Sturm, Ruger & Co.

Sturm, Ruger & Company, Inc.
Company typePublic
NYSE: RGR
S&P 600 Component
IndustryFirearms
Founded1949; 76 years ago (1949)
FoundersWilliam B. Ruger,
Alexander McCormick Sturm
Headquarters
Southport, Connecticut
,
U.S.
Area served
Worldwide
Key people
Ronald C. Whitaker (Chairman)[1]
Christopher J. Killoy (President and CEO)[2]
ProductsRevolvers, pistols, rifles, shotguns
Revenue$664 million[3] (2016)
595,840,000 United States dollar (2022) Edit this on Wikidata
$88 million[3] (2016)
Number of employees
2,120[3] (2016)
SubsidiariesMarlin Firearms
Websitewww.ruger.com Edit this at Wikidata

Sturm, Ruger & Company, Inc. is an American weapon manufacturing company. The company was founded in 1949 by Alexander Sturm and William Ruger and has been publicly trading since 1969.

History

Sturm, Ruger & Company was founded by William B. Ruger and Alexander McCormick Sturm in 1949 in a small rented shop in Southport, Connecticut.[4] William made a semi-automatic pistol that took inspiration from the Luger and Colt Woodsman pistols and sold it as the Ruger Standard which wasso successful that it started the entire company.[4]

Ruger is a dominant manufacturer in the .22 LR rifle market in the U.S. because of its Ruger 10/22 semiautomatic rifle.[5] The 10/22 is very popular for being relatively inexpensive and of high quality.[6] Because of it, after-market accessories and parts were made for it, which has increased its popularity.[5] Ruger also dominates the .22 semi-automatic pistol market with the Ruger Mark IV, based off of the Ruger Standard pistol. Like the 10/22, the Mark Series is has many after-market accessories[7]

From 1949 through 2004, Ruger made 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. .[8]

In September 2020, the company bought the Marlin Firearms company from the bankrupt Remington Outdoor Company.[9] Ruger introduced the first Ruger-made Marlin lever-action rifle, the Model 1895 SBL. In 2024, Ruger is celebrating their 75th anniversary.

Statistics

Ruger was ranked the number one U.S. gun-making company from 2008 to 2011. In 2011, Ruger made 1,114,687 firearms. The company has set a new goal of 2 million firearms produced per year.[10] From 2009 to 2012, Ruger was the top-seller of handguns.[11]

References

  1. ↑ Ruger. "Board of Directors - Ruger". Retrieved June 20, 2019.
  2. ↑ Ruger. "Corporate Officers - Ruger". Retrieved June 20, 2019.
  3. ↑ 3.0 3.1 3.2 "Corporate Report" (PDF). February 22, 2017.[dead link]
  4. ↑ 4.0 4.1 Wilson 1996, p. 47.
  5. ↑ 5.0 5.1 House, James E. (July 6, 2006). Customize the Ruger 10/22. Iola, Wisconsin: F+W Media. pp. 6–12. ISBN 978-1-4402-2413-3.[permanent dead link]
  6. ↑ Garrison, Kerry (March 14, 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.
  7. ↑ Sweeney, Patrick (December 24, 2007). The Gun Digest Book of Ruger Pistols and Revolvers. Iola, Wisconsin: Gun Digest Books. p. 18. ISBN 978-0-89689-472-3.[permanent dead link]
  8. ↑ Ph.D., Gregg Lee Carter (May 4, 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.
  9. ↑ "Remington Auctioned Off to Seven Bidders in Bankruptcy Court". September 28, 2020. Retrieved September 28, 2020.
  10. ↑ "The Ruger 2 Million Gun Challenge". Ruger.com. Archived from the original on June 19, 2018. Retrieved July 12, 2018.
  11. ↑ "US Firearms Industry Today". Shooting Industry. 2012. Archived from the original on August 22, 2019. Retrieved July 11, 2024.

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