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 3 Wesson–made revolvers (which Smith & Wesson had already produced), and delaying (or refusing) payment for the handguns that had already been delivered. The U.S. Army adopted the .44 S&W American caliber Smith & Wesson Model 3 revolver in 1870, making the Model 3 revolver the first standard-issue cartridge-firing revolver in US service. Most military pistols until that point were black powder cap and ball revolvers, which were (by comparison) slow, complicated, and susceptible to the effects of wet weather. In 1875, the US Ordnance Board granted Smith & Wesson a contract to outfit the military with Model 3 revolvers incorporating