Smith & Wesson Loses Army Bid

[Sedalia Dave]

Looks like S&W is out of the running for the next generation service pistol.

 

Smith & Wesson Loses Army Bid

 

 

Smith & Wesson (SWHC) will not make the U.S. Army’s next standard-issue sidearm.

 

 

The Army didn’t select Smith & Wesson and General Dynamics (GD), its partner in the project, as finalists in the competition to replace the Beretta M9, the Army’s current pistol.

The news, announced late Friday, sent Smith & Wesson shares tumbling. The stock fell as much as 7.8% to $25.41 on Monday morning.

 

[Boulder Canyon Bob# 32052L]

Time to buy stock in S&W.

[Cyrus Cassidy #45437]

Time to buy stock in S&W.

 

No freaking way. Do a price analysis of S&W shares, and you'll see they shouldn't be trading for any more than about $18.00 per share. Politics has inflated share prices over the past year or so, so at any moment they'll tumble some more.

[Birdgun Quail, SASS #63663]

 

No freaking way. Do a price analysis of S&W shares, and you'll see they shouldn't be trading for any more than about $18.00 per share. Politics has inflated share prices over the past year or so, so at any moment they'll tumble some more.

And how about it if Hillary wins?

[Boulder Canyon Bob# 32052L]

And how about it if Hillary wins?

Well since Obama's been in office it went from $2.87 to over $26. Not a bad investment.

http://www.nasdaq.com/symbol/swhc/historical

[guitar_slinger]

Personally, I think the military is wasting taxpayer dollars on a new pistol design. There are plenty of proven 'modern' pistols in the hands of military and police around the world today, why not use one of the off the shelf pistols.

 

Take Glock for instance. Millions of them in existence, parts are cheap and easy to find, they have proven reliable and can be bought by the taxpayers for less than half what the new designs are calling for. So they last 75% as long as a new spec, at half the cost we're still coming out ahead.

 

S&W's M&P line. Fine pistols. Off the shelf, the M&P 9 would be a terrific firearm for the military. Can be purchased with spare parts for a song, about the same price as the Glock. Same deal, tens of thousands out there, rugged, will work anywhere anytime and proven design.

 

Sig, H&K, CZ (CZ P-01 fine pistol).

To a lesser extent, Walther & Ruger.

 

Point is there are a number of existing off-the-shelf pistols the Military could adopt to replace the M-92 Baretta that would cost far less than a brand new design, would be just as durable and easy to maintain and just as accurate as anything they are having purpose built. With the outstanding pistols already in hands of police and military of the world, I don't understand using our tax money to create a new from the ground up design .

 

GS

[Utah Bob #35998]

Glocks have been chosen for MARSOC troops.

[Birdgun Quail, SASS #63663]

Having spent the last 25 years of my working career in Testing for the Army, I suspect that the pistol specifications are so stringent that no off the shelf pistols can pass the testing. Sometimes, the specs are just too unrealistic.

[Trailrider #896]

I thought the Marines went with a .45 ACP? Now, all of a sudden the Raiders are going 9mm Glock?!

[Utah Bob #35998]

I thought the Marines went with a .45 ACP? Now, all of a sudden the Raiders are going 9mm Glock?!

They came up with the Colt 1911 Close Quarters Battle Pistol a few years ago. It was a big deal, But big deals, like fame, are fleeting.

[Colonel Dan, SASS #24025]

Glocks have been chosen for MARSOC troops.

Bob, the Glock in .45 was my vote when the Army was looking to replace the 1911A1. Glocks are the closest things to being GI proof I've ever seen! As you can see, I didn't have enough "pull" to "git er done" and we went with the Beretta 9mm to be "internationally correct" as it were.

[guitar_slinger]

I'm not a big Glock fan and don't own one. However, for a military pistol or a police service carry pistol, I see the attraction. There are others like the S&W M&P line that are just as reliable and very "Glock-like" As I said earlier and was similar to what the article about MARSOC said, the fact Glocks are used all over the globe, a 9mm double stack Glock mag will fit any 9MM Glock, they all work basically the same so battlefield pickups would require no training, for armorers salvage parts are easy to come by. As a taxpayer, I like the idea because they are inexpensive, durable, reliable and can be put into service tomorrow with zero fanfare.

 

Again, there are a number of other options out there from H&K, Sig, Smith & Wesson to name a few. If they do not want a polymer frame, the CZ 75 P-01 Nato Spec pistol has also proven itself but outside of Europe, the universal availability of parts may be more problematic and the CZ costs more out of the box than a Glock or similar M&P from Smith.

 

Bottom line, the military created specs that cannot be reached by any off the shelf pistol thus manufacturers either have to create a new from the ground up pistol or heavily modify existing designs to meet the specs and I would ask for what benefit over the already excellent production line choices?

 

Come on Pentagon, save the taxpayers several million dollars and still give our troops an accurate, rugged and reliable sidearm. Don't waste our money.

 

GS

[Bad Hand]

Remember the last pistol that was built to Gov't specs? https://en.wikipedia.org/wiki/Heckler_%26_Koch_Mark_23

[Cyrus Cassidy #45437]

Well since Obama's been in office it went from $2.87 to over $26. Not a bad investment.

http://www.nasdaq.com/symbol/swhc/historical

Yeah, politics has artificially driven up the share price. So if you're a speculator (i.e. GAMBLER), go ahead and buy shares now. If Hillary gets in, share price will be driven further up.

 

The problem with that is, it's artificially inflated NOW, and will continue to be artificially inflated after Hillary's election. But, at some point, the bubble WILL burst. If you sell before the burst, you're golden. But I consider myself an INVESTOR, not a speculator. So I wouldn't touch it with a 10-foot pole right now.