Sturm, Ruger & Co.

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Sturm, Ruger & Company, Inc.
Public
Traded as NYSERGR
S&P 600 Component
Industry Firearms
Founded 1949; 69 years ago (1949)
Founder William B. Ruger and Alexander McCormick Sturm
Headquarters Southport, Connecticut, United States
Area served
Worldwide
Key people
Christopher J. Killoy (CEO)[1]
Products Revolvers, Pistols, Rifles, Shotguns
Revenue $664 million[2] (2016)
$88 million[2] (2016)
Number of employees
2,120[3] (2016)
Website www.ruger.com

Sturm, Ruger & Co., Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut with production facilities also in Newport, New Hampshire; Mayodan, North Carolina and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.

Ruger produces bolt-action, semi-automatic, and single-shot rifles, shotguns, semi-automatic pistols, and single- and double-action revolvers.[4] According to the ATF statistics for 2015,[5] Ruger is currently America's largest firearm manufacturer,[6] as well as the second largest pistol/revolver manufacturer (behind Smith & Wesson) and rifle manufacturer (behind Remington) in the United States.

History[edit]

Ruger's MK II 22/45 target pistol.

Sturm, Ruger & Company was founded by William B. Ruger and Alexander McCormick Sturm in 1949 in a small rented machine shop in Southport, Connecticut.[7]

Just prior to their partnership, Bill Ruger had successfully duplicated two Japanese "baby" Nambu pistols in his garage, from a captured Nambu that he acquired from a returning Marine, at the close of World War II. When it came to designing their first semi-auto pistol, Ruger decided to incorporate the looks of the German 9mm Luger and the American Colt Woodsman into their first commercially produced .22 caliber pistol (see Ruger Standard), which became so successful that it launched the entire company.[7]

Ruger is a dominant manufacturer in the .22 LR rimfire rifle market in the U.S., due primarily to the sales of its Ruger 10/22 semiautomatic rifle.[8] The 10/22 is very popular due to being relatively inexpensive and of good quality.[9] As a result, a wealth of after-market accessories and parts were made available for it, which has further increased its popularity.[8] The availability and variety of after-market parts makes it possible to build a 10/22 using only these parts; most of which are marketed to target shooters and hunters.[citation needed]

Ruger similarly dominates the .22 rimfire semi-automatic pistol market with the Ruger MK II and Ruger MK III, descendants of the Ruger Standard pistol. Like the 10/22, the MkII is supported with a wide variety of after-market accessories. The 22/45 is similar to the Ruger Standard family of pistols but features a different grip angle, that of the Colt 1911 (as opposed to that of a Luger utilized in the Ruger Standard).[10]

Ruger Casting has plants in Newport, New Hampshire and Prescott, Arizona, making ferrous, ductile iron and commercial titanium castings. Ruger Golf makes steel and titanium castings for golf clubs made by a number of different brands.[11]

Sturm, Ruger stock has been publicly traded since 1969, and became a New York Stock Exchange company in 1990 (NYSE:RGR). After Alex Sturm’s death in 1951, William B. Ruger continued to direct the company until his death in 2002.

From 1949 through 2004, Ruger manufactured over 20 million firearms. The company is headquartered in Southport, Connecticut, and maintains manufacturing facilities in Newport, New Hampshire, Prescott, Arizona, and Mayodan, North Carolina. Ruger's subsidiaries are Ruger Precision Metals LLC in Earth City, Missouri, Pine Tree Castings in Newport, New Hampshire, and Ruger Sportswear & Accessories in Mayodan, North Carolina.[12]

Ruger conducted the Million Gun Challenge, in which Ruger donated one dollar to the National Rifle Association's (NRA) lobbyist, the Institute for Legislative Action (NRA-ILA) for each new Ruger firearm sold in one year, May 2011 to May 2012, and raised $1.25 million for the NRA-ILA.[13][14][15][16] Ruger conducted the 2 Million Gun Challenge, in which Ruger donated two dollars to the NRA-ILA for each new Ruger firearm sold between the 2015 and 2016 NRA annual meetings, which was extended to a $2.5 million challenge, and raised $4 million for the NRA-ILA. Ruger conducted a $5 Million Match Campaign between August 1 and October 31, 2016 to benefit the NRA-ILA.[17][18][19][20]

In December 2012 Ruger was among firearms manufacturers and others who successfully opposed a high-capacity magazine ban in Connecticut originally proposed after the 2011 Tucson shooting in Arizona in which the perpetrator used a 33-round high capacity magazine in a Glock 19 semiautomatic pistol to kill six and injured Arizona Representative Gabrielle Giffords. Ruger's president and chief executive officer testified before the Judiciary Committee of the Connecticut state House of Representatives that high-capacity magazines are needed for self-defense.[21][22]

The Northwest Coalition for Responsible Investment, a coalition of religious communities and health care systems directed by Sister Judith Byron, a nun with the Adrian Dominican Sisters, introduced stockholder resolutions asking Ruger, firearms manufacturer American Outdoor Brands Corporation, and retailer Dick's Sporting Goods to report to investors regarding the steps they are taking to reduce gun violence. Ruger opposed the resolution. BlackRock, the world's largest asset manager and Ruger's largest investor, and Institutional Shareholder Services and Glass Lewis, the two most important shareholder advisory firms in the United States. supported the resolution. At Ruger's annual meeting on May 9, 2018 a majority of shareholders voted in favor and Ruger said they would heed the resolution. The Brady Campaign to Prevent Gun Violence called the vote a "first-of-its-kind victory."[23][24][25][26][27][28]

Statistics[edit]

Of the total 2,288 makers of civilian firearms operating in the United States from 1986 to 2010, Ruger led the industry with 15.3 million firearms produced within the period.[29] Ruger was ranked the number one U.S. firearms manufacturer from 2008 to 2011. In 2011, Ruger manufactured 1,114,687 firearms, as their promotion, the "Million Gun Challenge to Benefit the NRA", played a significant role in the company maintaining its top U.S. manufacturer status.[30] The company has set a new goal of 2 million firearms produced per year.[31] From 2009 to 2012, Ruger was the top-seller of handguns.[32] Ruger had record sales in 2013.[33][34] By October 2015, Ruger's stock price gained almost 70% over 2014.[34] Between 2007 and 2016, Ruger sold more firearms in the United States than any other firearms manufacturer.[35]

Products[edit]

Ruger breaks down its products into nine categories: bolt-action rifles, single-shot rifles, autoloading rifles, lever-action rifles, shotguns, centerfire pistols, rimfire pistols, double-action revolvers, and single-action revolvers.[2]

Rifles[edit]

Bolt-action rifles[edit]

Ruger M77 Mark II Stainless Bolt Action in .204

Autoloading rifles[edit]

Ruger 10/22 "Stainless" With an aftermarket Butler Creek Folding Stock and a TRUGLO Red Dot Sight

Other rifles and shotguns[edit]

Handguns[edit]

Centerfire pistols[edit]

Ruger P89

Rimfire pistols[edit]

Ruger MK1

Double-action revolvers[edit]

The first variation of the Ruger LCR .38 Special with laser grips

Single-action revolvers[edit]

Stainless New Model Super Blackhawk and Redhawk

See also[edit]

Bibliography[edit]

  • Wilson, R. L. (1996). Ruger & His Guns: A History of the Man, the Company and Their Firearms. ISBN 0-7858-2103-1. 

References[edit]

  1. ^ Ruger. "Ruger Board of Directors - Christopher J. Killoy". Retrieved May 11, 2017. 
  2. ^ a b c "Corporate Report" (PDF). February 22, 2017. [dead link]
  3. ^ "Corporate Report" (PDF). February 22, 2017. [dead link]
  4. ^ "BATFE Annual Firearms Manufacturing And Export Report". 2006. 
  5. ^ BATFE Annual Firearms Manufacturing And Export Report 2015
  6. ^ Duprey, Rich. "Can You Guess the Biggest Gunmaker in the U.S.?". Fool.com. Retrieved 12 July 2018. 
  7. ^ a b Wilson 1996, p. 47.
  8. ^ a b House, James E. (6 July 2006). Customize the Ruger 10/22. Iola, Wisconsin: F+W Media. pp. 6–12. ISBN 978-1-4402-2413-3. 
  9. ^ Garrison, Kerry (14 March 2014). Getting to know the Ruger 10/22: Everything you need to know to shoot, clean, maintain, and modify your Ruger 10/22. Kerry Garrison. pp. 2–5. ISBN 978-0-9831639-3-0. 
  10. ^ Sweeney, Patrick (24 December 2007). The Gun Digest Book of Ruger Pistols and Revolvers. Iola, Wisconsin: Gun Digest Books. p. 18. ISBN 0-89689-472-X. 
  11. ^ Ph.D., Gregg Lee Carter (4 May 2012). Guns in American Society: An Encyclopedia of History, Politics, Culture, and the Law [3 volumes]. ABC-CLIO. p. 930. ISBN 978-0-313-38671-8. 
  12. ^ "Directory". Ruger.com. Retrieved 12 July 2018. 
  13. ^ Kiely, Eugene (January 15, 2013). "Do Assault Weapons Sales Pay NRA Salaries?". FactCheck.org. Annenberg Public Policy Center. Retrieved June 3, 2018. 
  14. ^ "Sturm, Ruger & Company Raises Over $1.2 million to Benefit the NRA Institute for Legislative Action" (Press release). National Rifle Association Institute for Legislative Action. April 25, 2012. Retrieved June 3, 2018. 
  15. ^ Miniter, Frank. "The Gun Industry Says It Has Grown 158% Since Obama Took Office". Forbes. Retrieved June 2, 2018. 
  16. ^ Yamin-Garone, Mary (April 28, 2015). "Facts about Ruger: History, Locations and Information". Newsmax. Retrieved June 3, 2018. 
  17. ^ Marcotte, Amanda (February 28, 2017). "The NRA's new gun-sales pitch: America is a war zone and the "violent left" is coming for you". Salon. Retrieved June 2, 2018. 
  18. ^ "Ruger Launches the "2 Million Gun Challenge" to Benefit the NRA" (Press release). Sturm, Ruger & Co. June 1, 2015. Retrieved June 2, 2018. 
  19. ^ Smith, Aaron (August 11, 2016). "Sturm, Ruger is donating millions to the NRA". CNN. Retrieved June 3, 2018. 
  20. ^ Dessem, Matthew (November 6, 2017). "Everything We Know About the Sutherland Springs Shooter". Slate. Retrieved June 3, 2018. 
  21. ^ Bender (December 17, 2012). "Connecticut's 30-Bullet Magazine Ban Failed After Pressurefirst=Michael C". Bloomberg News. Retrieved July 1, 2018. 
  22. ^ Bender, Michael C. (December 18, 2012). "Connecticut ban on 30-round gun magazines failed after pressure". The Independent. London. Bloomberg News. Retrieved July 1, 2018. 
  23. ^ Jay, Marley (March 30, 2018). "Nuns, funds and guns: the firearms debate on Wall Street". The Morning Call. Associated Press. Retrieved May 23, 2018. 
  24. ^ Loder, Asjylyn; Cameron, Doug (May 9, 2018). "Sturm, Ruger Shareholders Vote to Force Firm to Reveal More About Gun Violence Issues". The Wall Street Journal. Retrieved May 23, 2018. 
  25. ^ Cullen, Terence (May 10, 2018). "Activist investors led by a group of nuns force Ruger to report on gun violence". New York Daily News. Retrieved May 23, 2018. 
  26. ^ Chappell, Bill (May 10, 2018). "Sturm Ruger Will Track Gun Violence, After Shareholders Back 'Activist Resolution'". NPR. Retrieved May 23, 2018. 
  27. ^ Yablon, Alex (May 9, 2018). "Sturm Ruger Shareholders Just Forced America's Biggest Gunmaker to Report on the Risks of Gun Violence". The Trace. Retrieved May 23, 2018. 
  28. ^ Hsu, Tiffany (May 9, 2018). "Sturm Ruger Shareholders Adopt Measure Backed by Gun Safety Activists". The New York Times. Retrieved May 25, 2018. 
  29. ^ "Guns At A Glance: 40% of All Firearms Made in America Come From These 3 Companies". The Blaze. March 26, 2013. 
  30. ^ "US Firearms Industry Today". Shooting Industry. 2013. 
  31. ^ "The Ruger 2 Million Gun Challenge". Ruger.com. Retrieved 12 July 2018. 
  32. ^ "US Firearms Industry Today". Shooting Industry. 2012. 
  33. ^ Kasperkevic, Jana (October 5, 2015). "Gun stocks surge as Hillary Clinton and Barack Obama call for tougher laws". The Guardian. Retrieved June 1, 2018. Sturm, Ruger sales reached their record high in 2013. 
  34. ^ a b Long, Heather (October 5, 2015). "Gun stocks surge 70% in 2015 alone". CNN. Retrieved June 1, 2018. Sales hit a record for Smith & Wesson in 2014 and for Sturm Ruger in 2013...Rival gunmaker Sturm Ruger (RGR) isn't far behind. It's up nearly 70% in 2015 alone. 
  35. ^ Harkinson, Josh (June 14, 2016). "Fully Loaded: Inside the Shadowy World of America's 10 Biggest Gunmakers". Mother Jones. Retrieved May 31, 2018. 
  36. ^ Gallery of Guns - Shooting Times - Gun Reviews Archived 2007-09-27 at the Wayback Machine.

External links[edit]