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Browning expands its BPR Performance lineup, adding new magnum calibers to the rimfire ammo series.
The new loads, .17 HMR and .22 Win Mag, are designed to offer better accuracy paired with “immediate and devastating expansion.” The ammo is designed specifically for small game and varmint hunters looking for improved lethality.
“Adding a .17 HMR and a .22 Win. Mag. offering to the Browning BPR Performance Rimfire line gives small game and varmint hunters more powerful rimfire options in the field,” Ben Frank, Browning Ammunition brand manager, said in a press release.
Browning says hunters can expect to see the 17 grain plastic tipped .17 HMR deliver velocity at 2,550 feet per second, while the 40 grain jacketed hollow point .22 Win Mag serves a velocity at 1,910 feet per second.
The .17 HMR variant will come in 50 round and 1,000 round boxes with prices starting around $25. The .22 Win Mag will offer the same boxing as the .17 HMR with prices starting around $12.99 for 50 rounds.
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After the launch of the Recon Flex Bipods in 2017, UTG is back at it again introducing a new set of Recon Bipods called the FlexT series.
The newer Recon FlexT series serves up four models, offers an increased center height for more versatility among a more diverse crowd of long guns. The legs unlock, rotate and re-lock into place via a five-position bi-directional base. The base features what UTG says is an easy to use spring-loaded locking ring which allows for both forward and rearward stow positions in addition to 90- and 45-degree positions.
UTG offers more adjustability in the bipod legs length, helping shooters with extended or longer magazines achieve more clearance. Each leg boasts locking retention thumb wheels to secure height adjustment.
Pricing starts at $54.
Utah-based Sharp Shooter HQ brought their popular rifle stands and shooting benches to the 2018 American Outdoor Show last week in central Pennsylvania.
Owner Kent Roberts told Guns.com Sunday he made the 2,000-mile trip in hopes of stoking interest in his shooting and archery accessories, targeted toward hunting enthusiasts.
“Our benches are very, very stable and very good for long range shooting,” he said. “Probably the sturdiest gun rest there is on the market.”
Roberts and his late brother Brent began manufacturing rifle rests 37 years ago near Utah’s Mt. Timpanogas. Their company, Inventive Technology, flourished until Brent Robert’s death in 2011.
Kent Roberts and his son Brad carried on Inventive Technology’s mission, establishing Sharp Shooter HQ in American Fork, Utah.
Roberts said Sharp Shooter HQ’s bench designs encompass convenience and flexibility, offering adjustable seats suitable for children and modifications to suit both left-handed and right-handed shooters. His most popular benches fold up for easy for traveling and weigh about 27 pounds.
“Because of the way it’s made, you sit on it and then you have the weight of the gun rest … because of the weight that’s on the rest, the gun absorbs all that weight before it hits you in the shoulder, so it reduces a lot of the recoil,” he said.
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On Monday, Vista Outdoor Sales, the parent company of Federal Premium, announced a contract with the Naval Surface Warfare Center for large quantities of .40-caliber frangible ammunition.
The result of a solicitation by the Pentagon last year in which Federal beat out one other bidder, the five-year contract’s cumulative value if all options are exercised is $20 million. According to the company, the training rounds will use Federal Premium’s lead-free Catalyst high-performance primer, which is touted as being a clean-burning primer that delivers consistent performance but does not absorb moisture.
“We’re proud the U.S. Navy for this important contract,” said Jason Nash, senior director of Vista’s marketing team. “Our Catalyst lead-free priming technology is a major breakthrough and we’re excited to see it used by those that protect our freedom.”
According to the award notice, the end-user is likely the U.S. Coast Guard, which has issued .40-caliber Sig P229R handguns since 2005 in place of the 9mm Beretta M9 commonly fielded across the Department of Defense. Though part of Homeland Security, the Navy, through NSWC-Crane, “owns” the Coast Guard’s large weapons and supports the smaller sea service’s ordnance and small arms programs. The Coast Guard, in turn, fills a domestic national security role, deploys units overseas to support Navy missions, and provides embarked law enforcement detachments for select Navy ships. However, it should be noted that the Naval Criminal Investigative Service also uses Sig P239’s in .40S&W, which they adopted in 2008.
The contract is not the first large order from the Pentagon for training ammo landed by Vista in recent months. In January they picked up a $52.8 million award from the Army for 5.56mm MK311 mod 3 frangible cartridges with an end date of 2022.
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A House bill heard in committee last week to standardize gun safety education in Kansas schools would draw in large part from a program organized by the National Rifle Association.
The measure, HB 2460, would base firearm education programs in elementary and middle schools on the NRA’s Eddie Eagle Gunsafe initiative. The sponsor of the legislation, state Rep. John Whitmer, R-Wichita, says the NRA’s program, which teaches kids who encounter a firearm not to touch it, leave the area and tell an adult, sends a good message.
“It’s a great program, out Eddie Eagle bill,” said Whitmer shortly after the proposal’s first hearing in the Committee on Federal and State Affairs.
The hearing, as reported by the Topeka Capital-Journal, drew some pushback from the Kansas Association of School Boards who argued curriculum decisions should be done by local school boards, and from a Kansas City Democrat, state Rep. Louis Ruiz, who called the move an “overreach.”
Under Whitmer’s bill, which would cost an estimated $2,500 for starters, youth through the eighth grade who receive gun safety training would draw from the Eddie Eagle program while older students would take optional hunter’s education courses developed by the Kansas Department of Wildlife, Parks and Tourism. The state-run hunter’s safety course is already being taught at no cost in 63 schools.
The measure has the support of the conservation agency, the Kansas State Rifle Association and the NRA.
According to the gun rights organization, the program started in 1988 and has taught over 29 million youth in all 50 states, Canada and Puerto Rico, the basics of firearm accident prevention. Recently revamped, the group contends it is not about marketing guns to kids, just safety.
“Neither Eddie nor any members of his Wing Team are ever shown touching a firearm, and there is no promotion of firearm ownership or use,” the program’s website says. “The NRA does not make any sort of profit off the program, nor does it intend to.”
The Kansas proposal is not the first of its type. Eddie’s mandatory use was proposed for a gun safety program in Louisiana in 2015, however, in order to pass lawmakers stripped the arbitrary language and made the education optional, allowing educators to draw from other resources. Besides Louisiana, Utah and other states have moved to establish firearm safety programs in public schools.
Whitmer says his bill is set to come up in committee Thursday.
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“Everyone could use a wingman. Ours just happens to be a self-driving Humvee with a machine gun,” says the Army about its first armed and unmanned ground vehicle.
In a program that has its roots back in 2014, the Army’s began working on Wingman, a concept that married a remote weapon system to a robotic vehicle and later blended an autonomous target acquisition and tracking system being developed by the Navy to produce a gun-toting vehicle capable of operating without a driver.
Currently mounted to a Hummer, the weapon system can mount either an M134 Gatling-style minigun or an M240B machine gun and uses a series of cameras and sensors for driving and “object classification.”
The vehicle can either be autonomously driven using waypoints or manually controlled via remote. However, the Army says this is not the beginning of Skynet, armed robots ready to kill automatically without humanity.
“You’re not going to have these systems go out there like in ‘The Terminator,'” said Thomas B. Udvare, deputy chief of the program. “For the foreseeable future, you will always have a Soldier in the loop.”
The $20 million program is expanding its test bed to a larger M113 armored personnel carrier, capable of mounting more serious weapons on a remote control CROWS system such as an M2 .50-caliber heavy machine gun. A concept that has seen some testing, including live fire on Army ranges, with troops.
“We’re definitely exploring all of the possibilities,” said Paul Rogers, director of Army Tank Automotive Research, Development and Engineering Center. “We’re optimizing the different options based on what we believe will have the greatest value for our operating force in the future.”
Forward-looking Army documents project possibilities for unmanned vehicles ranging from blended task forces that use unmanned air and ground vehicles as “point” troops and recon scouts, clearing obstacles and breaching defenses. Other uses include the prospect of entire unmanned convoys of remotely driven fuel and supply trucks escorted and defended by Wingman-style gun trucks overseen by drones.
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Artist and fabricator Jimmy DiResta picked up a secondhand stock for his favorite duck gun and gave it a bit of a rework to be able to carry more shells.
DiResta says his vintage Ithaca 37 pump dates from the 1950s so instead of dinking with the original wood he picked up a replacement buttstock off eBay for $50 then set about boring holes for some extra hulls.
After a bit of magic with the drill press, some re-profiling and refinishing, the modification came together pretty nicely– but he did have to perform surgery on the stock screw to make it fit.
So what if you may have a hard time getting a cheek weld?
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Three giant 66-foot long gun barrels that served on the historic battleship during WWII and the Korean War have traveled more than 300 miles to be reunited with the vessel.
The 16-inch/50-caliber Mark 7 guns, each weighing 237,000-pounds, were first installed on the USS New Jersey when she was built at the Philadelphia Navy Yard in the 1940s. While she used them to good effect in the Pacific and off Korea, the worn barrels were replaced by new tubes, which the battleship still has, and the old wartime vintage barrels placed in storage at Norfolk Naval Shipyard’s St. Juliens Creek Annex for the past 60 years. Now, after a $200,000 fundraiser to move three of the guns from Virginia to Camden, New Jersey, the old battleship has some of her original teeth back.
According to the Battleship New Jersey Museum, all three barrels will be cleaned up and made presentable. One will go across the river to the site of the former Philadelphia Naval Shipyard where New Jersey was built, while another will remain at the battleship where it will be placed on display. The third barrel will go to the Mahan Collection Foundation in Basking Ridge, which has helped the ship preserve other rare ordnance, such as a working 40mm Bofors mount.
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Deep in the heart of Texas lies a quintessentially Texan company—Bond Arms. A gaggle of gun writers had a rare chance to see the inner workings of Bond Arms last fall during the Blue August writers’ conference.
In the plant, high-tech robotics, lasers, and humans all work to produce the nation’s best-known derringers and now, a bullpup-frame semi-auto pistol. The place is full of finished products that are works of art, as well as many instances of accidental art, created by the patterns and processes of the work.
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Remington Outdoor Company, one of the largest gun makers in the country, reached a restructuring support agreement with creditors to reduce outstanding debt and fund operations during bankruptcy proceedings.
Creditors agreed to reduce Remington’s outstanding debt by some $700 million and to contribute $145 million in capital to fund operations, according to Monday’s statement.
The restructuring agreement sets conditions for reorganization of debt payments due in 2019 and 2020 through a pre-packaged plan for chapter 11 protections to be filed in a Delaware bankruptcy court. The company’s loan debt is more than $950 million.
In addition to allowing the company to maintain business operations throughout the process, the plan will also arrange a new asset-based loan facility at emergence, the proceeds of which will refinance the existing ABL facility in full, and lenders will receive 82.5 percent of the equity plus their share of $2.67 million in cash.
“We will emerge from this process with a deleveraged balance sheet and ample liquidity, positioning Remington to compete more aggressively and to seize future growth opportunities,” Remington chief executive officer Anthony Acitelli said in the statement. “We look forward to serving our customers, our partners throughout the industry, and our many fine employees, now and long into the future.”
Rumors had been circulating leading up to Monday’s announcement, headed by reports by Thomson Reuters revealing that Remington had been preparing to file for bankruptcy protections. The North Carolina-based company had been struggling amid sluggish gun sales and a lack of investors. Nine months in, Remington’s sales fell by 38 percent last year and trailed the year before by some $177 million, according to financial filings.
Yet, Remington had laid the groundwork to improve production. In 2014, Remington began relocating manufacturing operations for its more than a dozen brands to Huntsville, Alabama. The company projected that the effort would reduce operating costs by tens-of-millions.
“Difficult industry conditions make today’s agreement prudent,” Remington’s executive chairman Jim Geisler said in the statement. “I am confident this regrouping ensures that Remington will continue as both a strong company and an indelible part of our national heritage.”
The state Senate Judiciary Sub-Committee last week recommended passage of a measure to recognize the Second Amendment as all the concealed carry permit a law-abiding Iowan needs.
The committee gave a 2-1 thumbs up to SF 2106, proposed by Republican Sen. Rick Bertrand of Sioux City, which would make it optional to obtain an Iowa Permit to Carry Weapons before going out in public with a concealed handgun.
“There is a growing body of support across the country and here in Iowa included that you shouldn’t have to ask permission of the government if you are a law-abiding citizen to bear arms,” said Sen. Jason Schultz, R-Schleswig, chairman of the subcommittee. “Regulations and laws only regulate good people.”
The measure wouldn’t do away with Iowa’s “shall-issue” permitting scheme that charges $50 for a five-year nonprofessional PCW issued by county sheriffs. What it would do is strike the sections of state law that make it a crime to carry a concealed weapon without one.
The Iowa County Attorneys Association and gun control groups such as Everytown and Giffords oppose the legislation.
Gun rights groups to include the Iowa Firearms Coalition, Iowa Gun Owners, and the National Rifle Association have joined to support the current bill.
The measure now heads to the Senate Judiciary Committee as a whole.
Streamlight continues to increase its lumens, introducing the new ProTac HPL USB light outputting a whopping 1,000 lumens.
The ProTac HPL uses a Steamlight lithium ion rechargeable battery alongside an integrated USB charge port allowing the HPL to be charged via laptop or USB wall charger. Mesuring 7.08-inches in length and tipping scales at 9.24-ounces, the light offers an IPX4 water-resistant design paired with two-meter impact resistance. Available in the ever classic black, the ProTac HPL USB ships with a USB cord and ballistic nylon holster.
“The ProTac HPL USB throws its beam far out in the distance while casting plenty of peripheral light along the way,” Streamlight Vice President, Sales and Marketing, Michael F. Dineen, said in a press release. “Tactical, professional and consumer users can use it to flood a dark alley, job site or outdoor path with light, while also seeing objects at long distances. And, for even greater versatility, users either can charge the light on the go, or insert cell batteries when a charging source is not available.”
The ProTac HPL USB boasts three modes — high, medium and low — in addition to a strobe. High delivers 1,000 lumens and 35,000 candela with a range over 374 meters. Streamlight said average run time is one hour and 30 minutes on high and 20 hours on low. Strobe can run continuously for three hours. The light is also equipped with Streamlight’s TEN-TAP Programming. This system permits users to select among three programs to fit their preference or needs. The programs include high/strobe/low, high only and low/medium/high.
Depending on configuration, Streamlight’s ProTac HPL USB will set consumers back $180 to $200.
For Bill Goad, accuracy is an obsession.
The award-winning benchrest shooter holds four world records, but these days he spends a lot of his time custom-making rifles for hunters preoccupied with accuracy, too.
“I’ve been around guns my entire life, ” he told Guns.com during an interview at the 2018 Great American Outdoor Show. “So for me, I’ve just been fascinated, whether it be the flight of a golf ball or a bullet, with accuracy.”
Goad’s quest for precision extends into ammunition, too. The Arizona-native harvested his first mule deer with a custom handload when he was 14-years-old, he said. Handloading is just another one of the services offered through Premier Accuracy, Goad’s custom gunsmith shop in Reading, Pennsylvania.
“Our little slogan is benchrest accuracy taken to the field,” he said. “We are just trying to squeeze out all the accuracy we can and put it in our rifles.”
Goad said pricing for custom rifles can range as $7,000, though most of his customers spend anywhere from $4,800 to $5,200 for a full build.
“Prices can range from anything like a customer bringing in his granddad’s hunting rifle that he loves, we can accurize it … what we call blueprinting it out, then putting on a match grade barrel and get him back out in the field for $1,200,” he said.
For a portfolio of Goad’s recent custom builds and a schedule of classes for shooting and handloading, visit Premier Accuracy’s website.
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Two San Diego Democrats want all applicants for concealed carry permits in the state to complete at least eight hours of firearms training beforehand in addition to other requirements.
The move by Assemblymembers Lorena Gonzalez-Fletcher and Todd Gloria, AB 2103, would set a mandatory minimum for training to carry a gun in the state. The lawmakers argue the regulation is needed to ensure guns don’t wind up in the wrong hands.
“Under current law in California, a person who has never even fired a gun or received proper training on how to safely handle one can receive a permit and carry a loaded firearm in public. This jeopardizes public safety and has to be addressed,” Gloria said in a statement.
The bill would set a minimum threshold of eight hours of training including live-fire shooting exercises. Current guidelines authorize sheriffs and police chiefs in the state to require no more than 16 hours of training before issuing an initial permit and a four-hour minimum on renewals. Some jurisdictions have higher requirements than what is being proposed, but gun control advocates who support the measure say a statewide mandate for more training is needed.
“AB 2103 will ensure that all concealed carry permit holders in California know how to use their firearm – a key step in avoiding unintentional shootings in our state,” said Wendy Wheatcroft, a representative of Moms Demand Action.
Gun rights supporters counter that the bill is a political power grab that will make it even harder to get a permit in the state that already has some jurisdictions that grant few of the licenses. San Diego County, the region both of AB 2103’s sponsors represent, has only 1,200 active permits for a population of over 3 million, with county Sheriff Bill Gore’s strict may-issue policies that applicants prove a “good cause” having been repeatedly challenged in court.
“This new legislation proposed by these two anti-Second Amendment State Assemblymembers calls for safety rules for gun owners that already exist,” said Michael Schwartz, executive director of San Diego County Gun Owners. “The purpose of this grandstanding is nothing more than an attempt to influence the public to believe that gun owners are dangerous and unsafe, which is untrue.”
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Velocity Triggers introduced the Marksman Performance Choice, a new American made, drop-in trigger assembly designed for AR-15s.
The Marksman Performance Choice delivers removable trigger shoes located 1/2-inch further forward. Velocity said this design lends itself to faster acquisition. The trigger shoes are constructed from aluminum with a 3/8-inch width and will come in three shapes — curved, straight or straight with finger stop. Each of the three shapes comes with a radius or flat face with serrations. AR-15 shooters can expect to see five color options including anodized black or red, Cerakote Flat Dark Earth, OD Green and pink. The trigger boasts a three- or four-pound pull weight depending on model.
The company says all triggers are machined in-house with the hammer, trigger and disconnect cut from tool steel using a Wire EDM process. The triggers are heat treated, delivering durability. The hammer and disconnect undergo a Robar’s NP3 metal finish, which is corrosion resistant and also reduces friction. The triggers then go through Diamond-Like Coating for a low friction, sturdy finish that “won’t wear down.” Trigger housings are made from aluminum and green anodized that makes for easier cleaning, according to Velocity.
The MPC Trigger Assembly retails for $189 while the MPC Trigger Shoe comes in at $14.
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After successfully navigating the publishing process, Yehuda Remer knew his venture into firearms related children’s book wasn’t done with his first publication Safety On and its companion coloring book.
In December, just days before Christmas, Remer’s second children’s book, The ABC’s of Guns, officially dropped online on Amazon. The ABC’s of Guns is pretty self-explanatory, introducing the letters of the alphabet to children in a firearms format. Remer told Guns.com in an interview that his goal in writing a second kid’s book was to help familiarize children with firearm parts.
“The ABC’s is supposed to be a fun way to educate your child on gun related features,” Remer said. “My goal in writing The ABC’s of Guns was that kids familiarize themselves with different pieces of the gun world. We concentrate so much on gun safety, which we should, but many times we forget to teach our kids about the pieces that make the guns. Knowing how a gun works by understanding the parts that make it up is very important.”
The ABC’s aims to do just that — illustrating different parts of guns in a way that young children can understand. Remer said the book is perfect for ages zero-5, and is peppered with examples of firearms related topics by letter. G for grips, F for folding stock and P for primer are just some of the ways in which Remer aims to bring firearms lingo down to a kindergarten level.
Remer said his first book Safety On proved successful, garnering the attention of big endorsements within the industry such as Alan Gottlieb of the Second Amendment Foundation, Massad Ayoob and Rob Pincus, to name a few. The outpouring of positivity pushed him to pursue another children’s book, this time centered on a little younger crowd.
The reception, so far, to the ABC book has proved positive, Remer explained.
“In terms of the reception, so far everyone has loved it,” Remer said. “The biggest comment I get from adults is ‘Wow! This is great. We are going to buy this book and let our kids use it but it’s gonna be ours not the kids.’”
The idea of bringing firearms into kids’ purview is becoming a popular one. In addition to Remer’s Safety On, Julie Golob recently jumped into the educational book realm aimed at kids. Her endeavor, Toys, Tools, Gun & Rules: A Children’s Book About Gun Safety, launched in January, aimed to offer a similar message of education and safety.
With the Children’s Hospital of Philadelphia reporting nearly 84 percent of unintentional shooting deaths of children occur in the home and a majority of these deaths come as the result of kids playing with guns they find, safety has long been an issue pushed by the gun industry.
Remer’s books aim to bridge that gap, offering parents more resources when it comes to explaining firearms, their parts and how to remain safe. “I know many people who won’t let their kids touch a gun until they can point out all the pieces when broken down,” Remer said.
Both of Remer’s books, Safety On and The ABC’s of Guns, can be found on Amazon in either physical, paperback form or in the more modern Kindle format. The ABC’s of Guns Kindle version is priced just under $6 while the classic paperback retails for just under $12.
Vista Outdoor told investors last week the complexities of Bass Pro Shops acquiring Cabela’s leaves some uncertainty in its wake, but stopped short of tying the merger to the company’s dismal third quarter results.
CEO Chris Metz said Thursday the acquisition spurred “a little bit of contraction” in sales during Vista’s third quarter ending Dec. 31.
“They’ve got a challenging merger on their hands,” he said. “They are working as diligently as they can to make one plus one equals three.”
Bass Pro finalized a $5 billion deal to buy Nebraska-based Cabela’s in September. Details regarding how the retailer will consolidate its administrative workforce at Bass Pro’s Missouri headquarters remain scarce, though CEO Johnny Morris has encouraged former Cabela’s executives to help fund severance packages for the hundreds of employees on the verge of unemployment. So far, none of the 89 Cabela’s stores will close.
“The flipside of that (merger) is for folks like us that serve them it just a period of uncertainty and not quite the order pattern we’re used to,” Metz said.
Vista owns more than three dozen companies in firearms, ammunition and shooting accessories, including Savage Arms, Stevens, Federal Premium, Speer and American Eagle. It also holds brands in the outdoor lifestyle market.
After three “challenging” quarters, however, Vista detailed plans for a price increase on some of its ammo products in April. The company quietly upped prices in January, according to Metz.
“We are putting forward price increases that we think are realistic and so far what we’ve seen from buying behavior is no real changes,” he said. “So they’re restricting in the marketplace and they are being received well.”
Vista’s third quarter sales topped $581 million, dipping 11 percent over last year as weak shooting sports performance drags down its gains in the outdoor market, Metz said.
Shooting sports sales dropped 21 percent while the category’s gross profit tanked 47 percent, according to regulatory filings.
Still, Metz expressed little concern about the impact of price increases on consumer demand or Vista’s bottom line. He believes competitors will soon follow suit.
“I think some are a little bit slower to it than we’d like to see,” he said. “It’s impossible for me to see how competitors are not going to take price increases. They’re going to have to.”
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Before a crowd at the Western Hunting and Conservation Expo in Utah last week, U.S. Interior Secretary Ryan Zinke signed an order to protect range routes for antelope, elk and mule deer.
The annual expo, sponsored by Sportsmen for Fish and Wildlife and the Mule Deer Foundation, saw Zinke ink Secretarial Order 3362 designed to improve habitat for big game in Western states along their winter range and migration corridors. Zinke said the action aims to make herds healthier for the benefit of hunters and wildlife watchers.
“American hunters are the backbone of big game conservation efforts, and now working with state and private landowners, the Department will leverage its land management and scientific expertise to both study the migration habits of wildlife as well as identify ways to improve the habitat,” Zinke said in a statement.
The order mandates that numerous federal agencies under Interior, such as the Bureau of Land Management, National Park Service, and Fish & Wildlife Service work with state conservation agencies to improve habitat for the iconic big game animals with priority given to 11 Western states.
“For example, this can be done by working with ranchers to modify their fences, working with states to collaborate on sage brush restoration, or working with scientists to better understand migration routes,” Zinke said.
The news was welcomed by sportsmen’s groups such as the Mule Deer Foundation and Rocky Mountain Elk Foundation, as well as the National Rifle Association who stressed Zinke was “taking steps to protect healthy wildlife populations and recognize that sportsmen are an integral part of modern natural resource management.”
Since his Senate confirmation last year, Zinke has made a number of decisions impacting hunting, including repealing a ban on the use of lead ammo on public lands — a move opposed by the Humane Society of the U.S. — announcing a proposal to expand hunting at 10 national wildlife refuges, designating August as National Shooting Sports Month, and ordering a management plan to expand hunting, fishing and increase outdoor recreation opportunities on federal lands.
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Budding TV show “King of 2 Miles” — about promoting and pushing the limits for long range shooting — screened at last month’s SHOT Show in Las Vegas.
Champion shooter and co-host Paul Phillips explained the show branched out of a shooting match of the same name that tests shooters with targets set at ranges from 1,500 meters to two miles.
The show branched out of an event of the same name, explained co-host Paul Phillips, a national and world champion shooter with a long list of titles under his belt. The competition already had a structure, was in its third year of existence and attracted a lot of big name shooters.
Thirteen half-hour episodes were filmed. They air on Pursuit Channel almost daily. A schedule is available here. A second season has yet to be confirmed.
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Gun maker Remington Outdoor Company has reached out for financing from banks and credit investment funds that will allow it to file for bankruptcy, according to Thursday’s report by Thomson Reuters.
Sources close to the matter told Reuters reporters the company began its search after missing a coupon payment on its debt. Remington has been working with an investment bank on options to restructure its more than $950 million debt.
The North Carolina-based gun maker is searching for debtor-in-possession financing, which would allow it to continue to operate during the financial reorganization that ensues during bankruptcy proceedings. Companies typically seek such financing when they’re financially distressed and in bankruptcy.
Remington’s woes are due in part to sluggish gun sales following the presidential election victory by Republican Donald Trump, whose key ally during the campaign was the National Rifle Association. By making gun rights a part of his platform, Trump contrasted greatly from Democratic opponent Hillary Clinton.
With Clinton predicted to win (and continue high gun and ammo sales seen during President Obama’s tenure), many in the gun industry beefed up supply only to see waning demand. Nine months in, Remington’s sales fell by 38 percent last year and trailed the year before by some $177 million, according to financial filings.
But another part of Remington’s troubles come from the investment side, according to Reuters. Following the 2012 shooting at Sandy Hook Elementary School, the company was abandoned by some of its investors after learning a Bushmaster rifles was used in the massacre. Bushmaster is one of the more than a dozen companies under the Remington umbrella. The company has had trouble regaining investors.
Remington has some $958 million in debt and repayments are due next year and 2020. Given the weak market and looming debt payments, notable credit rating services have downgraded the company’s performance and warned of the company possibly defaulting on loans.
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