TexasCHLforum.com

BTW Andy, how does YOUR new series 80-style 1911 shoot, feel, smell, etc. ?

I'm green with envy!

Abraham wrote:I read that Colt lost bids on military contracts resulting in their being pushed almost into bankruptcy - That being said: Who/What Corporation/mfg. etc was awarded the contracts?

Anyone here know? Thanks!

Perhaps the answer lies here"

"The downturn for Colt seems to have started after the company, which had relied on sales to the government, lost a multimillion dollar bid for to arm the military.

Following a drawn-out and contentious bidding war, Colt lost its contract to provide the Pentagon with M4 rifles in 2013. The $77 million contract went instead to a Belgian company, F.N. Herstal."

http://www.blackpressusa.com/dropped-by ... lGqSr.dpbs" onclick="window.open(this.href);return false;

A more comprehensive analysis of what forced Colt into bankruptcy is in this article. It's worth a read:

http://www.thenewamerican.com/economy/m ... bankruptcy" onclick="window.open(this.href);return false;

ELB wrote:Morongo Tribe Rides to Colt’s Rescue

From my reading of that article, the title is a bit overambitious: The Morongos have said they're willing to buy, but doesn't sound like they have been taken up on the offer yet...

Most interesting article ELB! Thanks for posting! Definitely worth the read.

It is an ambitious plan, and it sounds like their desire to own Colt is pretty high on their business plan list. They just might be able to pull it off. I hope they do. BUT, if they do, please, please Mr. Ryce, DO NOT relocate the plant to your headquarters in Palm Springs, CA! If relocation will happen, take a look at Texas. We'd(at least me) would welcome you with open arms. I think the Governor would too!

I love the last paragraph of the article!

JSThane wrote:

joe817 wrote:Here we go. Try this on for size.

IF Colt does go belly up and the courts order liquidation, I think that someone will buy the trade name Colt and start manufacturing 1911's all over again. And I think the company who will buy the name will be Armscor.

I'll do ya one worse. Taurus. Imagine one of their revolvers with a prancing pony on the side...

I'd rather not.

Here we go. Try this on for size.

IF Colt does go belly up and the courts order liquidation, I think that someone will buy the trade name Colt and start manufacturing 1911's all over again. And I think the company who will buy the name will be Armscor.