Palmetto State Armory BUYS REMINGTON? - TGC News!

Published on September 21, 2020
Duration: 10:37

Palmetto State Armory's parent company, JJE Capital Holdings, has made a $65 million offer for Remington's ammunition business, signaling a major industry consolidation. The video also reviews the high-end GM6 Lynx .50 BMG bullpup rifle and the Gunwerks Lite SabR integrally suppressed bolt-action rifle, highlighting their advanced features and significant price points. Legal updates include settlements for New Frontier Armory and Glock's patent infringement victory.

Quick Summary

JJE Capital Holdings, owner of Palmetto State Armory, has offered $65 million for Remington's ammunition business. The video also reviews the GM6 Lynx .50 BMG rifle ($14,750 MSRP) and the Gunwerks Lite SabR ($12,800 MSRP), alongside legal updates.

Chapters

  1. 00:00Intro: PSA/Remington News & IWI Showcase
  2. 01:00Review: GM6 Lynx .50 BMG Rifle
  3. 03:15Review: Gunwerks Lite SabR Rifle
  4. 05:14Industry Legal Updates: Lawsuits & Settlements
  5. 06:21Major News: PSA Acquires Remington Ammo?
  6. 08:25Q&A: Ammo Shortage & TGC Goals

Frequently Asked Questions

What is the latest news regarding Palmetto State Armory and Remington?

JJE Capital Holdings, the parent company of Palmetto State Armory, has reportedly made a $65 million offer to acquire Remington's ammunition business as part of Remington's bankruptcy proceedings. This potential acquisition signifies a major expansion for PSA within the firearms industry.

What are the key features and price of the GM6 Lynx rifle?

The GM6 Lynx is a semi-automatic .50 BMG bullpup rifle made in Hungary. It features a reciprocating barrel to manage recoil and claims sub-MOA accuracy. Its MSRP is $14,750, with spare magazines costing $450.

Can you describe the Gunwerks Lite SabR rifle?

The Gunwerks Lite SabR is an extremely lightweight, integrally suppressed bolt-action rifle. It uses an XLR Industries magnesium chassis, a carbon fiber folding stock, and a 3D-printed titanium grip. Chambered in .338 RCM, its MSRP is $12,800.

What legal updates were mentioned in the firearms industry?

New Frontier Armory settled with New Jersey over magazine sales for $50,000. Additionally, Glock successfully won a six-year lawsuit against Airsplat.com for patent and trademark infringement, resulting in over $2.2 million in damages awarded to Glock.

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