Smith & Wesson: We support 2nd Amendment, not mandatory smart guns
By Chris Eger
Smith & Wesson says in its business judgment the company does not believe that current authorized user, or “smart gun” technology, is reliable or has any significant consumer demand. (Photo: Chris Eger/Guns.com)
Faced with activist investor opposition, Massachusetts-based Smith & Wesson reinforced their commitment to gun rights this month in a report to shareholders.
American Outdoor Brands Corp, the publicly-traded parent company of 25 brands centered around the iconic Smith & Wesson banner, released a 26-page report to investors on Feb. 8. The report, requested by a group of largely anti-gun activists who purchased 200 of the company’s 54 million shares, focuses on product safety measures and industry trends including on how so-called “smart guns” could be made by the company.
A Smart gun’s “authorized user recognition” technology, which uses biometrics to lock out firearms except for designated users, has been a favorite of gun control advocates and, while the firearms industry is not against the concept, they have long-held the theory has not caught up to the reality of making reliable guns that consumers want to buy.
“The desire for a seemingly simple technological solution to complex societal problems is understandable, but is not a basis for good business judgment,” says the report.