‘We are under attack’: Smith & Wesson CEO says gun legislation forced move away from Springfield

‘We are under attack’: Smith & Wesson CEO says gun legislation forced move away from Springfield

An employee forging carbon steel in 2200 degree heat at Smith & Wesson manufacturer on Friday, Oct. 1, 2021. (Hoang ‘Leon’ Nguyen / The Republican) SPRINGFIELD — Smith & Wesson president and CEO Mark Smith says the company doesn’t want to make an enemy of the state of Massachusetts. But he feels at least some lawmakers have made an enemy of Smith & Wesson with legislation that would ban the manufacture in Massachusetts of firearms that are unlawful to sell here. The legislation is a response to mass shootings involving semiautomatic rifles made by Smith & Wesson and other companies. Advocates say high-capacity magazines and high rates of fire make the guns too dangerous for civilian hands. “We are under attack by the state of Massachusetts,” Smith said Friday. CEO for two years and operations director for a decade before that, Smith gave a tour of the bustling, half-million-square-foot factory a day after announcing the company would move its headquarters and 550 jobs in production and management to gun-friendly Maryville, Tennessee. It’s not a move the company wanted to make, he said. It will cost $125 million “that I didn’t want to spend,” Smith said. Riding a wave of brisk gun sales, mostly to first time-buyers, Smith & Wesson said revenue hit $1.1 billion in the most recent fiscal year, up from $529.6 million a year earlier. “Why would I disrupt that?” he said. Mark Smith is the president and CEO of Smith & Wesson, which manufactures firearms in […]

Click here to view original web page at ‘We are under attack’: Smith & Wesson CEO says gun legislation forced move away from Springfield

Leave a Reply

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