February 28, 2015 8:40 AM ET

Leisure Products

Company Overview of Remington Arms Company, LLC

Company Overview

Remington Arms Company, LLC designs, produces, and sells sporting goods and products for the hunting, shooting sports, and self defense, as well as military, government, and law enforcement markets. It offers firearms, such as muzzleloaders, digital optic products, shotguns, centerfire rifles, rimfire rifles, compact models, left hand models, tactical models, handguns, custom products, and air guns; and ammunition products, including shotshells, centerfire pistols and revolvers, UMC, black powder, industrial products, and components. The company also offers accessories, such as Remington 1816, cutlery, Remington wheels, gun parts, gun care products, and storage and safety products; and inter...

870 Remington Drive

P.O. Box 700

Madison, NC 27025-0700

United States

Founded in 1816

2,275 Employees

Phone:

336-548-8700

Fax:

336-548-7801

Key Executives for Remington Arms Company, LLC

Executive Chairman and Member of Executive Committee
Age: 55
Chief Operating Officer
Age: 55
Chief Sales Officer
Age: 52
Chief Technology Officer
Age: 55
Chief Information Officer
Age: 54
Compensation as of Fiscal Year 2014.

Remington Arms Company, LLC Key Developments

Remington Arms Co. and Plaintiffs in Two Class-Action Lawsuits Formalizes a Settlement Agreement

Remington Arms Co. and plaintiffs in two class-action lawsuits formalized a settlement agreement under which the company will replace the triggers on millions of guns, including its most popular bolt-action rifles. Under the deal reached in July and filed in federal court in Kansas City, Remington will replace X-Mark Pro triggers on its popular Model 700 and Model Seven rifles manufactured from May 1, 2006, through April 9, 2014. It also agreed to replace XMP triggers on a number of other models, but does not acknowledge any equipment defect. Dozens of lawsuits have been filed against Remington over the past three decades, several by people who claimed injury and death from guns that misfired. In a 1994 Texas case, a jury awarded $17 million to a man who lost his foot. In 2010, Remington issued a statement saying its Model 700 had been 'free of defect' since it was first produced.

Remington Arms Co. Announces Lays Offs

Remington Arms Co. announced that the company laid off another 126 employees at its gun making plant in Ilion, New York. This comes roughly three months after the company let 105 employees go as it prepares to move operations to Alabama. The company employs 1,300 people at its Ilion, New York plant.

Remington Arms Co. Reaches Settlement in Class-Action Lawsuit over Trigger Mechanism on Remington Rifles

Remington Arms Co. has reached a settlement in a lawsuit claiming a hunting rifle has a defective trigger mechanism that can cause injury and death. Remington Arms Co. was sued over its Model 700 bolt-action hunting rifle. The nationwide class-action case was settled on July 2. A federal judge in Kansas City, Missouri, gave both sides until Oct. 30 to reach a formal agreement. The lawsuit claimed that Model 700 rifles can fire without a trigger pull. It sought a court order requiring recall, and for the company to cover the losses of gun owners who claim the faulty trigger assemblies make their rifles worthless.

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