Smith & Wesson NRA and NSSF over the issue of smart guns, thousands of retailers and tens of thousands of firearms consumers boycotted Smith & Wesson. CEO Ed Shultz, who negotiated the deal, was forced out in September of that year. By December 2000, the company's stock price was 19 cents per share. Smith & Wesson dropped its smart gun plans after nearly being driven out of business. On May 11, 2001, Saf-T-Hammer Corporation acquired Smith & Wesson Corp. from Tomkins plc for US$15 million, a fraction of the US$112 million originally paid by Tomkins. Saf-T-Hammer assumed US$30 million in debt, bringing the
Smith & Wesson M&P Smith & Wesson M&P The Smith & Wesson M&P (Military and Police) is a polymer-framed, short recoil operated, locked breech semi-automatic pistol introduced in the summer of 2005 by the American company Smith & Wesson. It uses a Browning-type locking system. While targeted at law enforcement agencies, the M&P is also widely available on the commercial market. The M&P is a hybrid evolution of the Smith & Wesson Sigma and Smith & Wesson SW99 design but does not share parts compatibility with the Sigma. The M&P design has an improved trigger and enhanced ergonomics that allow for end-user customization. An