Wednesday, December 11, 2013

Gun Patents Surging

A 35 year record in the number of gun patents.  From December 1, 2013 Bloomberg News:
Gunmakers such as Smith & Wesson Holding Corp. (SWHC) and Sturm Ruger & Co. (RGR) are boosting firearms sales by building weapons that are more accurate and easier to use, with gun-related U.S. patents at a 35-year high.

Demand is growing as more states allow people to carry concealed weapons and lawmakers discuss limiting sales after mass shootings at public venues like schools and movie theaters. Ownership is rising among women and the elderly.

Manufacturers are competing for sales with improvements such as magazines that increase a bullet’s accuracy or are lower in cost. Of 6,077 patents issued since 1977 in the firearms class, 19 percent were in the past four years, with a record 370 issued last year, according to the U.S. Patent and Trademark Office.

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