Are Glocks Worth The Money - When 12 people were killed at a bar in Thousand Oaks, California, on November 8, the suicide gunman used a Glock semi-automatic pistol.
Little-known fact for many: The man behind the gun was an Austrian businessman named Gaston Glock, who made a fortune of more than $1 billion from the gun manufacturer. Glock began designing and manufacturing pistols for the Austrian Army in the early 1980s. Since then, it has become the primary weapon in the United States, used by both law enforcement and mass shooters.
Are Glocks Worth The Money
In 2007, a male shooter killed 33 people and wounded 17 others at Virginia Tech, according to the Violence Policy Center. Four years later, an attack on Safeway in Tucson, Arizona, killed six people and wounded 13 — one of whom was the president of the United States at the time. Representing Gabrielle Giffords, who also reportedly owns a Glock. In 2015, a man entered the Emanuel African Methodist Episcopal Church in Charleston, South Carolina, killing nine people. The shooter - now on death row - used a Glock .45. Almost exactly a year later, a man entered the Pulse nightclub in Orlando, Florida, killing 49 people and injuring 53 others with a semiautomatic rifle and a Glock 17. In October, a man was shot dead at a synagogue in Pittsburgh with a variety of weapons, including three Glock pistols. His bullets claimed the lives of 11 people - ranging in age from 54 to 97.
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Glock pistols have nearly 65 percent of the U.S. market, according to Rommel Dionisio, managing director of brokerage firm Aegis Capital. Company founder Glock owns 99% of the company through a trust
The estimate is based on an annual report Glock completed with Austrian authorities earlier this year. Glock had sales of $556 million in 2017, but revenue was higher in 2016. The company had about $750 million in revenue in 2016. The drop in sales last year was likely due to gun enthusiasts hoarding weapons last year because of tougher gun controls expected during Hillary Clinton's possible presidency, Dionisio said. Glock's annual report shows that the company's 2017 pistol sales decreased by 36% compared with 2016, and the gun business profit increased by 58%. Dionisio predicts that the Trump presidency has so far proved less profitable for gunmakers, but a bill in Congress called the Hearing Conservation Act, which could make silencers more readily available, could increase significantly. Income for gun manufacturers.
Gaston Glock is 89 years old and at 50 he decided to make an unprecedented career change. Glock and his now ex-wife Helga live in the Austrian town of Deutschwagram, just outside the lively capital Vienna. Glock, an engineer, made the hinges, curtains and brass fittings with the help of his wife, according to court documents. At the time, Gaston and his wife wanted to rationalize their small business, so they invested in a factory in their suburban town. The couple and their children moved into an apartment directly above the factory, where they also made machine-gun belts and knives for the Austrian army.
In 1980, a year after the new factory went into operation, Glock learned that the Austrian Army was looking for a new arms contract. He had heard that the Austrian army had difficulty finding manufacturers that met their needs. He saw an opportunity and asked if he could make an offer.
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According to the 2012 book, Glock's experience with firearms was limited -- as he stated in his 1993 testimony
Written by veteran reporter Paul Barrett. (Glock was sued by the family of a woman who was accidentally killed by a police officer with his Glock; was ultimately found not guilty.)
Born in 1929, Glock was drafted into the Nazi German army as a teenager. According to Barrett, he said in 1993 that he spent several days in the Wehrmacht during World War II, where he saw rifles, pistols and grenades for the first time. The transition from poles to guns is bold, especially for someone who has never built a gun before. But Glock had a plan. Barrett wrote that he assembled a team of experts while taking police academy classes and private shooting lessons.
The pistol that Glock ended up making was one of a kind. Unlike its predecessor, it's made of plastic rather than metal. Designing in this way requires fewer separate parts, making the weapon lighter and more reliable. From a production standpoint, injection-molded plastic means that Glock costs less to produce the gun than conventional models. His Glock is faster than competing revolvers, is capable of rapid fire, has a high-capacity magazine, and can be reloaded quickly. Its popularity has led to an increase in the use of high-capacity semiautomatic handguns, according to the Violence Policy Center.
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In April 1981, Glock filed a patent for its firearm, the Glock 17. Soon, his Glock products for the professional military became a weapon of global interest, attracting world leaders and gun enthusiasts alike. In 1984, the weapon passed NATO durability tests and was selected as a standard pistol by the Norwegian Army.
The weapon has been in widespread use in the United States since the late 1980s. In 1986, Glock formed a subsidiary in Smyrna, Georgia to distribute firearms. Not long after Glock conquered America, Glock pistols found their way into civilian hands—even in popular culture. Rappers such as Snoop Dogg and the Wu-Tang Clan have referenced the gun in hit songs. . Hollywood has embraced it, too. In the second installment of the 1990 action series Die Hard, Bruce Willis asks his boss: "That punk put a Glock 17 on me. Do you know what that is?"
Today the United States imports more guns from Austria than any other country, according to the Bureau of Alcohol, Tobacco, Firearms and Explosives. In 2017, about 1.2 million handguns entered the United States legally from Austria. The U.S. government does not track specific brands, but analyst Rommel Dionisio said Glock is Austria's largest handgun company.
Approximately 57% of the NYPD use Glocks as their service weapons. Thirty-seven years after Glock developed the Glock 17 pistol, the Miami-Dade Police Department says it is the most commonly used weapon among its officers, as well as the most reliable and versatile. The Glock, which became the department's official issue weapon in 2009, will be issued across the entire Miami-Dade Police Force (approximately 2,800 officers) starting Jan. 1, 2019. In total, 65 percent of U.S. federal, state and local agencies have purchased Glock pistols, the company claims.
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Meanwhile, the 89-year-old billionaire kept a low profile and would not discuss his weapons' use in the massacre. He declined to comment for this article but has expressed his views in the past. Later in the Clinton administration, Glock sought to end some of the president's gun control measures, including limiting how guns were sold. "Extortionists," he said
In 2003, referring to the U.S. government and its gun control measures. (In 2017, the company was inducted into the NRA's exclusive giving club, the "Circle of Freedom," after donating $1 million to the organization.)
Today, Glock spends most of his time at his villa in Austria with his second wife, Catherine, who is more than 50 years younger than him. The couple married in 2011, shortly after Glock's ex-wife Helga sued the billionaire in Austria, claiming she was defrauded of her actual stake in the company, which she claims was more than 1%, and now owns them. According to news reports, Helga won the alimony but lost the case for her share. In 2014, she filed suit in U.S. federal court in Georgia, claiming that Glock deceived her emotionally and financially. Her case was dismissed by U.S. judges in 2017 and 2018. Neither Gaston Glock nor Helga Glock commented on the allegations. It is unclear whether Helga, who has been married to Glock for 49 years, will have another battle in court. I'm hanging out in Detroit this week, I try not to go often, but when I'm there I always go to the local gun store. On certain days, it's a crazy business that might seem more at home in a third world country than in a city center. The waiter swears to me, which is always a good sign, and once I'm inside, I start looking for the perfect used weapon.
They have a wide selection from old revolvers to 5906 Smiths for sale. The most notable deal is a battered Glock 22 with old skateboard tape. Picking it up I realized it was a Gen 3 Glock 22 with a 9mm conversion barrel replacing the .40 S&W barrel. storm
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