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SEARCHFirearms 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.
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.
