Colt Defense, LLC is apparently having trouble paying off its loans. BusinessWeek reports: Colt Defense LLC is seeking capital to stave off an “expected default” next month as gunmakers suffer from lower defense spending and as consumers purchase fewer firearms. The 178-year-old weapons maker said it’s “probable” it won’t comply with a loan agreement by […] Read More …
The post Colt Defense In Danger of Default appeared first on The Firearm Blog. …read more
0 Comments