Unfortunately, we've seen this coming
Colt facing default on bond payments. Wall Street Journal article is behind a paywall, but somebody helpfully posted whole article to the Sig forum.
http://sigforum.com/eve/forums/a/tpc/f/320601935/m/6650063663/p/1
They are one of worst run companies for years
Piss in the consumer market because your fat on gov contracts, let your products be copied and improved on by everyone else and then when the contracts run out come back to the consumer and say hey were back we love you and buy our inferior products for more than the competitions be wise were Colt.
Sad really but when you are run by retired military guys who have a hobby country club business mentality what do you expect? I hope they continue is all I can say but without some serious culture changes there I don't see it improving.
I agree, I just hate to see the Colt name go so far
by Cherokee 
, Medina, Ohio, Friday, November 14, 2014, 13:01 (3603 days ago) @ Fowler
down hill (again) even if they have done it to themselves.
Unfortunately, we've seen this coming
by Ken O'Neill , Hickory, N.C., Friday, November 14, 2014, 09:43 (3603 days ago) @ mcassill
Despite a few gasps of fresh air from time to time, Colt has been firmly on the road to ruin for more than 40 years. Poorly built guns, reluctance to build guns that people want, lousy customer service ... this is just one more chapter in a long saga.
Saying and advertising that a gun is a quality product, doesn't make it so.