Firearm Industry May Hobble, But Will Not Be Crippled by Draconian Gun Measures

“…Obama told lawmakers that he wanted them to swiftly pass a assault-weapon ban and limit magazines to 10 bullets. This would mean reinstating the gun-control law created in 1994 that expired a decade later. Significantly, that will need Congress’ acquiescence, and many conservatives and gun-rights groups like the NRA have vowed to fight any legislation they feel infringes on the Second Amendment.

…a Bushmaster AR-15 manufactured by the Freedom Group, the largest long-gun manufacturer in America. The ban would likely parallel the one signed into law in New York yesterday: there, any rifle with even one militarized feature,  like a pistol grip or a flash suppressor, is now now illegal.

Any sort of ban on modern sporting rifles will greatly affect the closely held Freedom Group and also impact Smith & Wesson and Sturm, Ruger, too. Modern sporting rifles are among the most profitable weapons that gunmakers produced, says Rommel Dionisio, a Wedbush Securities analyst, as well as one of its fastest-growing segments. Freedom Group has said that modern sporting rifles are a useful tool in driving youth interest in firearms….”

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