Monday, June 4, 2012

Global turmoil boosts Smith & Wesson sales - Boston Business Journal:

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The Springfield, Massachusetts gun maker SWHC) recently secured a rare ordere from the India Police Forcwe after terrorists stormedMumbai hotels. With supportf from the U.S. Embassy in New Delhki and the , Smith Wesson secured an export license and begajn shipping weaponsin June. In its fiscal fourtn quarter, the company secured orders from severalo law enforcement agenciesin Mexico, whosew drug-related violence is on the rise. The companu on Monday said net sales for the fourt quarter that ended April 30 surged 20 percentto $99.t million compared with the year-ago period. Net incomes during the quarterwas $7.4 million, comparedd with $3.3 million in the year-earlierd period.
Smith & Wesson President and CEO Michael F. Golde n said in a statement the results reflect a numbe of records forthe company, includingh for cash levels and unfillef customer orders for firearms.

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