Smith & Wesson defends industry standards in BlackRock response
By Daniel Terrill
The Smith & Wesson booth during SHOT Show 2018 in Las Vegas. (Photo: Daniel Terrill/Guns.com)
Executives with American Outdoor Brands Corporation, the holding company for Smith & Wesson, drafted a detailed response to questions posed by the world’s largest money manager, BlackRock Inc, about the gun maker’s products and business practices.
The eight-page response described how AOB complies with the many regulations that govern the gun industry before its products reach consumers, but also placate BlackRock over concerns about any lax or ineffective measures.
“We believe it is important to tell you that we respect the national debate that is currently underway regarding firearms and safety,” said a letter signed by AOB chair Barry Monheit and CEO James Debney.
They said they “share the nation’s grief over the incomprehensible and senseless loss of life” caused by last month’s school shooting in Parkland, Florida, which left 17 people dead and 15 others injured.
They added that they support “a comprehensive discussion regarding preventing violence in our communities” and that they’re “committed to reviewing all reasonable proposals with an open mind.”
But they argued that they think rather than imposing new regulations, the government should first better enforce existing laws to prevent prohibited buyers from obtaining firearms, address