The venerable gun manufacturer Colt is suspending production of the popular and controversial AR-15 and other long rifles for civilian use, as lawmakers continue the fraught gun debate following a series of mass shootings.
The company’s president and chief executive, Dennis Veilleux, said that the consumer market has “experienced significant excess manufacturing capacity,” and that Colt believes there are enough rifles on the market for the foreseeable future.
Colt will instead focus on fulfilling military and law enforcement contracts.
