Facing declining sales and more competition for defense contracts, iconic gun maker Colt said late Sunday that it would have to file for bankruptcy protection to stay afloat.

The Colt Ace .22 Long Rifle pistol was introduced in 1931 as a .22 companion pistol to the .45 ACP Model 1911A1. The markings on the right side of the slide, “COLT ACE .22 L.R.” indicate that ...

Ed Brown Products, Inc. continues to push the edges of traditional custom 1911s by adding a Long Slide 10 mm (LS10) to the Limited Series.

Colt remains susceptible to any declines in the euro's value because around 65% of its sales come from the Continent, but it reports its figures in sterling.