S&W Forms Military Advisory Council

[rc135]

S&W Holding Corp Forms Military Advisory Council
[Full article: http://www.centredaily.com/business/story/317547.html ]

SPRINGFIELD, Mass., Jan. 8 — Smith & Wesson Holding Corporation parent company of Smith & Wesson Corp., the legendary 155-year old company in the global business of safety, security, protection and sport, announced today that it has formed a Military Advisory Council, comprised of distinguished military leaders including General Bryan Brown U.S. Army Retired; General James T. Hill U.S. Army Retired; and Rear Admiral David M. Stone U.S. Navy Retired.

Michael F. Golden, S&W Holding Corporation President and CEO, said, "This is an impressive group of highly accomplished, senior level, recently retired military officers. As a council, their mission will be to share their knowledge and experience by helping S&W's senior management team to understand the needs of the military market and to deliver products that meet those needs." … Golden concluded, "As we continue to diversify our company, the U.S. government, and specifically the military and federal government channels, will continue to present us with opportunities for growth. We are excited about this very decorated and experienced council, and we look forward to their contributions in helping us take full advantage of those opportunities."

About S&W: S&W Holding Corporation, a global leader in safety, security, protection and sport, is parent company to S&W Corp., one of the world's largest manufacturers of quality firearms and firearm safety/security products and parent company to Thompson/Center Arms, Inc., a premier designer and manufacturer of premium hunting rifles, black powder rifles, interchangeable firearms systems and accessories under the Thompson/Center brand. S&W is based in Springfield, MA with manufacturing facilities in Springfield, Houlton, ME, and Rochester, NH. The S&W Academy is America's longest running firearms training facility for law enforcement, military and security professionals.

For more information on S&W, call (800) 331-0852 or log on to http://www.smith-wesson.com For more information on Thompson/Center Arms, log on to http://www.tcarms.com
Liz Sharp, VP Investor Relations
S&W Holding Corp., (480) 949-9700 x. 115
[email protected]
Source: S&W Holding Corporation

 

[MAKster]

I think the appropriate title for this press release should have been "S&W Hires Retired Generals to Lobby Pentagon for Contracts."

 

[Gunnerpalace]

What does Smith and Wesson have that the government would buy? (aside from revolvers)

 

[Jim K]

MAKster, congratulations, you win the Tin Fleece award for seeing through the bureaucratic BS!

Gunnerpalace, it is not only what they have right now, but also whether they can develop something (like an inexpensive 6.8mm conversion package for the M16/M4) that the military needs. They have some good engineers and designers. Of course, S&W is not the only company interested in lucrative government contracts. With Colt effectively out of the picture, Remington, FNH, Beretta, Ruger, and others would like a piece of that big military small arms pie. (Nothing new or unscrupulous; John Browning and Colt jumped through hoops to get the 1911 contract.)

Jim

 

[nighthawk80]

The M&P pistols.

 

[Telperion]

What would Smedley Butler say?

 

[OhioPaints]

The M&P pistols.

Well, they've been selling them to the police. They are going to have to start selling them to the military or they should change the name ;-)

Ken

 

[xd45gaper]

when was the last time a bunch of old retired O7s and up knew what the enlisted ranks needed!!!


anyways looks like it might be time to purchase some S&W stock its selling at 4$ a share

 

[Slinger]

Needs of the Military market = Lowest Bidder...enough said.

 

[mljdeckard]

xdgaper nailed it. These are NOT the men they hire to design weapons. These are the men they hire to form business alliances.

Keep this in mind too. Cerebrus (sp?) now owns Chrysler, Bushmaster, Marlin, DPMS, and Remington. I hear FN is vulnerable to purchase, but I have no idea if that's true. They could be in a serious position to make a run for a LOT of military contracts. If Smith (or anyone else) wanted to take them on, they're already behind.