VSTO - These 2 Companies Will Benefit From the Firearms Rebound (and It's Not Just Smith & Wesson or Ruger)
The FBI National Instant Criminal Background Check System (NICS) was overwhelmed in March as an unheard-of record 3.7 million background checks were performed on potential gun buyers. This included a massive 300% spike in traffic on March 16, the day after the Centers for Disease Control (CDC) issued new coronavirus guidelines that included prohibiting gatherings of 50 people or more.
No month has seen so many checks performed since the FBI began keeping records in 1998, and the 41% gain in March easily surpassed the previous record of 3.3 million background checks performed in December 2015.
The number of background checks conducted in 2020 is already running 33% ahead of last year, a record year itself with 28.4 million total investigations performed in 2019. If the pandemic persists and as we go further into the presidential election cycle, this year could easily beat all records.