June 25, 2017 6:53 AM ET

Aerospace and Defense

Company Overview of Colt Defense LLC

Company Overview

Colt Defense LLC researches, develops, manufactures, and sells firearms for military, personal defense, and recreational purposes in the United States and internationally. Its products include handguns, such as pistols and revolvers; and long guns and regulated offerings comprising military and law enforcement products, and commercial rifles and carbines. The company provides M4 carbine and M16 rifle products, including M4 commandos, C8 carbines, C8SFW, C7 rifles, infantry automatic rifles, sub-compact weapons, and the 9mm submachine guns, as well as precision bolt action rifles and grenade launchers. It also produces and provides spare parts and accessories to repair, replace, and upgrade f...

547 New Park Avenue

West Hartford, CT 06110

United States

811 Employees





Key Executives for Colt Defense LLC

Chief Executive Officer and President
Age: 69
Chief Financial Officer and Senior Vice President of Finance
Age: 50
Senior Vice President and General Counsel
Senior Vice President of Commercial Programs
Senior Vice President of Government & Military Programs
Compensation as of Fiscal Year 2016.

Colt Defense LLC Key Developments

Colt Defense LLC Wins $7,454,142.40 and $7,453,690 Federal Contract

Colt Defense LLC won a $7,454,142.40 federal contract from the U.S. Army Contracting Command for guns up to 30mm. The company also won a $7,453,690 federal contract modification by the U.S. Army Contracting Command for the supply of 8,730 M4/M4A1 rifles under the foreign military sales for Bahrain, Georgia, Iraq, Lebanon, Pakistan and Slovakia.

Colt Defense LLC Wins a $1.16 Million Federal Contracts

Colt Defense LLC won a $1,162,888.32 federal contract from the U.S. Army Contracting Command for guns up to 30mm.

Modified Second Amended Reorganization Plan Approved for Colt Holding Company LLC

The US Bankruptcy Court approved the modified second amended plan of reorganization of Colt Holding Company LLC on January 12, 2015. As per the approved plan, administrative expense claims of $27 million, priority tax claims of $0.30 million, priority non-tax claims, professional fees of $10.6 million shall be paid in full in cash. DIP facility claims of $41.67 million shall be paid $40 million from the proceeds of senior loan exit facility and dip facility claims of $33.33 will be converted to claims and obligations in accordance with the terms of the term loan exit term sheet. Term Loan claims of $68.9 million shall be satisfied in full in cash. Other secured claims of $0.03 million shall either be reinstated or shall be paid in full in cash. Senior Notes Claims of participating Holders of $160.4 million shall receive an estimated recovery between 4% and 15% through pro rata share of the New Class B LLC Units and senior notes claims of nonparticipating holders of $102.3 shall receive 9% cash payment on their allowed senior notes claims. Unsecured senior note claims shall receive its pro rata share of the new Class B LLC units. Qualified unsecured trade claims of $1.5 million shall receive payment in full in cash. General unsecured claims of $4.7 million shall receive a note in exchange for the full and complete settlement and have a recovery of 9%. Intercompany claims shall either be reinstated or cancelled. Intercompany claims shall be reinstated and while the equity interests in parent shall be cancelled. The plan shall be funded from debtor’s cash in hand, cash from operations, senior loan exit facility, third lien exit facility, term loan exit facility and issuance of new Class B LLC units and New Class A LLC units.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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