Sturm, Ruger Won't Sign Smith & Wesson Type Agreement
July 7, 2008
(CNSNews.com) - Sturm, Ruger & Company announced it would not agree to a Smith & Wesson-style agreement with the Clinton Administration. The company, based in Newport, NH, is the nations' largest manufacturer of firearms.
Last month, Smith & Wesson, headquartered in Springfield, MA., agreed to include safety locks on all weapons sold and to produce within the next three years a so-called "smart gun" that uses a person's finger prints to determine whether it will fire. In exchange for the agreement, Smith & Wesson was dropped from a lawsuit brought by dozens of cities and towns.
Smith & Wesson officials continue to insist their decision to come to terms with the Clinton Administration was predicated on business in an effort to be certain that it could maintain its "viability as an ongoing business entity in the face of the crippling cost of litigation."
"Please be assured that we are not negotiating with mayors or those who seek to eradicate our rights," said Stephen Sanetti, the Strum, Ruger's vice president and general counsel. "We can't speak for other manufacturers, but we remain confident that these lawsuits are completely unsupportable, both legally and factually. We will continue to fight them in every practical way."
Sanetti said his company, which employs more than 1,200 workers, has met with gun control advocates. Sanetti characterized their proposals as "completely unacceptable," and added, "I can assure you that these attacks on our constitutional rights are being met with the firmest resolve. The law and truth are both on our side and those shall prevail."
In addition to Sturm, Ruger, several other gun manufacturers have rejected the Smith & Wesson style agreement. These companies include Beretta USA, Browning, Glock, Inc. and Taurus Firearms, Inc.