I was pretty sure she would think that meant arm wrestling.

[Red in Blue PA]

Gun sales aren't the only thing stimulated with that picture.

[Spktyr]

No, the original Armalite went bankrupt years ago.

The current company under that name is Eagle Arms; they bought the name from the Philippine owners. Other than the name there is no connection.

http://en.wikipedia.org/wiki/ArmaLite

Armalite didn’t win either.

[Sender]

Izhevsk won't close its doors. This is just some bravo sierra so Putin can re-nationalize it or expand it or something.

There will be hard steel coming out of Izhevsk as long as there is a Lenin in a glass box. You can take that to the bank.

[El Gato]

This calls for a government bailout.

Izhmash, where Mikhail Kalashnikov, 89, invented the AK-47 in the 1940s, is a unit of Russian Technologies Corporation, a state holding company with mining, arms and automotive assets.

It's already a government owned enterprise.. sort of like General Motors. If the Russians can't stay out of bankruptcy selling AK's, they are really fooked up, just like GM will be after a few years of "government holding".

How about a tax credit so every American can buy two and pump up sales to save jobs?

We could create the 0bama Bureau of Gun Supply with stimulus funds,

At least that might be constitutional under the Congress power to provide for arming the militia.

We've got factories that make AK's right here in the US, and they are doing quite nicely. As are the ones that make ARs, and various other engines of death. Ammunition plants are 24/7 and are just barely keeping up.

[Flavius]

its true

[zeugma]

Why give bloomberg the hits?

[Pontiac]

Well since Russia isn’t exporting revolution as much anymore the demand for cheap assault rifles made in Russia just isn’t there.

[Navy Patriot]

I guess I really do need the sarcasm tags.

[El Gato]

Also, Colt doesn’t make the M-16 any more, either. Current M-16 production is done by FN. So not a win by default.

M4 production is by Colt. In fact they are very paranoid about others calling their product "M4" even though it's an Army designation, and so doesn't belong to Colt anyway. Yet another company taken over by arrogant bean counters, who think the way to stay competitive is by hiring lots of accountants and lawyers.

[TChris]

Yet another company taken over by arrogant bean counters, who think the way to stay competitive is by hiring lots of accountants and lawyers.

That, or by "cost cutting" your organization to the bone and product quality out of existence.

"The lowest cost is not to have a business at all!"

[Spktyr]

M4 production is by Colt.
M16 production is by FN.

Both are still being purchased by the US military.

[The Comedian]

Down, but not out.