The total economic impact of the firearm and ammunition industry in the United States increased from $19.1 billion in 2008 to $70.52 billion in 2021, a 269 percent increase, while the total number of full-time equivalent jobs rose from approximately 166,000 to over 375,819, a 126 percent increase in that period, according to a report released by the NSSF, the firearm industry trade association.
The U.S. Department of Commerce has temporarily suspended the issuing of new export licences. The halt in export licenses will take place for around 90 days.
The U.S. Fish and Wildlife Service has announced a record $1.5 billion in annual funding through the Wildlife and Sport Fish Restoration (WSFR) Program to support state and local outdoor recreational opportunities, and wildlife and habitat conservation efforts. Much of this fund was came from Pittman-Robertson excise taxes paid by firearm and ammunition manufacturers.
Following a meticulous work of research, reflection and partners, Verney-Carron is delighted to announce its affiliation with the company Cybergun Group, pioneer of air soft and major player in the Defense and Security sector.
French manufacturer, Verney-Carron, the oldest arms manufacturer in the country and a subsidiary of Cybergun Group, has signed a framework contract with the Ukrainian state-owned company Ukrspecexport for a record amount of €36 million.
Vista Outdoor Inc. (NYSE: VSTO) announces that its Board of Directors (the “Vista Outdoor Board”), following consultation with its financial and legal advisors, has rejected what it descibes as "the unsolicited proposal" received on November 22, 2023 from Colt CZ Group SE (“Colt CZ”) to combine Colt CZ and Vista Outdoor (the “Colt CZ Proposal”).
Vortex has announced the acquisition of GeoBallistics, a Dallas, Texas based business providing ballistic mobile application software. The GeoBallistics philosophy closely aligns with the Vortex mission of creating the best possible experience for their customers.
The Airgun Sporting Association, the trade organization of the US airgun industry, recently announced that West Virginia will soon be allowing air rifle hunting for both small and big game.
President Biden has set out a huge “Comprehensive Strategy to Prevent and Respond to Gun Crime and Ensure Public Safety” that could affect US retailers.
