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Ruger to Pursue M4 Upper Contract?

29 Jul

During their 2010 Q2 conference call this morning, Ruger CEO Michael Fifer discussed the possibility of government contracts for the Ruger SR-556 AR platform rifle. According to Fifer the Ruger SR-556 program is so new it would likely take years to gain a foothold in the military and police markets. However he did mention the possibility of pursuing a contract to supply replacement M4 uppers to US armed forces. When queried about the caliber of these replacement uppers he stated “I don’t even think the Pentagon knows”. Additional details on their pursuit of an M4 contract, or what the possible specs would be (would it have a piston????), were not discussed.

Fifer talked about the large number of first time gun buyers during the recent boom in gun sales and whether they will become repeat customers. He believes some of these new buyers are likely to purchase a second or third firearm since they had already crossed any perceived barriers when purchasing their first gun.

Fifer does not think the recent favorable Supreme Court decisions in Washington D.C and Chicago will have a large impact in the firearms market. These cities have quickly passed new laws making private firearm ownership nearly impossible, according to Fifer.

When asked whether Ruger would enter the derringer market, Fifer said the derringer market was good but quite small at about 50,000 units annually. A Ruger derringer would be a nice compliment to their SAA revolvers, but don’t expect them to enter such a small market.

Below is the Ruger press release announcing their 2010 Q2 earnings:

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Ruger Reports Q2 Earnings, Declares Dividend
SOUTHPORT, CONNECTICUT–Sturm, Ruger & Company, Inc. (NYSE-RGR), announced today that for the second quarter of 2010, the Company reported net sales of $64.4 million and earnings per share of 43¢, compared with sales of $72.4 million and earnings per share of 46¢ in the second quarter of 2009.

For the six months ended July 3, 2010, net sales were $132.7 million and earnings were 86¢ per share. For the corresponding period in 2009, net sales were $135.9 million and earnings were 76¢ per share.

The Company also announced today that its Board of Directors declared a dividend of 10.0¢ per share for the second quarter, for shareholders of record as of August 13, 2010, payable on August 27, 2010. The amount of the dividend was based on a percentage of Operating Profit after adjustment for certain items, the same approach used by the Company since 2009. Under this approach, the amount of the quarterly dividend fluctuates directly with certain operating results of the Company.

Chief Executive Officer Michael O. Fifer made the following comments related to the Company’s results of 2010:

* New product introductions remain a strong driver of demand and represented $42 million, or 32% of sales, in the first six months of 2010.

* The estimated sell-through of the Company’s products from distributors to retailers in the first half of 2010 increased 1% from the first half of 2009, despite a reduction in National Instant Criminal Background Check System (NICS) background checks of 2% during this period.

* Cash generated from operations during the first half of 2010 was $17.8 million. At the end of the second quarter of 2010, our cash and equivalents totaled $58.7 million. Our current ratio is 4.0 to 1 and we have no debt.

* During the first half of 2010, capital expenditures totaled $12.6 million, much of it related to tooling and equipment for new products. We expect to invest approximately $18 to $20 million for capital expenditures during 2010.

* At the end of the second quarter of 2010, stockholders’ equity was $109 million, which equates to a book value of $5.68 per share, of which $3.05 per share was cash and equivalents.

* For the third consecutive year, a Ruger handgun has been named the Shooting Industry Academy of Excellence “Handgun of the Year”. The Ruger SR9c is the compact version of the SR9 striker-fired pistol, one of the slimmest and most ergonomic 9mm pistols on the market today.

The Company filed its Quarterly Report on Form 10-Q for the second quarter of 2010. The financial statements included in this Quarterly Report on Form 10-Q are attached to this press release.

The Quarterly Report on Form 10-Q is available on the SEC website at www.sec.gov and the Ruger website at www.ruger.com/corporate/. Investors are urged to read the complete Form 10-Q to ensure that they have adequate information to make informed investment judgments.

About Sturm, Ruger
Sturm, Ruger was founded in 1949 and is one of the nation’s leading manufacturers of high-quality firearms for the commercial sporting market. Sturm, Ruger is headquartered in Southport, CT, with manufacturing facilities located in Newport, NH and Prescott, AZ.

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Steyr Arms to Import MA-1 and SA-1 Pistols

28 Jul

Steyr Arms will be importing their MA-1 and SA-1 pistols to the US starting in August of 2010. From Steyr Arms:

We are pleased to announce that Steyr Arms will again import the Steyr MA-1 and SA-1 line of pistols starting in August. SAI will import additional quantities of both models in both a 9mm version as well as a .40 S&W. The MA-1 and the SA-1 were two of Steyr’s best selling models, but the fall of the dollar versus the euro over the last several years caused the price point to escalate far too high to import. Internationally, the pistols sell for 610 Euro or over $800 at a 1.4 exchange rate.

However, SAI felt the price point needed to be much lower to truly compete in the US market. Due to a bulk buying agreement with Austria and the recent rise of the dollar against the Euro, it became much more economical to import some additional pistols into the USA.

Starting in August, SAI will be re-releasing both the MA-1 and SA-1 versions at a suggested retail price of $649. We are very excited to be able to offer these items again to the Steyr fanatics out there. Thank you for all of the emails and feedback over the last two years encouraging us to bring back the pistol! For more information about the pistol series, see your local Steyr retailer or call us at 205-655-8299. Steyrarms.com.

Canik USA to Import Canik 55 Pistol

26 Jul

Last week I blogged about the Turkish made Canik 55 pistol which resembles the CZ 75. Well I discovered that a company called Canik-USA has been formed to be the exclusive US distributor for the pistol, designated as the model .

MSRP on the base model is $485.00 so the street price should be pretty attractive.

Here are some specs on the base model ‘C100B’ from the Canik-USA web site:

“With the artistry and craftsmanship of Canik55 it is no wonder why they have become a leading provider for the Turkish military and police forces. As the only privately held Turkish company with a NATO quality assurance certification we strive to provide the most accurate out of the box quality heirloom firearms.

Our classic line of pistols including the C100, S120 and L120 are improved versions of the classic 75B pistols made famous by Ceska Zbrojovka.

Model: C100
Frame/Slide: Alloy/Steel
Finish: Black
Caliber : 9 mm Parabellum (9×19)
Body: 7.2 in.
Height: 5 in.
Width: 1.38 in.
Weight: 24.4 oz.
Barrel Length: 3.9 in.

Specifications:
• 3 hammer position safety (de, half and cocked)
• Cold Forged barrel
• Luminescent rear and front sights
• 2 – Mec-Gar® brand 13 round high capacity magazines
• All components are chrome plated
• Low trigger pull weight
• Double action/Single action trigger mechanism

Standard Accessories:
• Lockable hard molded case
• ASTM F 2369/California AB106 DOJ-approved safety device
• Cleaning rod and brush

Not Available in California, Massachusetts or where prohibited by law.

Canik-USA is not affiliated in any way with and is not an authorized dealer of Ceska zbrojovka Uhersky Brod.”

CZ-75 Clone – Canik 55 Piranha 9mm

20 Jul

Many thanks to Anthrax over at the Firing Line Forum for allowing me to repost his information and photo’s on the Canik 55 Piranha. This pistol is not available (at least at this point) in the US:

There’s a lot of new guns coming out of Turkey. This one however, hasn’t been out too long. Don’t really know if its in the US market yet but hopefully it’ll make it there soon enough.

I own one. Simply love it! Overall, everything about this handgun is awesome.

Some basics about the weapon;

Caliber 9 x 19 mm Parabellum
Length 208 mm
Height 143 mm
Width 35 mm
Weight 850 gr.
Barrel Length 120 mm
Magazine Capacity 15+1 Piece
Effective Range 70 meters (+/- %10)

GENERAL SPECIFICATIONS:
• COMFORTABLE GRIP AND STABLE HOLD.
• GOOD RESULTS AT INSTINCTIVE SHOOTING.
• LOW TRIGGER PULL WEIGHT AND HIGH ACCURACY OF FIRE.
• LONG SERVICE LIFE AND SUITABLE FOR COMBAT SHOOTING.
• VERSIONS DIFFER IN THEIR SIZE, WEIGHT, MAGAZINE CAPACITY, SAFETY ELEMENTS, SURFACE FINISH, GRIP PANEL TYPES AND OTHER SPECIFIC MODIFICATIONS.
• ALL COMPONENTS ARE CHROME PLATED.

Features;

• DOUBLE ACTION / SINGLE ACTION MECHANISM
• BARREL MANUFACTURED BY MKEK USING COLD FORGING TECHNOLOGY
• REAR SIGHT AND FRONT SIGHT EQUIPPED WITH TRITIUM SYSTEM THAT ENABLES AN EASY AIM IN POOR VISIBILITY AND EVEN IN THE DARK
• MEC GAR (ITALIAN) BRANDED MAGAZINE WITH HIGH CAPACITY AND TWO COLUMNS

Holds 15+1 rounds of 9mm. A few pictures;

Range Test carried out by a good friend (Thanks to Mr Gilani) of the Pirahna.

Handgun: Canik55 Piranha
Condition: 99%
Barrel : 120 mm
Size: 208x143x35 mm
Dist: 10, 20 & 30 yds
Ammo: POF 2Z
Sequence: 5 shots from 10 yds, 5 from 20 yds and 5 from 30 yds on the same target. Sitting, with my elbows resting on the table.
Stoppages: None out of 15
Score: 130 / 150 (86.66 %)
The scores are represented by the following symbols:
10 yds – Red Circles
20 yds – Red Triangle
30 yds – Black Square
Groups
– 10 yds…………….1.1 inches (50/50 pts)
– 20 yds…………….4.8 inches (35/50 pts)
– 30 yds…………….4.9 inches (40/50 pts)
– ……………………. 125/150 (83.33 %)
Overall Score……… 130+125=255 / 450 (85%)

Accuracy Rating: VERY ACCURATE!


Will the new S&W SD pistols replace the Sigma?

17 Jul

With S&W rolling out their new SD series pistols in 9mm and .40, you have to wonder if there is room in their line-up for three polymer pistol lines? From the beginning S&W has consistently said that the SD is not replacing the Sigma – so we’ll see!

The SD is to be priced between the Sigma and M&P which would make the street price somewhere in the $400 range (I’ve seen recent reports of the SD being sold for $369 at several dealers). That’s clearly an attractive price and it would undercut nearly all other polymer pistols on the market excep for their own Sigma and the Taurus Millenium models.

In appearance, the SD looks very much like an updated Sigma with some M&P styling. The SD comes with a new trigger design that S&W is calling the Self Defense Trigger or SDT. One of the main complaints of the Sigma (and to a lesser degree the M&P) is it’s trigger, so perhaps the new design will offer better feel.

ATI FX 45 MILITARY 1911

13 Jul

American Tactical Imports (ATI) announced it is importing a new series of 1911 pistols from the Philippines, manufactured by Shooters Arms Manufacturing. MSRP on their base 1911A1 style pistol (aka their ‘Military’ model) is just $449.95.

Here is ATI’s info on the pistol:

ATI HGA FX45 1911 MILITARY 45ACP 5″ 8RD

New in 2010 and now available in stores is the ATI Firepower Xtreme .45ACP caliber 1911 pistol series from Shooters Arms Manufacturing in the Philippines.  Available in 5 different models, from classic military, competition and bull pup designs, the FX 1911 series features all steel parts, solid mahogany grips and a price point that won’t break the bank.  Compatible with many different brands of 1911 magazine, the FX series is certain to have the 1911 pistol enthusiast set for hours of satisfactory shooting.

Free Taurus Shot Timer App for iPhone

12 Jul

Available in iTunes for the iPhone is a free Shot Timer app from Taurus. It’s not going to replace a PACT or Pocket Pro on the competition circuit, but I’ve tried the free app and it works well. Here is more info on the app from Taurus:

SHOT TIMER APP

To express our gratitude to you for being a loyal Taurus customer, we would like to offer you FREE OF CHARGE the “Taurus Timer” An app for the Iphone that you can download to your phone from the iTunes store.

• Use the new “Taurus Shot Timer” to test your speed and accuracy.

• Easy to use both outdoors and indoors with our anti-echo technology.

• Review time between consecutive shots, shot count and total time shooting.

• Personalize the “Taurus Shot Timer” to your comfort with special settings such as start delay, sensitivity, par time and random start.