NASHVILLE, Tenn., February 17, 2010 – Sabre Defence Industries LLC, an established manufacturer of firearms and weapon systems to the United States military, state and local law enforcement, and worldwide commercial markets, is fully cooperating with federal agents in an ongoing investigation into potential criminal misuse of certain non-saleable firearms produced by Sabre and purchased by some its employees. Sabre has received information that employee(s) involved in inventory control may have obtained and re-sold some items without appropriate licenses. Sabre is and has been cooperating with federal agents in this investigation.
Sabre has more than 120 employees in its Nashville plant. Sabre’s biggest customer is the United States military. Sabre products used by United States armed forces in Iraq and Afghanistan include .50 caliber barrels and components of the M2 Browning machine gun, 7.62 mm mini-gun barrels, and M-16A3 and A4 rifles. Sabre is the only non-public company in the world ever to be awarded a contract for a military spec M-16 rifle. Sabre is dedicated to continuing to provide high quality firearms to the United States military, state and local law enforcement, and Sabre's commercial customers.The Sabre raid comes just after Cavalry Arms, after months and months of fighting an ATF raid, announced they were getting out of the firearms business:
As you may be aware, we have been engaged in an ongoing dispute with the ATF for the past two years. While Cavalry Arms has at all times tried its best to run a lawful and honest shop, unfortunately, some regulatory compliance mistakes were made. We have now come to the point where we feel it is in our best interest to close our FFL and to cease all firearms operations. The owner of Cavalry Arms, Shawn Nealon, has elected to leave the firearms business and concentrate on firearms accessories instead. We are currently in negotiations with another company for that company to purchase the CAV-15 product line. Rest assured that any resulting purchase agreement will address the issue of providing service and support with regard to existing CAV-15 firearm products. We will continue to manufacture quality plastic components, grow our Medical products line, and work to bring new innovations to the relevant markets. Over the next several weeks we will be conducting a wind-down of our firearms manufacturing and FFL operations. Accordingly, please do not send us any firearms for repair or replacement. Instead, such issues should be addressed to the ultimate purchaser of our assets. Due to our limited personnel resources, during this transition/operation wind-down period, the final processing and shipping of firearm receivers already in our inventory will be our first priority.
We deeply appreciate your patience and understanding and anticipate that the relevant asset purchaser will begin operations in March of 2010. We sincerely thank you for your prior and ongoing support during these troubled times and look forward to better years ahead.Finally, I made the mistake of listening to Bill O'Reilly this afternoon...what an ass...