Colt, the manufacturer of the AR-15 rifle, has announced it’s exiting the consumer rifle market as demand for high-powered, semi-automatic guns wanes. The consumer market for rifles has ...

Colt's patent for the AR-15 expired in 1977. After that, other firearms manufacturers - such as Remington, Smith & Wesson and Ruger - began producing their own versions. Colt still holds the ...

Colt will stop producing AR-15 rifles for consumers, the Connecticut-based gunmaker announced Thursday. In a statement, Colt’s CEO Dennis Veilleux said the decision to suspend production was ...

Colt had purchased rights to Eugene Stoner’s AR-15 that became the issued M16 during ... commercial and research capacity in the United States, Canada, Germany and the Czech Republic.

ArmaLite originally marketed the AR-15 to the military, but was unsuccessful, leading the company to sell the patent to manufacturing company Colt in 1963, according to Metesh. The rifle was ...