Smith&Wesson almost went bankrupt after the deal they made with Slick Willie Clinton in 2000 and they won’t make the same mistake twice.
Company report says customers don’t blame gun manufacturers for crime, no market for ‘smart guns’
Smith & Wesson announced on Friday it will not pursue so-called smart guns or abandon any of its current product line despite pressure from a group of investors.
The declarations accompanied a reportprepared by the gun manufacturer’s parent company, American Outdoor Brands, on potential “reputational risk” associated with gun violence in the United States and efforts it was making to develop guns with electronic locks or GPS monitors. The company produced the report after a group of investors, who bought shares in the company with the express purpose of trying to change its internal policies, were able to win a vote forcing them to do so.