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Remington Arms Company, LLC was founded in the 20th century.
Answer: False
Remington Arms Company was founded in 1816, not the 20th century.
The modern Remington firearms plant continues to operate at the original site established in Ilion, New York.
Answer: True
The company's operations have remained at the Ilion, New York site since its establishment.
Eliphalet Remington II was motivated to start gunsmithing by a desire to create a firearm superior to existing market options.
Answer: True
Eliphalet Remington II's primary motivation was his belief that he could construct a superior firearm compared to those readily available for purchase.
E. Remington & Sons was sold to Marcellus Hartley and Partners in 1888, leading to its renaming as Remington Arms Company.
Answer: True
In 1888, E. Remington & Sons was sold to Marcellus Hartley and Partners, and subsequently renamed Remington Arms Company.
Marcellus Hartley and Partners also owned the Colt's Manufacturing Company when they acquired E. Remington & Sons.
Answer: False
Marcellus Hartley and Partners acquired E. Remington & Sons in 1888. At that time, they also owned the Union Metallic Cartridge Company and the Winchester Repeating Arms Company, but not the Colt's Manufacturing Company.
The Remington New Model Army Revolver was manufactured between 1863 and 1875.
Answer: True
The Remington New Model Army Revolver was produced by the company during the period of 1863 to 1875.
What year was Remington Arms founded, and by whom?
Answer: 1816 by Eliphalet Remington
Remington Arms was founded in 1816 by Eliphalet Remington.
Where was the original Remington firearms plant located, and is that site still in use?
Answer: Ilion, New York; the modern plant still utilizes this site.
The original operations were established in Ilion, New York, and the modern Remington firearms plant continues to operate at this site.
What was the primary motivation for Eliphalet Remington II to begin his gunsmithing endeavors?
Answer: To create a superior firearm compared to those available for purchase.
Eliphalet Remington II's primary motivation for commencing his gunsmithing endeavors was his conviction that he could construct a superior firearm compared to those available on the market.
When did E. Remington & Sons undergo a significant ownership change, leading to its renaming as Remington Arms Company?
Answer: 1888
In 1888, E. Remington & Sons was sold to Marcellus Hartley and Partners, leading to its renaming as Remington Arms Company.
Which of the following companies was NOT owned by Marcellus Hartley and Partners when they acquired E. Remington & Sons?
Answer: Colt's Manufacturing Company
Marcellus Hartley and Partners owned the Union Metallic Cartridge Company and the Winchester Repeating Arms Company when they acquired E. Remington & Sons, but not Colt's Manufacturing Company.
Remington Arms claimed to be the oldest company in the United States that still produced its original product.
Answer: True
Remington Arms asserted a claim as the oldest company in the U.S. continuously producing its original product.
From 2007 to 2020, Remington Arms was owned by Cerberus Capital Management.
Answer: False
Cerberus Capital Management acquired Remington Arms in 2007, and it was owned by Remington Outdoor Company (a successor entity) until its bankruptcy in 2020.
Remington became heavily involved in manufacturing guns and ammunition during World War II.
Answer: False
Remington became heavily involved in manufacturing guns and ammunition during World War I, not World War II.
DuPont acquired Remington during the Civil War, leveraging its expertise in gunpowder.
Answer: False
DuPont acquired Remington during the Great Depression, not the Civil War, leveraging its expertise in gunpowder.
Shortly after being purchased by DuPont, Remington acquired the Winchester Repeating Arms Company.
Answer: False
A year after the DuPont acquisition, Remington purchased the Peters Cartridge Company, not Winchester Repeating Arms Company.
The "R-P" marking on Remington headstamps signifies "Remington-Peters" due to the acquisition of the Peters Cartridge Company.
Answer: True
The 'R-P' marking commonly found on Remington headstamps denotes 'Remington-Peters,' a designation that arose from the company's acquisition of the Peters Cartridge Company.
During World War II, Remington manufactured the M1 Garand rifle for the government.
Answer: False
During World War II, Remington Arms manufactured the M1903A3 Springfield bolt-action rifle for the U.S. government, not the M1 Garand.
Remington closed its Bridgeport, Connecticut, ammunition plant in 1986, transferring operations to Lonoke, Arkansas.
Answer: True
In 1986, Remington ceased operations at its Bridgeport, Connecticut, ammunition plant and transferred all associated operations to its facility in Lonoke, Arkansas.
In June 2007, Cerberus Capital Management acquired Remington Arms for $370 million, including $252 million in assumed debt.
Answer: True
Cerberus Capital Management completed the acquisition of Remington Arms in June 2007 for a total of $370 million, which encompassed $252 million in assumed debt.
The Freedom Group was renamed Remington Outdoor Company in 2015.
Answer: True
The holding company known as the Freedom Group was rebranded as Remington Outdoor Company in 2015.
In December 2007, Remington Arms acquired Colt's Manufacturing Company.
Answer: False
In December 2007, Remington Arms acquired Marlin Firearms, not Colt's Manufacturing Company.
Who acquired Remington Arms in June 2007?
Answer: Cerberus Capital Management
Cerberus Capital Management acquired Remington Arms in June 2007.
Remington became heavily involved in manufacturing guns and ammunition during which major global conflict?
Answer: World War I
Remington became significantly involved in manufacturing guns and ammunition during World War I.
Which company acquired Remington during the Great Depression, leveraging its expertise in gunpowder?
Answer: DuPont
DuPont acquired Remington during the Great Depression, capitalizing on its expertise in gunpowder.
What was the significance of the "R-P" marking commonly found on Remington headstamps?
Answer: It denoted "Remington-Peters" due to the acquisition of the Peters Cartridge Company.
The 'R-P' marking on Remington headstamps signifies 'Remington-Peters,' a designation that arose from the company's acquisition of the Peters Cartridge Company.
During World War II, what specific rifle did Remington manufacture for the U.S. government?
Answer: M1903A3 Springfield
During World War II, Remington manufactured the M1903A3 Springfield bolt-action rifle for the U.S. government.
When did Remington close its Bridgeport, Connecticut, ammunition plant?
Answer: 1986
Remington closed its Bridgeport, Connecticut, ammunition plant in 1986.
What was the financial value of the acquisition of Remington Arms by Cerberus Capital Management in June 2007?
Answer: $370 million
The acquisition of Remington Arms by Cerberus Capital Management in June 2007 had a financial value of $370 million.
Remington Arms developed fewer firearm cartridges than any other gun maker globally.
Answer: False
Remington Arms developed or adopted more firearm cartridges than any other gun maker or ammunition manufacturer worldwide.
In the 1950s and 1960s, Remington expanded its product lines to include items like chain saws.
Answer: True
During the 1950s and 1960s, Remington diversified its product offerings, notably acquiring the Mall Tool Company and producing items such as chain saws.
The Remington Model 700 bolt-action rifle, introduced in 1962, became one of the company's least successful firearms.
Answer: False
The Remington Model 700 bolt-action rifle, introduced in 1962, became one of the company's most successful firearms.
The M24 SWS, based on the Remington Model 700, was the United States Army's standard sniper rifle from 1988 to 2010.
Answer: True
The M24 SWS (Sniper Weapon System), utilizing the Remington Model 700 action, served as the U.S. Army's standard sniper rifle from 1988 to 2010.
The Israel Defense Forces (IDF) are noted as one of the armed forces that continue to use the M24 SWS sniper rifle.
Answer: True
The Israel Defense Forces (IDF) are mentioned as one of the armed forces that continue to utilize the M24 SWS sniper rifle.
The Remington Versa Max shotgun features a system that only adjusts gas pressure for standard shells.
Answer: False
The Remington Versa Max shotgun features a patented 'Versa Port' system that automatically adjusts gas pressure for various shell lengths, not just standard shells.
What unique claim did Remington make regarding its contribution to firearm cartridges?
Answer: It developed or adopted more cartridges than any other gun maker or ammunition manufacturer globally.
A unique claim made about Remington's contribution to firearm cartridges is that it developed or adopted more such cartridges than any other gun maker or ammunition manufacturer globally.
The Remington Model 700 bolt-action rifle, introduced in 1962, became known for what characteristic?
Answer: It was one of the company's most successful firearms.
The Remington Model 700 bolt-action rifle, introduced in 1962, achieved significant success and became one of the company's most iconic firearms.
Which military sniper rifle, based on the Remington Model 700, was adopted by the U.S. Army?
Answer: M24 SWS
The M24 SWS (Sniper Weapon System), based on the Remington Model 700 action, was adopted by the U.S. Army as its standard sniper rifle.
What innovative feature is highlighted in the Remington Versa Max auto-loading shotgun?
Answer: A patented "Versa Port" system that adjusts gas pressure for various shell lengths.
The Remington Versa Max shotgun is highlighted for its innovative patented 'Versa Port' system, which adjusts gas pressure according to the cartridge length, ensuring reliable function with various shell lengths.
Which of the following is listed as a pump-action shotgun model produced by Remington?
Answer: Model 870
The Model 870 is listed as a pump-action shotgun model produced by Remington.
What are some of the rifle cartridges developed or adopted by Remington mentioned in the text?
Answer: .223 Remington, 7mm Remington Magnum, .300 Remington Ultra Magnum
The text mentions rifle cartridges such as .223 Remington, 7mm Remington Magnum, and .300 Remington Ultra Magnum as being developed or adopted by Remington.
According to 2015 ATF statistics, Remington was the largest handgun manufacturer in North America.
Answer: False
2015 ATF statistics indicated Remington was the largest rifle manufacturer in North America, not the largest handgun manufacturer.
Remington Arms was headquartered in Ilion, New York.
Answer: False
Remington Arms Company, LLC was headquartered in Madison, North Carolina.
In 2004, Remington Arms reported a revenue of approximately $1 billion.
Answer: False
In 2004, Remington Arms reported a revenue of US$950 million.
The Lonoke, Arkansas plant, established in 1969, initially produced only rimfire ammunition.
Answer: False
The Lonoke, Arkansas plant, established in 1969, initially produced centerfire ammunition and later expanded its operations to include shotshell and rimfire ammunition.
In 1993, The New York Times reported a decline in handgun sales and a rise in hunting interest.
Answer: False
In 1993, The New York Times reported a decline in hunting interest and a rise in handgun sales, identifying the latter as the fastest-growing segment of the market.
During 2003-2005, Remington was profitable and debt-free.
Answer: False
During the period spanning 2003 to 2005, Remington was reportedly encumbered by millions of dollars in debt and did not achieve profitability.
According to 2015 ATF statistics, what was Remington's position as a rifle manufacturer in North America?
Answer: The largest rifle manufacturer.
2015 ATF statistics identified Remington as the largest rifle manufacturer in North America.
What was Remington Arms' headquarters location?
Answer: Madison, North Carolina
Remington Arms Company, LLC was headquartered in Madison, North Carolina.
What was Remington's revenue in 2004?
Answer: $950 million
In 2004, Remington Arms reported a revenue of US$950 million.
What industry trend did The New York Times report in 1993 concerning the firearms market?
Answer: Interest in hunting had declined, while handgun sales were the fastest-growing segment.
The New York Times reported in 1993 that interest in hunting had declined since 1986, while handgun sales emerged as the fastest-growing segment of the firearms industry.
What national authority control databases are referenced for Remington Arms?
Answer: Library of Congress and National Library of the Czech Republic
The Library of Congress (United States) and the National Library of the Czech Republic are referenced as national authority control databases for Remington Arms.
Remington Arms Company, LLC went bankrupt and sold its business lines in 2019.
Answer: False
Remington Arms Company, LLC filed for bankruptcy in March 2018 and later again in July 2020; it did not sell its business lines in 2019.
Remington's CEO attributed high ammunition sales in 2009 to consumer confidence in future gun regulations.
Answer: False
Remington's CEO attributed high ammunition sales in 2009 to consumer concerns about potential future restrictions and taxes on firearms and ammunition.
Remington re-entered the handgun market in 2010 with the Model 1911 R1.
Answer: True
Remington marked its return to the handgun market in 2010 with the introduction of the Remington 1911 R1.
In 2012, Remington secured a contract with the U.S. Army to manufacture 24,000 M4A1 carbines.
Answer: True
Remington was awarded a contract in 2012 by the U.S. Army to produce 24,000 M4A1 carbines.
Remington began offering an air rifle again in 2013, naming it the "Remington Express."
Answer: True
In 2013, Remington reintroduced an air rifle to its product line, marketing it under the name 'Remington Express'.
Remington announced plans for a new plant in Huntsville, Alabama, partly as a response to the NY SAFE Act.
Answer: True
Remington's decision to plan a new facility in Huntsville, Alabama, was partly influenced by the NY SAFE Act and its associated restrictions.
Approximately 100 Remington jobs were shifted from Alabama to New York due to the new plant development.
Answer: False
Approximately 100 Remington jobs were relocated from New York to Alabama as a consequence of the new plant's development.
Remington began bankruptcy planning in late 2017 due to increased sales and a strong reputation.
Answer: False
Remington initiated bankruptcy planning in late 2017 due to declining sales, a damaged reputation, and significant debt.
Remington filed for bankruptcy in March 2018 and emerged from the process in less than two months.
Answer: True
Remington filed for bankruptcy in March 2018 and successfully exited the process by May 17, 2018, within two months.
The Sandy Hook families' lawsuit against Remington alleged wrongful marketing practices related to the Bushmaster rifle.
Answer: True
The lawsuit filed by Sandy Hook families against Remington centered on allegations of wrongful marketing practices concerning the Bushmaster rifle used in the incident.
The Connecticut Supreme Court dismissed the Sandy Hook lawsuit against Remington, citing PLCAA immunity.
Answer: False
The Connecticut Supreme Court ruled that the wrongful marketing claim could proceed, determining it was not preempted by the PLCAA.
The final settlement between the Sandy Hook families and Remington was $73 million, covered by the company's profits.
Answer: False
The final settlement between the Sandy Hook families and Remington was $73 million, with the cost borne by the company's insurers.
Remington filed for Chapter 11 bankruptcy protection for the first time on July 28, 2020.
Answer: False
Remington filed for Chapter 11 bankruptcy protection for the second time on July 28, 2020; its first filing was in March 2018.
When did Remington Arms Company, LLC go bankrupt and sell its business lines?
Answer: 2020
Remington Arms Company, LLC filed for bankruptcy and sold its business lines in 2020.
What factors contributed to high ammunition sales for Remington in 2009, according to its CEO?
Answer: Consumer concerns about potential future restrictions and taxes on firearms and ammunition.
According to Remington's CEO, consumer concerns regarding potential future restrictions and taxes on firearms and ammunition drove high ammunition sales in 2009.
Remington re-entered the handgun market in 2010 with which model?
Answer: 1911 R1
Remington reintroduced the 1911 R1 model in 2010, marking its return to the handgun market.
What were the stated reasons for Remington's decision to build a new production facility in Huntsville, Alabama, in 2014?
Answer: As a response to the NY SAFE Act and its restrictions on gun ownership.
The decision to build a new production facility in Huntsville, Alabama, announced in 2014, was partly attributed to the NY SAFE Act and its subsequent restrictions on gun ownership.
Approximately how many Remington jobs were shifted from New York to Alabama due to the new plant development?
Answer: 100
Approximately 100 Remington jobs were relocated from New York to Alabama as a consequence of the new plant's development.
What factors contributed to Remington initiating bankruptcy planning in late 2017?
Answer: Declining sales, a damaged reputation, and significant debt.
Initiation of bankruptcy planning in late 2017 was attributed to declining sales, a damaged reputation, and substantial debt.
Remington filed for bankruptcy in March 2018 and successfully exited the process by what date?
Answer: May 2018
Remington filed for bankruptcy in March 2018 and successfully exited the process by May 17, 2018, within a two-month period.
The Sandy Hook families' lawsuit against Remington alleged wrongful marketing practices related to which specific firearm?
Answer: Bushmaster rifle
The Sandy Hook families' lawsuit against Remington alleged wrongful marketing practices concerning the Bushmaster rifle.
What was the final settlement amount reached between the Sandy Hook families and Remington, and who covered the cost?
Answer: $73 million, covered by insurers.
The final settlement between the Sandy Hook families and Remington was $73 million, with the cost borne by the company's insurers.
Following the 2020 bankruptcy, the ammunition business is now known as Remington Firearms.
Answer: False
Following the 2020 bankruptcy, the ammunition business was acquired by The Kinetic Group and is known as Remington Ammunition, while the firearms business is RemArms, LLC.
Vista Outdoor purchased the Remington brand name and the Lonoke ammunition factory after the 2020 bankruptcy.
Answer: True
Vista Outdoor acquired the Remington brand name and the Lonoke ammunition factory following Remington's 2020 bankruptcy filing.
Sturm, Ruger & Co. purchased Marlin Firearms from Remington.
Answer: True
Sturm, Ruger & Co. acquired Marlin Firearms from Remington.
Which of the following companies now owns the Remington ammunition business?
Answer: The Kinetic Group
The Kinetic Group, part of the Czechoslovak Group, now owns the Remington ammunition business.
Which company acquired the Remington brand name and the Lonoke ammunition factory after the 2020 bankruptcy?
Answer: Vista Outdoor
Vista Outdoor acquired the Remington brand name and the Lonoke ammunition factory following the company's 2020 bankruptcy.
Who acquired the Remington firearms business (excluding Marlin Firearms) after the 2020 bankruptcy?
Answer: Roundhill Group, LLC
Roundhill Group, LLC acquired the Remington firearms business (excluding Marlin Firearms) after the 2020 bankruptcy.