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 M76 to the reorientation of the extractor and the Stemple receiver tubes have an inside diameter that is slightly larger than that of an original S&W M76, requiring two sleeves that act as bearing surfaces to be placed on the bolt to take up the extra space inside the receiver. During 2001 the Tactical Weapons Company of Arizona was engaged to manufacture the parts and receivers for a weapon that would be marketed as the Omega 760 carbine, a semiautomatic-only copy of the Smith & Wesson Model 76. Initial sales of the Omega 760 were brisk but quickly dropped off. The