Smith & Wesson total purchase price to US$45 million. Saf-T-Hammer, a manufacturer of firearms locks and other safety products, purchased the company with the intention of incorporating its line of security products into all Smith & Wesson firearms in compliance with the 2000 agreement. The acquisition of Smith & Wesson was chiefly brokered by Saf-T-Hammer President Bob Scott, who had left Smith & Wesson in 1999 because of a disagreement with Tomkins’ policies. After the purchase, Scott became the president of Smith & Wesson to guide the 157-year-old company back to its former standing in the market. On February 15, 2002, the name
Smith & Wesson debuted in two varieties: the M&P15 and the M&P15T. The two are basically the same rifle, chambered in 5.56 NATO, with the T model featuring folding sights and a four-sided accessories rail. These rifles were first produced by Stag Arms but marketed under the Smith & Wesson name. Currently Smith & Wesson makes the lower receiver in-house while the barrel is supplied by Thompson/Center, a S&W company. In May 2008, Smith & Wesson introduced its first AR-variant rifle in a caliber other than 5.56 NATO. The M&P15R is a standard AR-15 rifle chambered for the 5.45×39mm cartridge. In 2009, it