Nature of Business

12 Months Ended

Dec. 31, 2012

Nature of Business

Nature of Business

1. Nature of Business

Colt Defense LLC was formed in 2002 as a Delaware limited liability company as a result of the re-organization of Colt’s Manufacturing Company, Inc. The defense and law enforcement rifle business was separated from the commercial handgun business. We are one of the world’s leading designers, developers and manufacturers of small arms weapons systems for individual soldiers and law enforcement personnel. We have supplied small arms weapons systems to more than 80 countries by expanding our portfolio of products and services to meet evolving military and law enforcement requirements around the world.  Our products have proven themselves under the most severe and varied battle conditions. We also modify our rifles and carbines for civilian use and sell them to Colt’s Manufacturing Company LLC (“Colt’s Manufacturing”), which sells these MSR’s into the U.S. commercial market.