Smith & Wesson Flees Mass.—And Tougher Gun Laws—After 169 Years

Smith & Wesson Flees Mass.—And Tougher Gun Laws—After 169 Years

Topline Smith & Wesson, one of the oldest gun manufacturers in the U.S., will relocate its headquarters to Tennessee after being based out of Massachusetts for 169 years, company CEO Mark Smith said Thursday, becoming another major gun maker to move to states with laxer gun-control laws. Milwaukee, UNITED STATES: Troy Bacon (L) and Ken Schiedemeyer (R) look over the Smith & Wesson hand … [+] Key Facts Tennessee’s “unwavering support” of the Second Amendment was among the factors in the move, Smith said in a statement . Smith & Wesson would not be able to manufacture some of its products that made up over 60% of its revenue last year if a stricter gun control legislation proposed in Massachusetts were to be enacted, Smith said, referring to the legislation as “arbitrary” and “damaging.” The move will happen in 2023, and include 750 jobs and a $125 million investment, the company said in a statement, adding that over 1,000 employees will remain in Springfield, Massachusetts, for manufacturing operations. Smith & Wesson has been based in Springfield, Massachusetts since 1852 and has made well-known products such as the Smith & Wesson Model 29. In May, Troy Industries, one of America’s largest small arms components and accessories maker, said it will move its manufacturing operation out of Massachusetts to Tennessee, citing a “changing climate” for firearms manufacturers in Massachusetts, according to multiple reports. Dark Storm Industries, a firearms manufacturer founded in 2013, announced in June its decision to move its manufacturing […]

Click here to view original web page at Smith & Wesson Flees Mass.—And Tougher Gun Laws—After 169 Years

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.