Report: Remington turns down purchase offer from Navajo Nation
By Christen Smith
A fan checking out a Remington rifle at the company’s booth during the 2018 NRA convention in Dallas. (Photo: Daniel Terrill/Guns.com)
Remington turned down a purchase offer from one of the largest Native American tribes in the country, according to a report from the New York Times published this week.
The Navajo Nation — encompassing 350,000 members across 27,000 square miles in Arizona, New Mexico and Utah — offered the iconic gun maker between $475 million and $525 million in cash in a draft letter obtained by the New York Times in May.
The tribe’s plan for the company, however, included discontinuing the sale of modern sporting rifles, ramping up contracts with law enforcement and military and using profits to invest in “smart gun” technology. The Native American Incentive Act would give the tribe a leg-up in obtaining lucrative government contracts, according to the newspaper.
The only guns left for public consumption would be rifles and shotguns for hunters, according to the tribe’s lawyer, Drew Ryce. Plans also existed for production to move onto the reservation, providing jobs for its members. The Navajo Nation employment rate exceeds 70 percent, Ryce said.
“Navajo is a community of veterans and people of the land,” Ryce told the