Firearms Demand Slipping

Firearms demand has surged in 2009, as public gun-makers Smith & Wesson and Sturm, Ruger & Co. reported sharp profit spikes largely driven by fears that the Obama Administration would impose new gun-control laws.

December 16, 2009

Firearms demand has surged in 2009, as public gun-makers Smith & Wesson and Sturm, Ruger & Co. reported sharp profit spikes largely driven by fears that the Obama Administration would impose new gun-control laws.

The laws haven't materialized, and the companies are expecting orders to fall with the public, yet remain steady with law enforcement agencies, the Wall Street Journal reports.

Smith & Wesson expects 35 percent of its revenue to come from its law enforcement clients in the current quarter, while Sturm Ruger sells more of its products to civilians.

Read the full story.

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