Mark Smith, President and Chief Executive Officer, said "This has been an extremely difficult and emotional decision for us, but after an exhaustive and thorough analysis, for the continued health and strength of our iconic company, we feel that we have been left with no other alternative." He specifically cited legislation recently proposed in Massachusetts that, if enacted, would prohibit the company from manufacturing certain firearms in the state. "These bills would prevent Smith & Wesson from manufacturing firearms that are legal in almost every state in America and that are safely used by tens of millions of law-abiding citizens every day exercising their Constitutional 2nd Amendment rights, protecting themselves and their families, and enjoying the shooting sports. While we are hopeful that this arbitrary and damaging legislation will be defeated in this session, these products made up over 60% of our revenue last year, and the unfortunate likelihood that such restrictions would be raised again led to a review of the best path forward for Smith & Wesson."
Why it has taken this long is baffling. A ton of gun companies are located in places like New York, Massachusetts and California.
Smith will still have 1000 employees in the Bay State but 750 employees including their HQ staff will relocate to Maryville, Tennessee. A fair amount of their machining will stay behind, it sounds like making the parts to their ARs but the final assembly will happen in Tennessee. Plus revolvers will still be made in that leftist hellhole.
Anyway, good for Smith & Wesson. Hopefully other gun companies will move out of anti-2A states.