The American firearms company Colt is suspending production of military-style weapons for civilian use, which includes the popular AR-15.
On Thursday, Colt’s president and CEO Dennis Veilleux said in a statement that the West Hartford, Connecticut-based company is not permanently ending production, but “The fact of the matter is that over the last few years, the market for modern sporting rifles has experienced significant excess manufacturing capacity. Given this level of manufacturing capacity, we believe there is adequate supply for modern sporting rifles for the foreseeable future.”
The company will concentrate on fulfilling military and law enforcement contracts with its rifle manufacturing, Veilleux said.
