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 SD series and the Smith & Wesson M&P design. Smith & Wesson SD The Smith & Wesson SD, formerly known as the Sigma, was Smith & Wesson's first venture into using synthetic materials in pistol construction, using high-strength polymer material for the frame. The pistol is similar to a Glock safe-action pistol in both its design and operation, leading to some controversy and speculation as to the legality of the pistol's patents. Created in 1994, the Sigma incorporates pre-set striker firing mechanism. It is available in both .40 S&W cartridge and 9×19mm Parabellum being one of the first pistols purpose-designed to