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Meeting Needs During Shortage — page 16 Industry Leaders Deliver Message To Lawmakers irearm and ammunition company our story. If we’re not here telling our sto- a future,” said Jason Hornady, Hornady executives converged on Capitol ry, somebody else is going to tell it for us,” Manufacturing vice president and direcHill in late March to deliver the said Mike Fifer, Ruger CEO. tor of sales. industry’s concerns to Congressional “If we aren’t here supporting our Among the many issues discussed lawmakers. The Legislative Fly-In of a system, supporting our industry and our were federal excise tax reform, removing nearly 40-member delegation was spon- friends, we’re not going to have much of anti-competitive export controls, support sored by NSSF. for keeping firearms trac“Several industry leading data secure within the ers, CEOs and presidents law enforcement commuof companies have banded nity, increasing funding together to go up on Capifor the Don’t Lie for the tol Hill and talk to key legOther Guy campaign, and islators both in the House support for protecting toand Senate about issues day’s modern semiautothat are really important matic sporting rifles. to our industry. We create “Participants clearly jobs in the United States identified those actions and it’s important they that needed to happen in understand our point of order to keep America’s view,” said Mike Golden, firearms and ammuniSmith & Wesson Holding tion industry financially Corp. president and CEO. sound in an ever-chang“It’s really critical that Industry leaders meet with Rep. Paul Broun (R-Ga.) (center) during the NSSF ing global marketplace,” we come to Washington Legislative Fly-In. A video report of the event may be viewed in this story in said Steve Sanetti, NSSF from time to time to tell Shooting Industry’s Digital Edition. Visit www.shootingindustry.com. president. F S&W Posts Third Quarter Results mith & Wesson Holding Corp. announced in mid-March the financial results for its third fiscal quarter ending Jan. 31. Net product sales for the three months were $83.2 million, a 25.9 percent increase over the three months ending on Jan. 31, 2008. Net income for the third fiscal quarter was $2.4 million, compared with a net loss of $1.8 million for the comparable quarter last year. Total firearms sales for the third quarter were $78.5 million, an increase of 27.5 percent. Pistol sales increased 45.7 percent, while sales of M&P pistols increased 77.1 percent. M&P tactical rifle sales increased 111 percent and revolver sales increased 45.4 percent. Hunting firearm sales declined 46.4 percent. “Our handgun and tactical rifle products have consistently delivered favorable results throughout the past several quarters, and during the third quarter, we experienced significant increases in consumer demand,” said Mike Golden, Smith & Wesson Holding Corp. president and CEO. “While our hunting business continues to suffer in the current economic environment, the market for hunting rifles in a healthy economy is a sizeable one. In addition, this portion of our business produces barrels for our tactical rifles, products that are clearly in very high demand right now.” Visit www.smith-wesson.com. S he U.S. military has awarded Winchester Ammunition a five-year contract, with a maximum value of $30 million, for 9mm frangible training ammunition. The ammunition will support the Navy Surface Warfare Center, and will be made in East Alton, Ill., and Oxford, Miss. Winchester Ammunition also announces it has added five years to its sponsorship agreement with USA Shooting. “Winchester is honored to be the official ammunition of the USA Shooting Shotgun Team in competition and a supporter of their efforts in the community. Extending this relationship beyond the London Olympics in 2012 speaks highly of our commitment to each other and toward promoting the shooting sports,” said Dick Hammett, Winchester Ammunition president. “Winchester’s constant support of our team helps us represent this great country in competitions all over the world. We are very proud to shoot Winchester ammunition,” said Buddy DuVall, USA Shooting director of marketing. Visit www.winchester.com and www.usashooting.org. T Winchester Awarded Contract, Supports USA Shooting WE’RE CALLING YOU OUT TO THE SHOOTING INDUSTRY MASTERS! Page 37 8 MAY 2009 Read SI DIGITAL www.shootingindustry.com