No, I mean 1847. Colt's never been sold or went out of business, they also never kept up with the times. They gave up on commercial innovation in the70s, and decided to subsist on military contracts. And then the US military went to the Beretta, the Minimi and the MAG, and now the only military contract Colt has is for the M4 - even the M16A4 is made by FN-USA. They completely missed the wondernine craze (their only attempt was the Colt 2000, which was a disaster), and then stopped making double-action revolvers right when concealed carry took off and snubbies were suddenly relevant again.
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