Five major gun manufacturers have made over $1 billion in the last decade solely from the sales of military-style assault weapons to civilians, like AR-15-style semiautomatic guns.
in 2017, which was the deadliest shooting in Texas at the time. Ruger’s gross earnings from AR-15-style rifles nearly tripled between 2019 and 2021, from $39 million to $103 million.
Finally, Bushmaster, which claimed it couldn’t report its revenue because it was recently bought by another company, made the gun that ain May at a supermarket in a majority Black neighborhood in Buffalo, New York. A Bushmaster assault weapon was also used in the mass shooting in Newtown, Connecticut, in 2012, when a shooter opened fire on children in Sandy Hook Elementary School — the deadliest school shooting in U.S. history.
The manufacturers all say that they have no way to collect and report safety data, including deaths or injuries, related to their products. Bushmaster went so far as to say that it was “aware of no such deaths or injuries” due to its recent acquisition by another brand. These spikes in revenues follow longstanding trends finding that gun sales peak following civil unrest, elections and mass shootings. Gun manufacturers not only acknowledge these patterns, but also market them as sales opportunities to investors, the report says.on the role of gun manufacturers in gun violence in the U.S., one in a series of hearings by the group to investigate the gun violence epidemic., which recently passed a committee vote in the House.
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