BREAKING: Firearms manufacturer Remington Arms Co. is preparing to file for chapter 11 protection for the second time since 2018 and is in advanced talks for a potential bankruptcy sale to the Navajo Nation. https://www.wsj.com/articles/gun-maker-remington-preps-for-bankruptcy-seeks-sale-to-navajo-nation-11593186468">https://www.wsj.com/articles/...

Remington had previously filed for bankruptcy protection in March 2018. The company makes the Bushmaster AR-15-style rifle used in the Sandy Hook School mass shooting that killed 20 first-graders and six educators in 2012.

The Navajo Nation‘s 2018 offer would have expanded sales to police and military, shut down production of assault rifles, sell only hunting rifles to civilians, move some production to the Navajo reservation and research development of "smart guns.”