Colt secures financing

I am not a fan of colt. For too many years they have ignored the civilian firearms market. Instead, they focused solely on the government contracts. Now that other manufacturers have secured contracts that once were held by colt and colt alone, they are now struggling. They have now secured more debt to pay off the current debt they have.

I am happy for the workers at colt.  please don't misunderstand me. They still have jobs, not many of them will be laid off during the Christmas season or shortly there after.  Let's  hope that senior management at cold has learned from their past mistakes.

Colt's rude wake-up call could benefit the civilian firearms market immensely. Perhaps this will encourage them to more actively engage the consumer with innovative and new designs.

http://www.courant.com/business/hc-colt-defense-west-hartford-connecticut-new-loan-20141118-story.html