Quote:
Originally Posted by CaberTosser
If Colt Canada is to produce the barrel, bolt & receiver under licence are they a separate entity from Colt in the US which is undergoing receivership? It would be hard to get those made if the machinery is currently on the auction block.......
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Quote from CBC News
Famed U.S. gun maker Colt Defense said it filed for Chapter 11 bankruptcy protection on Sunday in Delaware.
The company has a Canadian factory in Kitchener, Ont., which employs 110 people and produces the C7 and C8 assault rifles used by the Canadian military. Colt said the bankruptcy filing will have no impact on employees in Canada and the United States, including at its Kitchener plant.