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 Model 61 had numerous reliability problems and according to Smith & Wesson historian, Jim Supica, many were returned to the factory for repair. According to Supica, many of these returned pistols were not actually repaired. Employees at Smith & Wesson simply took a new pistol off the line, restamped the serial number and shipped the pistol to the customer in place of the old one because repair time would have been too costly. Model 61 engineering changes: Smith & Wesson Model 61 The Smith & Wesson Model 61 (also known as the Smith & Wesson Escort or simply the Pocket Escort) is