page_title: Remington Arms
section_title: 20th century
hierarchical_section_title: Remington Arms / History / 20th century
caption_attribution_description: Source:http://en.wikipedia.org/wiki/Image:Remington_pederson_51.jpg Author: irts uploaded to the English wiki under the same name by Adams10
context_page_description: Remington Arms Company, LLC is a manufacturer of firearms and ammunition in the United States. It was founded in 1816 by Eliphalet Remington in Ilion, New York, as E. Remington and Sons. Remington is the oldest gun maker in the US and is claimed to be the oldest factory in the US that still makes its original product.
  Remington is the largest US producer of shotguns and rifles. The company has developed or adopted more cartridges than any other gun maker or ammunition manufacturer in the world.
  Until 2015, Remington Arms was part of the Freedom Group, which is owned by Cerberus Capital Management. In 2014, a new plant was built in Huntsville, Alabama to produce AR-15 style semi-automatic rifles and Remington 1911 R1 pistols. In 2015, the Freedom Group was renamed as Remington Outdoor Company. Remington filed for Chapter 11 bankruptcy protection, in March 2018, having accumulated over $950 million in debt. Remington exited bankruptcy in May 2018, less than two months after filing for protection under Ch. 11 laws. Remington's quick exit from bankruptcy was due to a pre-approved restructuring plan that was supported by 97% of its creditors.
context_section_description: In 1912, Remington and Union Metallic Cartridge Company were combined into a single entity, called Remington UMC. In the early 21st century, Remington still produces U.M.C. brand ammunition. In 1915, the plant at Ilion was expanded, and with this expansion became basically the same plant as today.
  During the early years of World War I, Remington produced arms under contract for several Allied powers. Remington produced M1907-15 Berthier rifles for France, Pattern 1914 Enfield rifles for Britain, and Model 1891 Mosin–Nagant rifles for Imperial Russia. As the war intensified, Remington production rose to meet demand.
  When the US entered the war, Remington became deeply involved in the war effort. Remington developed and produced the US M1917 Enfield rifle, a simplified version of the British Pattern 1914, and development of the Pedersen device.
  Late in the war, the collapse of the Imperial Russian government had a severe effect on Remington finances. Russia had ordered large quantities of arms and ammunition, but ran short of money to pay for the orders. They delayed payment, arguing there were alleged defects in Remington products. When the Bolsheviks took power in the Russian Revolution, they repudiated the contract entirely.
  Remington was left with huge stocks of guns and ammunition, and no prospects for payment. The US government stepped up to purchase the firearms, thereby preventing Remington from absolute loss. Remington made the conscious decision to promote and emphasize their line of civilian products. They viewed hunting products as a more stable business which might help them to survive future ups and downs generated by war demands.
  During the Great Depression, Remington was purchased by the DuPont Corporation, which had made its fortune with improvements to gunpowder. A year later, Remington purchased the Peters Cartridge Company; today, many of the Remington headstamps still have "R-P" on them for Remington-Peters.
  In 1940, the US Army became worried about its ammunition capacity and asked Remington to collaborate on a plan for national expansion. With the aid of DuPont, Remington built the Lake City Army Ammunition Plant (originally named Lake City Arsenal) and Denver Ordnance ammunition plants, and three more plants later on, including the Lowell Ordnance Plant. Though the plants belonged to the US government, Remington was asked to oversee their operation. Among the weapons Remington manufactured for the government during World War II was the famous M1903A3 Springfield bolt-action rifle.
  During the 1950s and 1960s, Remington branched out into other products besides guns, with the purchase of Mall Tool Company in 1956. One of the products was chain saws.
  In 1962 Remington introduced the Model 700 bolt-action rifle. The rifle became one of Remington's most successful firearms, and quickly lent itself to developments of many sub-variants, including the Remington 700 BDL, Remington 700PSS for police and law enforcement agencies (the rifle, later renamed 700P, is very popular among law enforcement agencies) and the military M24 SWS, which was the United States Army standard sniper rifle between 1988–2010. It is still used by other armed forces around the world, such as the IDF. Other firearms companies designed and manufactured sniper rifles based on the reliable and accurate Remington Model 700 action.
  In 1986, Remington closed its ammunition plant in Bridgeport, Connecticut, transferring operations to a new facility in Lonoke, Arkansas. This site was chosen as the geographic center of the sporting ammunition market. A year later, Remington built a new clay targets plant in Athens, Georgia. According to an article in The New York Times, in 1993, Remington's parent company—Pont de Nemours & Company (DuPont)—sold Remington to the New York investment firm Clayton, Dubilier & Rice (CD&R) for $300 million. The Times, citing the National Sporting Goods Manufacturers Association said that "rifle and shotgun sales totaled $900 million" in 1992. Citing the National Shooting Sports Foundation president, the article said
caption: Remington-Pedersen 51
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