Baz Ares
Gold Member
- Feb 2, 2017
- 10,970
- 1,091
Outdoors company Vista Outdoor announced Tuesday that it will no longer produce firearms.
The firm will stop manufacturing guns but will continue to produce ammunition, which the company described as being its “largest core business.” Vista will also focus on its outdoor products.
"An increased focus on our heritage ammunition business will manifest itself in more innovative and breakthrough new products introduced over the next few years,” Vista Outdoor CEO Chris Metz said in a release.
Vista is now looking to sell its Savage and Stevens firearms lines, as well as other brands that aren’t related to guns.
The company faced pressure from outdoor retailers to stop producing guns following the mass shooting at a Parkland, Fla., high school in February, PBS reported.
Vista Outdoor to stop manufacturing guns
![11_2_1043 :11_2_1043: :11_2_1043:](/styles/smilies/new/11_2_1043.gif)
![yes_text12 :yes_text12: :yes_text12:](/styles/smilies/new/yes_text12.gif)
"Vista Outdoor, a manufacturer of guns and ammunition, said on Tuesday that it could divest from its gun brands, prompting a steep decline in stock price."
The firm will stop manufacturing guns but will continue to produce ammunition, which the company described as being its “largest core business.” Vista will also focus on its outdoor products.
"An increased focus on our heritage ammunition business will manifest itself in more innovative and breakthrough new products introduced over the next few years,” Vista Outdoor CEO Chris Metz said in a release.
Vista is now looking to sell its Savage and Stevens firearms lines, as well as other brands that aren’t related to guns.
The company faced pressure from outdoor retailers to stop producing guns following the mass shooting at a Parkland, Fla., high school in February, PBS reported.
Vista Outdoor to stop manufacturing guns
![11_2_1043 :11_2_1043: :11_2_1043:](/styles/smilies/new/11_2_1043.gif)
![yes_text12 :yes_text12: :yes_text12:](/styles/smilies/new/yes_text12.gif)
"Vista Outdoor, a manufacturer of guns and ammunition, said on Tuesday that it could divest from its gun brands, prompting a steep decline in stock price."