Arms makers call hired guns as U.S. shops for new rifle
By Richard Lardner, Associated Press
Updated 2d 8h ago |
WASHINGTON — For nearly a decade, Colt Defense went without a lobbyist. The legendary gun maker based in West Hartford, Conn., had an exclusive deal to provide combat rifles to the U.S. military and didn't need a hired gun looking out for the company's interests in Washington.
Times have changed. After buying more than 700,000 Colt M4 carbines, the Defense Department has started a search for the rifle's successor, giving Colt's competitors the long-awaited chance to break the company's grip on the market. So Colt turned to Roger Smith, a former deputy assistant Navy secretary-turned-lobbyist, to be the company's voice in D.C. His fee is $120,000 a year.
To read the rest of the story click the link below.
http://www.usatoday.com/money/indust....htm?csp=ipmps
Steve
Bookmarks