Colt's Position Regarding the Agreement Between the White House and Smith and Wesson....
We at Colt believe that the terms of the recently announced White House Settlement with Smith and Wesson, if agreed to by us, would be threatening and harmful to our business. Moreover, the coercion used by the White House together with state and local officials under the threat of continued massive lawsuits is reprehensible. Colt does not intend to enter into any such agreement or any other agreement under these conditions. Rather, Colt intends to continue its now 164-year tradition of safely manufacturing and responsibly marketing our lawful firearm products of the highest quality and design for use by the military and law enforcement community, as well as sportsmen and collectors.