IAI owed a substantial sum of money. U.S. Bankruptcy Court, Houston, TX, Case 03-42315 August 29, 2003.Auto-Ordnance Corporation was incorporated in Queens, NY in August 1916.U.S. Army Ordnance officer, John T.Thompson. The company has been best known for the submachine gun that was named after the companys owner.
In 1939 Auto-Ordnance was acquired by businessman Russell Maguire. In October 1940 U.S. War Department was interested in having developed. In response to this opportunity, Auto-Ordnance Corporation submitted two models of a light rifle for U.S. Army Office of Ordnance preliminary trials in May-June of 1941. An improved version was submitted for the final trials in September 1941 but lost out to a design submitted by Winchester. Government contracts for the production of the U.S. Carbine caliber.30 M1 were granted to ten primary contractors. The M1 carbine, at that time, consisted of 87 different parts. In March 1943 Auto-Ordnance was subcontracted to manufacture all of. I.B.M.s bolts and slides, and 50 of all of I.B.M.s receivers. The bolts and slides manufactured by Auto-Ordnance were marked with the letters AOB. During 1943 Auto-Ordnance was unable to fulfill their contract for I.B.M. Auto-Ordnance. The situation became critical enough that the Office of U.S. Army Ordnance placed an I.B.M. Changes were implemented that included adding a second subcontractor for manufacturing bolts for I.B.M. I.B.M. By the end of 1943 Auto-Ordnance was able to meet its revised quotas. Between August 1943 and the cessation of production in May 1944, I.B.M. War Baby The U.S. Caliber.30 Carbine by Larry Ruth pp. Ownership of Auto-Ordnance changed hands several more times between 1945 and 1951 when it was acquired by Numrich Arms of West Hurley, N.Y. Numrich Arms Corp. Kahr Arms was a subdivision of the Saeilo Group (pronounced Say-low), also founded by the Reverend Sun Myong Moon. Kook Jin (Justin) Moon, 4th son of the Reverend Moon, has been the CEO of Kahr Arms since the beginning. He is a graduate of Harvard University and the designer of a number of the semi-auto pistols manufactured by. Kahr Arms. Justin Moon is justifiably recognized as the driving force behind Kahr Arms, and as a very capable gun designer. New York Corporate records; The Rise Of The House Of Kahr by Massad Ayoob, American Handgunner magazine, November December 2001, p.58-67. IAI owed a substantial sum of money.
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