Remington Arms plans to relocate in Alabama.

[Bill Hilly]

Can anybody confirm this?
thanks!

 

[RandallC]

They have a plant in Huntsville already. It’s where they make the dpms line of weapons like the dpms ar-15.

It’s on i565 just outside of Madison.

 

[kenny1773]

latest news I see is talking about Remington not meeting the promised hiring number in the Huntsville plant

https://www.al.com/news/huntsville/2018/02/despite_remington_financial_wo.html

https://www.bizjournals.com/birming...gets-extension-on-meeting-job-quotas-for.html


Remington is so in debt, not sure how they are ever going to make it

 

[RandallC]

Yes they are in debt a bit but I think if the quality is there they will survive they need to focus on what they have going on and maintain that. Stop playing in handguns and stick to long guns.

 

[kenny1773]

Remington's reputation got damaged with how they handled the 700 trigger recall

Too much competition building better weapons at similar or better price points now. Remington is going to have to do a lot to win this one.

A debt restructuring allowed them to write off $700 million of the company's estimated $950 million debt earlier this year, their net revenue is only about 603 million, it is possible for them to get out of this, will be interesting to see