Has Anyone Picked Up Any Colt 1911s Because Of Their Impending Financial Crisis?

Quote: Unfortunately, Colt is not on the list of MA approved firearms. He can't buy new, but has to work with the existing supply of used ones in MA.

Exactly, thank you.
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I live in PA and I commute an hour plus each way each day to New Jersey. I do this because I refuse to deal with the erratic and arbitrary NJ firearms laws. So I understand your situation living in MA where the firearms laws are designed to discourage law-abiding citizens from owning firearms in the first place, but I'd rather move, or in my case, refuse to move, in order to maintain my rights!
 
I have enough Colts for now. But, I do hope Colt pulls through. It will probably only be their current lineup that will increase immediately if they do go under or get acquired. I don't think it will have any impact on Pythons, older 1911's, SAA's, or older revolvers.....or it might.......who knows???
 
I'm just curious, and maybe I missed something along the way with Colt. I read that they had lost some military contracts. Obviously Colt isn't going to just disappear overnight due to filing for Chapter 11 protection.

My question is this- Since the United States government obviously has a long standing business relationship with Colt, and Colt provides small arms that are critical to national defense; does the US government have any responsibility to ensure that Colt does not fail as a business? Or does the US government simply have another company take over production of the needed small arms and let Colt go under?

What I mean specifically is under these circumstances, would the US government pump cash into Colt to keep them from going under?
 
TxFlyFish said:
Is this a situation that necessitates panic buying or one like hostess twinkies where they're going to re-emerge
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My hunch is that it's the latter. Whether their civilian products will still come from the same production lines is an open question, but the Colt brand name is too well known and highly esteemed to simply die.
IdahoG36 said:
My question is this- Since the United States government obviously has a long standing business relationship with Colt, and Colt provides small arms that are critical to national defense; does the US government have any responsibility to ensure that Colt does not fail as a business? Or does the US government simply have another company take over production of the needed small arms and let Colt go under?
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Large defense contractors seldom die completely; they are usually absorbed by another large defense contractor with the government's blessing.

The first example that springs to mind is the 1967 merger of the Douglas Aircraft Company and the smaller but more financially secure and better-managed McDonnell Aircraft Corp. The former company was big and had a very well-established brand name, but was foundering due to a lack of new defense contracts to replace recently expired ones, plus a civilian product line that wasn't profitable – sound familiar?
 
Well, I'm thinking about getting one.

Something's moving the prices, I think.

This plain-Jane gov't model was advertised last week at Impact guns for $696 and change:

http://www.impactguns.com/colt-1991-govt-45-5in-blue-o1991-098289011176.aspx

Not sure what it may be when you tweak the link, but when I copied it from the site a few minutes ago, the price was $817 and change.

Probably temporary, but I might buy one, anyway:D.

(Seeing as how I can still get it somewhere else for less)
 
carguychris
The first example that springs to mind is the 1967 merger of the Douglas Aircraft Company and the smaller but more financially secure and better-managed McDonnell Aircraft Corp. The former company was big and had a very well-established brand name, but was foundering due to a lack of new defense contracts to replace recently expired ones, plus a civilian product line that wasn't profitable – sound familiar?
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Maybe just a little familiar haha.

I never really considered; prior to Colt's announcement, the ramifications of an active defense contractor possibly going bankrupt or out of business while the military is still currently using it's product. That's what prompted my earlier question. As a matter of national security, I just couldn't see the government letting an active defense contractor go out of business without intervening.

Your answer makes perfect sense though. Any number of large defense contractors could simply absorb Colt into their holdings and it would be business as usual at the Colt factory. Perhaps that wouldn't be a bad thing.
 
Colt is going to re-organize, ditch all its Union employees, move South, and make a bundle.
Just wait, it'll all be good in a couple years.

Remington, Steyr, Marlin & all the other major gun Mfr's had to do similar things to get out of CT.
Now they're making more profit, and less headaches from anti-gun states.
 
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