Remington bolstered its government vertical by acquiring Advanced Armament Corporation. AAC is a supplier of signature noise reduction and flash reduction devices and combat-related accessories for the military, government and commercial markets. Full press release here. Terms of the agreement were not released.
Remington has been on a purchase spree. Earlier this year, Remington acquired Dakota Arms, a manufacturer of custom and semi-custom rifles for the sporting markets.
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An article recently on thestreet.com, Cabelas Director Mark Reuben recently purchased 112,995 shares of Cabelas stock. The deal value was $1.8 million at the time of purchase. Not to shabby for a director.
Sturm, Ruger & Company, Inc. (NYSE:RGR), a leading manufacturer of sporting firearms, will hold its quarterly conference call to discuss second quarter 2009 results on Thursday, July 30, 2009, at 9:00 a.m. EDT (8 a.m. Central Time).
This call is being webcast by Thomson Reuters and can be accessed at Sturm, Ruger’s Web site at www.ruger.com/corporate.