Smith & Wesson M76 Smith & Wesson M76 The Smith & Wesson M76 submachine gun was produced by Smith & Wesson from 1967 to 1974. It is an adaptation of the Swedish Carl Gustav m/45 with an open bolt design and fires 9x19mm Parabellum ammunition. In 1966, the Swedish government blocked the sale of firearms to the United States because it opposed the Vietnam War. This created a problem for the Navy SEAL Teams which were using Swedish-made m/45 submachine guns in covert operations in Southeast Asia. Noting this, Smith & Wesson began to produce the M76 (an m/45 clone), which was ready for
Smith & Wesson to a safety issue with barrels rupturing. The 916 series was discontinued, then later replaced by the Models 3000, based on an improved Remington 870 design, and 1000 intended to compete with the popular Remington Model 1100; both were produced by Howa of Japan. However, with the sale of the company to British Tomkins PLC, Smith & Wesson exited the shotgun market in the mid'80s to return to their "core" market of handguns. During the 1980s, Smith & Wesson released the S&W assault shotgun, which had full automatic capability. In November 2006, S&W announced that it would reenter the shotgun