The oldest and largest U.S. manufacturer of small arms, Remington Corporation, has filed a request for protection from creditors under Chapter 11 of the U.S. code on bankruptcy.
The company emphasized that it will continue to work according to high standards, and that payments to employees, suppliers and partners will be implemented on time, and the procedure is initiated in order to allow the restructuring of debt, the size of which reaches a billion dollars.
According to experts, the cause of the deterioration of the financial condition Remington in particular, and the arms industry in the United States, oddly enough, was the victory in the presidential election Donald trump, a supporter of the right to bear arms.
After winning trump the fears of gun enthusiasts that their rights will be limited, decreased significantly, and together with them and decreased their activity. As a result, the sales volume of small arms in the United States in 2017 plummeted.