POWER OF ATTORNEY

                  Know all by these presents, that the undersigned hereby
constitutes and appoints each of Stephen L. Sanetti and Leslie M. Gasper,
signing singly, the undersigned's true and lawful attorney-in-fact to:

         (1) Execute for and on behalf of the undersigned, in the undersigned's
         capacity as an officer and/or director of Sturm, Ruger & Company, Inc.
         (the "Company"), Forms 3, 4, and 5 in accordance with Section 16(a) of
         the Securities Exchange Act of 1934, as the same may be amended from
         time to time (the "Act") and the rules thereunder;

         (2) Do and perform any and all acts for and on behalf of the
         undersigned which may be necessary or desirable to complete and execute
         any such Form 3, 4 or 5, complete and execute any amendment or
         amendments thereto, and timely file such form with the United States
         Securities and Exchange Commission and any stock exchange or similar
         authority; and

         (3) Take any other action of any type whatsoever in connection with the
         foregoing which, in the opinion of such attorney-in-fact, may be of
         benefit to, in the best interest of, or legally required by, the
         undersigned, it being understood that the documents executed by such
         attorney-in-fact on behalf of the undersigned pursuant to this Power of
         Attorney shall be in such form and shall contain such terms and
         conditions as such attorney-in-fact may approve in such
         attorney-in-fact's discretion.

                  The undersigned hereby grants to each such attorney-in-fact
full power and authority to do and perform any and every act and thing
whatsoever requisite, necessary, or proper to be done in the exercise of any of
the rights and powers herein granted, as fully to all intents and purposes as
the undersigned might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall
lawfully do or cause to be done by virtue of this power of attorney and the
rights and powers herein granted. The undersigned acknowledges that the
foregoing attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor is the Company assuming, any of the
undersigned's responsibilities to comply with Section 16 of the Act.

                  This Power of Attorney shall remain in full force and effect
until the undersigned is not longer required to file Forms 3, 4 or 5 with
respect to the undersigned's holdings of and transactions in securities issued
by the Company, unless earlier revoked by the undersigned in a signed writing
delivered to the foregoing attorneys-in-fact.

                  IN WITNESS WHEREOF, the undersigned has caused this Power of
Attorney to be executed as of this 22nd day of May, 2003.


                                                /s/ Carolyn R. Vogel
                                                --------------------------------
                                                Signature

                                                Carolyn R. Vogel
                                                --------------------------------
                                                Print Name