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“Investing in Texas was an easy decision,” said CEO Iver Mossberg. “It’s a state that is not only committed to economic growth but also honors and respects the Second Amendment and the firearm freedoms it guarantees for our customers.”

Major U.S. gun manufacturer Sig Sauer announced a significant layoff today, saying the overall slump in gun sales has forced it to cut nearly 10 percent of its staff from its Exeter, New Hampshire, and Newington, New Hampshire, manufacturing facilities.

A new category has been growing quickly in the market and it made its presence felt during this year's NRA show in Indianapolis. High-tech offerings — from firearms accessories and gear to online services for just about any shooter’s needs — were numerous and popular with the attendees.

Despite a slowdown in sales, most observers in the industry see this as a good-news-bad-news kind of scenario, especially in light of the general perception that, despite the bubble shrinkage, the current firearms industry is in overall good health.

The ARAK-21 from Faxon Firearms is a piston-driven rifle design that takes elements of from both the AR-15 and the AK-47, the two most popular and successful tactical rifles on the market today.

New threaded-barrel models in .22LR, .22 Magnum, and .17 HMR are now available in full size and compact models.

The CT line features a full-sized polymer frame with textured grips and a matte stainless steel slide. It is double action only and has a 3.965 inch barrel.

The company is offering customers a $50 gift certificate redeemable for rifle accessories and a free Rat Rapid Assault Tactical case from U.S. Peacekeeper Products, an $82 value.