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Assault Weapons Makers Pulled In Over $1 Billion as Violence Surged, Report Says

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The report showed that, because the country has struggled to address an epidemic of gun violence that has plagued schools, churches, supermarkets, live shows and shopping malls, firearms manufacturers have been having fun with ballooning proceeds from the sale of the weapons used to perform mass shootings.

Daniel Defense’s revenue from AR-15-style rifles tripled from 2019 to 2021, to over $120 million from $40 million, the report said. Daniel Defense manufactured the AR-15-style rifle that was utilized by the 18-year-old gunman in Uvalde.

Ruger, the country’s largest maker of rifles, reported that its gross earnings from AR-15-style rifles also nearly tripled from 2019 to 2021, increasing to over $103 million from $39 million. The corporate’s AR-15-style rifle and pistols were utilized by mass shooters in Sutherland Springs, Texas, in 2017 and Boulder, Colo., in 2021.

Smith & Wesson’s revenue from all long guns, which include AR-15-style rifles, greater than doubled between 2019 and 2021, to $253 million from $108 million. The corporate sold the weapon utilized in the July 4 massacre in Highland Park, In poor health., in addition to the Parkland school shooting in Florida in 2018.

Sig Sauer, the corporate that sold the AR-15-style rifle utilized in a mass shooting in 2016 on the Pulse nightclub in Orlando, Fla., and three of the weapons utilized by the gunman in Las Vegas in 2017, refused to reveal its revenue.

And Bushmaster, which made the weapon utilized in the Sandy Hook Elementary School shooting in Newtown, Conn., in 2012, said it had no financial data from previous years since it was recently purchased by a recent company.

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