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ArmaLite AR-10A
ArmaLite, or Armalite, is an American small arms engineering company, formed in the early 1950s, in Hollywood, California. Many of its products, as conceived by chief designer Eugene Stoner, relied on unique foam-filled fiberglass butt/stock furniture, and a composite barrel using a steel liner inside an aluminum sleeve, including the iconic AR15/M16 family. While the original ArmaLite ceased business in the 1980s, the brand was revived in 1996, by Mark Westrom. Originating as the light firearms division of Fairchild Engine and Airplane Corporation, ArmaLite was formally incorporated in 1954. Stoner's first design, the AR-1 Parasniper (dating from 1952), was relatively unsuccessful. However, in 1956, when ArmaLite competed in a contest for an aircrew survival rifle, its AR-5 and AR-7 designs were put into production and adopted by elements of the US military. The following year, ArmaLite also competed for the contract for a new main US combat rifle, in the NATO standard 7.62 mm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
