Eliphalet Remington Guns, Gadgets Hit The Bull’s-Eye

by Sonja Carberry, Investor's Business Daily  |  published on November 22, 2012

Gun maker Eliphalet Remington’s aim was true.

His factory, which would eventually turn out everything from revolvers to typewriters, could have been a one-shot deal.

But Remington kept diversification in the cross hairs — making what people needed, when they needed it.

Today, Remington Arms remains the oldest U.S. firm manufacturing its original product, and one of America’s largest producers of shotguns and rifles. The company, bought by Cerberus Capital Management in 2007, won an Army contract this year to make M4A1 carbines for potentially $180 million.

The firm’s genesis was in 1816, when Remington blasted onto the scene with a gun barrel that promised accuracy. By the 1850s, E. Remington & Sons was selling 10,000 barrels and thousands of firearms, and he pulled that off by adjusting.

When military demand cooled following the Mexican-American War’s end in 1848, Remington (1793-1861) was already targeting the burgeoning civilian market.

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