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Shooting Industry December 2011 Digital Edition - Page 12

Industry news S&W Secures L.E. Contracts, Divests Security Business S mith & Wesson Holding Corp. announces it has been awarded firearm contracts from the Austin Police Department and the San Antonio Police Officers Association. The Austin Police Department ordered 1,775 M&P pistols chambered in .40 S&W. “This decision by the Austin Police Department marks the first time in 20 years the agency has chosen to issue a standard firearm to its officers,” said Mario Pasantes, senior VP of marketing and global professional sales. The San Antonio Police Officers Association ordered 550 M&P15A patrol rifles for individual officer purchase. Custom ordered by the private organization, the rifles are approved for on-duty use. “Our law enforcement support services are structured so departments can handpick those elements that directly meet the needs and qualifications of their particular agency. As a result, within the San Antonio Police Officers Association, officers were able to customize the M&P15A rifles to meet their personal preferences, while still conforming to the list of standard specifications required by the agency,” Pasantes said. In other news, Smith & Wesson Holding has announced it will divest its perimeter security business in order to focus on firearms. Smith & Wesson reports that its core firearm business accounted for 92.5 percent of its revenue in the first quarter of its 2012 fiscal year. “The decision to divest the security solutions division, and focus our financial, managerial and operational resources toward expanding our presence across our firearm market channels, is intended to support our longterm growth opportunities and enhance stockholder value,” said James Debney, Smith & Wesson president and CEO. For more information, visit Visit Us At SHOT Show Booth # 16327 A LOT OF PEOPLE ARE CONVINCED CONVENTIONAL RODS ARE THE WAY TO GO. 12 Read SI DIGITAL • NEW BUSINESS YEAR SUPER ISSUE 2012

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