Smith & Wesson "N" to the largest .44 Magnum type frame. In 2003, the even larger "X" frame was introduced for the .500 S&W Magnum. Most Smith & Wesson revolvers have been equipped with an internal locking mechanism since the acquisition by Saf-T-Hammer. The mechanism is relatively unobtrusive, is activated with a special key, and renders the firearm inoperable. While the lock can simply be left disengaged, most gun enthusiasts prefer "pre-lock" guns. In 1953 the U.S. Army was looking for a pistol to replace the Colt 1911A1. To obtain a bid from the U.S. Government, Smith & Wesson began working on a
Smith & Wesson bought Crimson Trace, a laser-sight manufacturer, for $95 million and Taylor Brands, a tool and knife maker, for $85 million. In November of that same year the company bought UST Brands, a survival equipment maker, for $32.3 million. On November 7, 2016, Smith & Wesson announced that it would be changing the name of its holding company to American Outdoor Brands Corporation. In 2017 Smith & Wesson saw a severe contraction in its sales as units shipped to distributors and retailers declined 38.3%. The company was forced to lay off one-fourth of its manufacturing workforce. The company has come under