DPMS Panther Arms
|Headquarters||St. Cloud, Minnesota, United States|
DPMS (Defense Procurement Manufacturing Services) Panther Arms manufactures a wide range of military and civilian rifles in St. Cloud, Minnesota. The rifles are chambered for the .223 Remington, 5.56×45mm NATO, .308 Winchester, .260 Remington, .300 Remington SA Ultra Mag, 6.8mm Remington SPC, and .204 Ruger cartridges, among others. The company also manufactures several unorthodox rifles based on the AR-15 design, including pump-action and single-shot models, and also licenses the M16A1 Spring Airsoft Rifle produced by Soft Air.
The company attracted attention within the firearms industry with its version of the AR-10, the Panther LR-308, earning the NRA Publication's magazine Shooting Illustrated 2005 Golden Bullseye Award for Rifle of the Year. In 2006 the "Panther LR-308AP4" earned the NRA Publication's magazine American Rifleman Golden Bullseye Award for Rifle of the Year. In 2008, DPMS introduced the LR-338 chambered in the .338 Federal cartridge.
DPMS Panther Arms was acquired by the private investment firm Cerberus Capital Management as of December 14, 2007. Cerberus combined DPMS with Bushmaster Firearms International, Remington Arms and Cobb Manufacturing to form the Freedom Group. As of December 20, 2012 Cerberus announced they are selling their Freedom Group brands, including DPMS, based on pressure from a prominent investor.
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