Corporations: Colt's New Rifle

The gun that blazed the trails of the Western frontier was the famous six-shooter made by Colt's Patent Firearms Mfg. Co. One hundred and twenty-seven years after its founding, Colt is still capable of kicking up dust. After a lengthy dispute within the Pentagon over whether to adopt a new rifle, the Defense Department earlier this month granted Colt, still the nation's largest maker of pistols and revolvers, a $13.3 million order to turn out an ingenious Colt rifle that has already proved its worth on a new frontier: the jungles of...

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