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&P10 Smith & Wesson M&P10 The Smith & Wesson M&P10 is Smith & Wesson's modified version of the AR-10 rifle. The M&P10 series of rifles is based on the AR-10. Smith & Wesson offers the M&P10 semi-automatic rifles in a variety of configurations tailored to specific shooting applications and styles. The standard model has a six-position collapsible stock, 4140 steel barrel, 7075 T6 aluminum receiver and a hard-coat black anodized finish. In 2013, the M&P10 line was expanded to include the .308 Winchester calibre. Unveiled at 2013 SHOT Show, the rifle is available in several variants; the M&P10 (CA Compliant), M&P10