Posted November 15, 2014 7:00 am by Comments

By Nathaniel F

Colt Defense Large_Colt Defense LLC

Colt Defense, LLC is apparently having trouble paying off its loans. BusinessWeek reports: Colt Defense LLC is seeking capital to stave off an “expected default” next month as gunmakers suffer from lower defense spending and as consumers purchase fewer firearms. The 178-year-old weapons maker said it’s “probable” it won’t comply with a loan agreement by […]

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