This is why it is important for a gun owner to find the best humidifier to ensure their firearms’ longevity and to protect your guns. In a report to investors last month, Remington's privately-held parent company, Remington Outdoors, previously known as The Freedom Group, revealed it had set aside $29.7 million in what the company called a 'Model 700 settlement reserve.Guns are made with metal parts and as with any metal, they can begin to degrade and rust in a humid environment. Again, the decisions had to do with the cost, which had risen dramatically from Mike Walker's original 5 ½ cents a gun, and continues to go up today.

CNBC found that at least twice-in 19-company officials discussed the idea but ultimately rejected it. This is not the first time Remington has considered recalling the popular rifle. I feel more sympathy to this new company.' People hear Remington and they automatically think 'oldest gun manufacturer,' but people don't know the company has changed many, many times. It's not in my nature to attack my adversary when they do the right thing. 'This situation can be very dangerous from a safety and functional point of view,' said a 1947 inspection report.īarber noted Remington's corporate structure has changed repeatedly over the years, and he is pleased the company has finally agreed to fix the guns. Subsequent memos during the testing process noted guns could be made to fire simply by switching off the safety or operating the bolt.

In a 1946 memo, he warned of a 'theoretical unsafe condition' involving the gun's safety-the mechanism that's supposed to keep the rifle from firing accidentally. The gun is prized for its accuracy and smooth operation, thanks to a unique trigger mechanism patented in the 1940s by Remington engineer Merle 'Mike' Walker.īut the CNBC investigation revealed that even before the gun went on the market, Walker himself had discovered a potential problem with the trigger he designed. Remington's 700 series, which began with the Model 721 shortly after World War II, has been wildly popular not only with hunters and target shooters, but also with law enforcement and the U.S.

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