Smith & Wesson Holding Corp (NASDAQ:SWHC)
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The Company manufactures pistols, revolvers, tactical rifles, hunting rifles, black powder firearms, handcuffs, and firearm-related products and accessories for sale to a variety of customers, in the United States and throughout the world.
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Most U.S. police departments went to off-shore manufacturers when no U.S. manufacturers of polymer framed pistols. S&W finally came out with some that have been well-received, winning most contracts they bid on. Firearms have a long replacement cycle, especially during budget cuts. More and more police will be putting contracts out to bid out of necessity. The end of the recession would be a bonus -- and the big prize is military contracts.