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SIG MPX: Video and Details

SIG MPX video

“The next generation of submachine gun is here,” states a SIG Sauer video demonstrating the all new SIG MPX. The SIG MPX is a new submachine gun that the company is expected to show off at next week’s SHOT Show.

There are a number of features that really set this gun apart from others in this category. First, according to the video, the SIG MPX is the world’s first submachine gun to work with a fully closed and locked rotating bolt system. The gun uses the SIG Sauer short stroke gas piston system that the company has used on their other rifles. There is a last round hold open.

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Detroit Gun Works – Direction Change; Won’t Be At SHOT

I recently published a teaser ad that suggested a cooperative effort between Detroit Gun Works, Blackhawk! and Kroll International. I speculated that Detroit Gun Works would be building an AR-style rifle. Well, it now looks like Detroit Gun Works will not be at the SHOT Show and may not be making any products with their brand on it in the near future.

In a statement published on their website, Detroit Gun Works stated they will not be at the 2013 SHOT Show, and they will not be making lowers or rifles with the company name on them.

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SHOT Show Rumors

SHOT Show Rumors

Less that 30 days away, the SHOT Show rumors are starting to fly.  Some are more credible than others, but only time will tell which prove to be correct.

Winchester Repeating Arms is supposed to be introducing new versions of the Super X Pump (SXP) shotguns including a rugged marine version. I would expect the Marine Defender to be a salt-water resistant version of the SXP Defender with an 18″ barrel and 5+1 capacity.

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Smith & Wesson Gross Profit Up 35.5%

Smith Wesson Logo

Smith & Wesson released the company’s financial results for the quarter ending October 31, 2012. For the second quarter (fiscal 2013), Smith & Wesson posted a gross profit of more than $48 million, representing an increase of 35.5% over the second quarter of the previous year.

Net sales for the quarter were up $136.6 million, representing an incredible increase of 48% over the quarter from the prior year. Keep in mind that the quarter ended before President Obama was re-elected in November.

S&W noted in their results that they have increased their production capacity and improved their supply chain efficiency. Even with these improvements, the company continued to receive more orders than they could produce. In fact, the order backlog increased 122% compared to the second quarter of 2012. The total value of the backlog orders is $332.7 million. I wonder how much that jumped after the election?

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Gun Company Troubles

If the media is to be believed, gun companies are all making money hand over fist: Black Friday gun sales set all time records and the re-election of President Obama has sparked impulse buying. However, there are a few companies that are experiencing some difficulties right now.

A fire in mid-November shut down the Dan Wesson Firearms plant, halting all production of their guns. The good news is only one employee was injured, and he or she did not need hospitalization. The bad news is the company does not expect to re-open for business in 2012.

Superstorm Sandy wiped out the Henry Repeating Arms manufacturing facility in Bayonne, NJ in late October. An estimated three feet of seawater flooded the facility, damaging at least 100 of the company’s manufacturing machines. Additionally, parts of the facility’s roof was destroyed and some inventory was soaked with sea- and rainwater.

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