Remington Outdoor Company Research Paper

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Remington outdoor company is an American manufacturer of firearms, ammunition, and related products for the hunting, shooting sports, law enforcement, and military markets. It was founded by Eliphalet Remington in Ilion, New York with the first hand-built rifle in 1816. The headquartered is in Madison, N.C. Remington is the oldest and most well known American gun producer. It is the largest maker of shotguns and rifles (Remington Outdoor Company). Moreover, Remington has developed more cartridges than any other gun maker or ammunition manufacturer in the world. They have nearly 3,000 employees which represents one of the largest domestic manufacturing. Which enables them to deliver their products through the United States and internationally to around 50 countries. Remington has some of the most globally known brands which are, Bushmaster Firearms, Timbersmith, Marlin, Advanced Armament Corp., Tapco, The Parker Gun, H&R, Dakota Arms, Stormlake, Nesika, DPMS/Panther Arms and Barnes Bullets (About Us, 2017, September 01). …show more content…

A few years ago they have settled a class action lawsuit concerning allegations of defective rifles. Also, they have been sued because of the mass shooting in 2012 at Sandy Hook Elementary in Newtown, Connecticut. Moreover, when the president Donald Trump was elected the sales of the guns has declined. However, when Barack Obama was president the sales of the gun surged to record levels in 2016 (Smith A, 2018, February 12). In addition, the major problem for the company is that they have a very large debt. As of October 1, 2017, Remington had outstanding indebtedness of approximately $964.5 million, which is a very amount (10-k). • $250.0 million of outstanding 2020 notes; • $550.7 million outstanding under the term loan B; • $150.6 million outstanding under the ABL

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