Politics & Government
This Is The Largest Gunmaker In Rhode Island
According to the ATF, there are more than 3,200 federally licensed firearm production plants in the U.S.
August 28, 2023
The United States is the single largest civilian firearm market in the world. A recent Gallup poll found that 45% of Americans have a gun in their home. And many of those households have more than one, as the U.S. is the only country with more privately-owned guns than people.
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Whether for hunting, target shooting, personal protection, or home defense, consumer demand for firearms in the U.S. fuels a $32.1 billion a year industry. And across the country, companies are cashing in. The Bureau of Alcohol, Tobacco, Firearms, and Explosives reported that over 13.3 million firearms were manufactured in the U.S. for the domestic market in 2021. (Here is a look at which Americans own the most guns: a survey of all 50 states.)
According to the ATF, there are more than 3,200 federally licensed firearm production plants in the U.S., and 5 of them are operating in Rhode Island. Between them, a total of 144 firearms were manufactured in the state in 2021.
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No company made more firearms in Rhode Island that year than Ocean State Armory LLC. Through a production facility in Warwick, the company produced a reported 50 guns – or 34.7% of all firearms made in the state in 2021.
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This story was originally published by 24/7 Wall St., a news organization that produces real-time business commentary and data-driven reporting for state and local markets across the country.
