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Gun sales shoot up amid America’s fear of rising crime
and terrorism
Alexandra Frean
London
Times
Tuesday, Nov 17th, 2009
Smith & Wesson, the famed American gunmaker
once owned by Tomkins, the British conglomerate, expects to
nearly double its annual sales in the next three to five years
as demand for its firearms soars in the recession. It is not
alone.
All over America demand for firearms and ammunition is rising
amid concerns that rising unemployment, which passed 10 per
cent this month, will lead inexorably to higher rates of crime.
Fears of terrorism have also helped to lift demand, as have
concerns among gun owners that the Obama Administration may
introduce restrictions on gun ownership and impose additional
taxes.
Smith & Wesson is expecting sales to rise by 30 per cent
to $102 million (£61 million) in the first quarter of
the next financial year, after growing by more than 13 per cent
this year to $335 million.
At Sturm and Ruger, sales for the third quarter hit $71.2 million,
up 70 per cent from the same period last year. At Glock, the
leader in law enforcement markets, pistol sales rose by 71 per
cent in the first quarter of the financial year for 2010, in
comparison with the same period last year.
Full
article here
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INFOWARS:
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