In a 2002 restructuring, Colt's Manufacturing Company, Inc, spun off Colt Defense, LLC, to supply military, law enforcement and security markets. Colt's Manufacturing Company itself become a subsidiary of New Colt Holding Corp, LLC. In 2013 Colt Defense acquired New Colt Holding Corp., in part to protect a licensing agreement set to expire in 2014, where Colt's Manufacturing sold sporting rifles marketed to consumers that were manufactured by Colt Defense. This formed a single company to develop, manufacture and sell firearms under the Colt name for all markets for the first time since the 2003 completion of the restructuring.