Hopefully this isn't a re-post, but I just saw this on Wall Street Journal. Sad to see this happen to such a legendary gun maker.
Colt Defense to File for Chapter 11 Bankruptcy Protection by Monday
http://on.wsj.com/1GmG3Z3
Colt Defense to File for Chapter 11 Bankruptcy Protection by Monday
http://on.wsj.com/1GmG3Z3