Sabre Defence is being liquidated
A bank has announced their intention to liquidate Sabre Defence …
Sale by Secured Creditor , Cadence Bank, N.A., as Secured Party under Article 9 Uniform Commercial Code including: all accounts; inventory; general intangibles, equipment; documents; all Government Contracts (subject to approval and novation process).
Sabre is a licensed manufacturer of ordnance including automatic weapons. It is a contractor for the United States government, Department of Defense and also engages in the manufacture and sale of semi- automatic weapons.
Sealed Bids: No later than 12:00 p.m., February 14, 2011
Sabre Defence Industries are best known for manufacturing AR-15 rifles but they also manufactured the civilian semi-auto AUG SA rifle for Steyr. I wonder what this news means for Steyr.
This time last year Sabre made the news when they were raided by the BATFE. It has not been a good year for the company.
[ Many thanks to jdun1911 for emailing me the link. ]
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You all seem to be missing the point. Sabre are being sold because the AFT has arrested most of its senior staff due the illegal export of gun parts to the UK.
The company was profitable.
There are no gun sales in America that aren't protected against government restriction by the Second Amendment with one exception, sales of stolen guns.