“So a 202 year old company, now suddenly bankrupt. Sounds like the work of the modern MBAs and executives. They could screw up a rock fight.”
I’m sure it didn’t help that the Army went to foreigners for their new pistols. Seems like that contract might have saved them.
Remington didn’t enter the competition as they had no suitable offerings. You kind of have to enter to win. Besides, they got an $80 million contract to build sniper rifles for the Army a couple years ago - Obama blood money to stay in New York.