Leading Gunmaker Boosts Production, Still Can’t Meet Surging Demand – By Stephen Gutowski (Free Beacon) / Oct 29 2020
One of the nation’s largest gunmakers has massively ramped up production—and still can’t meet unprecedented demand.
Sturm, Ruger & Company said it increased production 50 percent over last year, including a 15 percent surge in the second and third quarter of 2020 alone, according to an earnings report released Wednesday.
Even with increased production, Ruger’s gun inventory remains “near historic lows” due to record demand, said CEO Christopher Killoy.
“Consumer demand showed no signs of letting up during the quarter,” he said, because of “concerns about personal protection and home defense” caused by “civil unrest,” activists’ calls to defund the police, and “the continuing COVID-19 pandemic.”
Killoy said the company began hiring at a “modest, albeit growing, rate” in June after shutting down all new hiring in March because of coronavirus concerns.
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