Kind of a parallel sales situation. I also went all over the country looking for parts and pieces for the government. Smith and Wesson wasnt building enough of them for the customer base. He also did all the early testing of the very early Minimi, and the HK262. Gene Stoner told me something interesting one day; he said, I believe when you become an engineer, and they teach you the disciplines, you learn that one and one make two, and that you have to do it this way because this is what the book says to do. SAR: Did it make you money in those first deals? We really perfected the rubber wipe suppressor in what we called the Snap-On. We actually built a little aluminum can with the rubber baffle stack for pistols. Knight:Yeah, they included the tooling and everything else in the deal we did. I went everywhere looking. Thats huge.

But Ill hunt pigs when theyre loose on the property. how to deal with a talebearer 26. Im sure that everybody that Marcinko had, Charlie tried to steal, and everybody Charlie had, Dick tried to steal. When they added a slide lock on it, and when the operator unlocked the slide and tried to jack the round out and put a new round in, the extractor would climb out over the cartridge case, and the cartridge case would stick in the chamber. So I said, OK, lets just make a really high down payment because he only got $50K for the TDP on the M16. Howd you meet Eugene Stoner? Net Worth in 2023: $1 Million - $5 Million: Salary in 2023 . I had a brand new 63 Chevrolet Super Sport, less than three months old, and my mom and dad went out of town for the weekend.

SAR: Did you keep any for bookends?

I would work at my dads shop during the summers taking tractors apart, fixing them, putting them back together and working on the heavy machinery. On another note, one of the RPB (Robie, Pitts & Brugeman, the next manufacturers of the MAC series) guys had been the shop foreman for Military Armament Corporation. My dad would bring home bags of quarters, and Id sit down watching TV with a bag of quarters and going through separating them.

That was much earlier than 1986. April 5, 2023April 5, 2023 By April 5, 2023 By Our new protocol moved things up to a higher level. SAR: Disgusting. RKj: To my knowledge, I dont think any had stainless slides. It was our first major suppressor contract. As Stoners getting ready to leave, one of the assistants to the Shah came up and handed Stoner a check for $1 million. In 1981 I started a supply company for the police departments in the State of Florida, and the name of that company is Lawmens Shooter Supply. I asked how they tested it. That was the RIS (Rail Interface System), our first product in 1992. Anything interesting on the horizon? This later became Dev Group. Jonathan Ciener was there at the auction. I did a whole lot of experimenting and found out that as the slide went back, the barrel on the 39 unlocked by moving down, and as the barrel moved down, the extractor came over the cartridge rim and the extractor would leave the cartridge stuck in the chamber. Remember, I was selling it as a mount to hold a flashlight. The grenade launcher would fire from defilade and burst when it passed over the target. I was on the rifle team freshman year, and then I started shooting whats called PPC, and thats police combat shooting with revolvers. Celebrities Reed Knight Net Worth Reed Knight Net Worth 2023, Age, Height, Relationships, Married, Dating, Family, Wiki Biography I said, Why in the world didnt you give me a place on this M16 that was square to the bore, so that I can mount something on that would always be parallel to the bore? He said, Well, what is it that you wanted me to mount? What about gators? Knight:I guess from the very beginning my earliest memories were of taking things apart. The machine guns werent worth much even after the Amnesty for a very long time. I built a few extra; I probably sold 100 other than that on the civilian market, and they were all stainless steel.

Fly was actually the Navy SEAL that did all the testing on the M-60E3, which was a lightweight M-60. Knight:I started with bow and arrow in the 1950s. I said, Pedro, how can I go wrong at six bucks apiece? He said, Those guns will be bookends, dont buy them, you cant get magazines, theyre no good, you dont want them. In two days at the auction, I ended up buying 750 machine guns and silencers, and I spent $11,000. All that period of time I was doing work with the suppressors and the Navy SEALs. The pair worked together during the 1990s, combining the most heralded assets of the AR-15 with the fight .

My journey returning to Zim after 20 years living in the UK. Fly served up until almost until his death. Was I right? Knight:Im sure I saw some in the 60s, but they didnt really interest me then.

We took the thing to Colt, and other manufacturers, and I said, Hey, I got this idea. It came with a suppressor, and I paid $200 for the gun and suppressor, $200 for the stamp tax for the gun, and $200 for the stamp tax on the suppressor. On firearms, I did some hunting, but not a lot other than around the groves. My dad kept having clutches slip on some of his tractors that were using a tree hoe. I knew about a special clutch used on dragsters, so I sent one of the clutches in and had them build the dragster clutch plate package to fit on my dads Massey Ferguson tractor. They had just finished up with a simulator that they had just built for the ACR program, and they had just spent umpteen millions of dollars of testing that equipment against the baseline of duplex rounds and different things. [laughter]. The amount of movement on the trigger would rotate the cylinder and cock the hammer and get everything locked up, and then youd break the hammer, and it was very accurate.

It was a lot of fun. Hed later leverage his successes to launch Knight Vision, the largest producer of clip-on night vision devices in the world. She was a saint. We basically just stay in the state of Florida. All rights reserved. I was very competitive, and that went from archery to firearms to cars. So, the organizers spaced out the military sections and set them up so people had to cross through the [non-tactical] sections of the show. When we got these good contracts for these large deliveries, I did not have any way to manufacture what was needed. Knight:No. I knew what I was looking for, and I just found people here and there with parts. RKj: I dont know enough about the commercial market. 0 . I loved it. This was when McDonnell Douglas and Boeing merged and this became a surplus piece of property for Boeing, so they agreed to sell it to me. Dont we have process controls that prevent these kinds of mistakes now? Knight:Actually, I dont think so. Heres an Armalite AR-15, serial number 000001, rescued from a storage closet at Fairchild Corporation. There had to be a point where you had an inspiration for a rail system. It was one of the InterArms mismatched guns with wire wrapped around the buttstock to hold the buttstock together. His family moved to Florida before he was a month old allowing him to claim he didnt have time to be corrupted into a Northerner. And I gamble every day. Knight:My family has been in the citrus business forever, so we had our place where we worked on all of our tractors and I had a welding shop and a machine shop; everything that you would need to work on tractors. At 5-6,000 rounds with their testing style using a bore rod, the point of impact had shifted out of the specification on the RIS. Would it be fair to characterize your experiences though as living a little bit in the civilian world of ownership, but living mostly in the military and law enforcement community in your designs and manufacturing?

No permits and nobody will talk to me it was just a screwed up mess. The Vietnam War was still going on, but it was winding down. C. Reed Knight, Jr.: Funny story. Here I am, and they agree to it; we get the paperwork going, and Stoner gets there and says, Let me tell you something, if you think Im going to take those damn guns, youre out of your mind.

I unzipped it and there was this barrel in it, it was obviously a heavy barrel, it was a quick change barrel, and I had no idea what that barrel fit. Thats like a proof load or something? Reeds companies are some of the amazing success stories of the small arms world, having grown to the point of employing over 300 people today in the manufacture of weapon systems and accessories that Reed has invented and put into production. I got a Farmall Cub tractor for my 9th birthday, which was electric start but I had to hand crank it like a Model A, and I learned to work on that real fast. That was quite frightening because I looked at the mortgage and I had made a major commitment to it when I had had some very large government contracts, and it looked like they were going to last forever. RKj: Theres so much going on right now the government wants a gun right now to replace the M249 that fires full auto with a group size of less than one minute of angle. The only thing it does is start the cracks.

And would you charge me more for it? The interesting part is the ATF just came along and confiscated what they wanted for downtown, and I had gotten some of the really nice, consecutive serial numbered, high polished blue MAC 10s and MAC 11s. Work 50 hours a week, and youll do better. There were 60,000 plastic ones built, and 3,000 aluminum frames, and probably not more than two dozen nickel ones. They spent $250 million, and Picatinny still didnt have anything that worked. When you designed that gun were you on a contract to Colt, were you an employee or ? Damn, that was a mistake.

Of course he would not bid against himself to get individual pieces; it would be bidding against himself. One of the guys from Secret Service had gone to SEAL Team Two, and they showed him these Stoner belt-fed machine guns that were inoperable, and he said, Well, I know a guy down in Florida that works on those and has some parts and pieces, and you need to call him. SEAL Team Two called me and wanted me to go up to see what they had. At that time there was SEAL Team Two, SEAL Team Four. All rights reserved. The 454 acres of land surrounds a 625,000 square-foot building thats home to all of Knights ventures, including the Institute of Military Technology, perhaps the largest privately held collection of small arms in the world. Its perfect for us. Knight was later .

Youre going to have to take those guns.. It was a straight over the counter sale and any number of Class 2s in the early to mid 1970s bought their parts at Military Armament Corporation. Knight:One of the things that Ive been very fortunate on is that even though Im not an educated engineer, Im not an educated business manager, and Im really not an educated pretty much anything, I have been able to associate myself with some very, very talented people. I ended up buying new CNC machines and developing processes. I know that if I do not proof an M110, I can get twice the bolt life out of it. He took me into this warehouse that had big holes in the roof, and there were seven or eight semi-loads of parts, and all the tooling for the Stoner 63. You can really hurt yourself doing that. I liked Smith & Wessons. Testing at that time was still based on the Frankfurt Arsenal-style testing.

To me, you could go back and put the springs in it like I designed it, and the guns a pretty nice gun if it has the right springs in it and the right finish inside the parts. Ive always been able to see things in multiple dimensions and understand them in a very complicated way mechanically. Knight:Youre correct. She caught me at college where I had converted my kitchen sink into a parts washer and the rest of the kitchen into an assembly area. SAR: Knights was making suppressors, some larger mount pieces, and some other accessories. Do you have a hobby? It had a barrel extension that looked like the AR-15. There was a guy from Tampa who was a machine gun dealer. Because I could expense it and he couldnt. Fly had started working for Special Operations Group Two, which was basically the early WarCom. Lets get the fuse perfected and then determine how much better performance we can get when firing out of defilade. So I went up there, and they had these old shopping carts like you see at Publix with the wheels all messed up. Net Worth: $75 B. In 1974 C. Reed Knight, a friend of Stoner, founded the Knight's Armament Company.

The guy opens up the closet, and theres all these guns laying there, about 80 of them. I also built wooden handguards for the Stoner 63, so they could convert rifles to machine guns. Instead, he re, cognized good advice and took it to heart. RKj: Well, my third-grade teacher wasnt going to a pass me to the fourth grade. What I really liked was drag racing, and I set four national records way back in the old days. It was certainly exciting because I was working for all the high-end people. So yeah, I was among the first five booths they allowed to have military-type stuff in, and I was a maverick back then and nobody wanted to hook themselves to my wagon You think that I could even think about getting one of my AR-15s on the cover of a magazine back then? POD-209275, Home Magazine Issue 36 Zeroed In: C. Reed Knight, II, C. Reed Knight, Jr. grew up with one major advantage. RKj: At the SHOT Show in the 80s, you couldnt even have a picture of a soldier. It still is, no matter what the marketing hype might be. It wasnt the gift of book smarts in fact, Knight will tell you he barely graduated high school and still hasnt read an entire book in his life.So what helped guide Knight to a path that would see him become one of the most respected figures in the worldwide, small-arms industry? I sold handguns, body armor, light bars, car equipment, holsters and whatever they needed. The difference is that the original Cadillac Gage wooden forends had a sling swivel at one end, and ours did not, because the Navy SEALs didnt want a sling that hooked to the hand guard. ATF confiscated some of my guns and simply did not approve the paper. Regarding the firearms business, other than dealing, I had been working on silencers for the Berettas and Hushpuppies.

What was your first firearm that you remember? As you tell me what you spend, Ill refurbish that money, but heres your first draw, and just keep going on this thing, and lets get this program underway. Stoner was actually being directed by the State Department to do this project. We almost bought an All American 2000 about a month ago. These are called the RPB Overstamp MACs. I have very good examples of the entire MAC series machine guns, and some of the stock of MAC-10s left as well. The plastic frames had problems. C. Reed Knight, Jr. was born on 22 August, 1945, in Woodbridge, New Jersey. It was a total disaster. When they came back, Id pulled the engine and transmission out of that to put it in my 55 Chevy, and I had lightened it up and put a blower on it, put the big slicks on the back, and I never will forget the look on my moms face when she saw that I had taken this brand new car and tore it all up into my hot rod. RKj: I called him up on the phone one day and said, Eugene Stoner? He said, Yes? I said, Im a guy, a gun nut. This website uses cookies. He is from American. What about current government programs? We have been able to take the ideas and the needs of a customer, and take those needs and to build solutions to those needs. RKj: Id probably have to. I had a milling machine and a lathe, and a couple of real sharp files. Knights isnt really known as a commercial firearms company; is that changing? I had my own range and my own targets as well as turning targets. Mr. Knight owns over 10,340 units of Diversicare Healthcare Services Inc stock worth over $2,776,869 and over the last 10 years he sold DVCR stock worth over $0.

I really dont know anything about sports. We used to make dune buggies and head down to the beach and go hunt turtles on the east coast of Florida. I built the Beretta 92s in 1978-79, and the special subsonic ammunition was in 1981-82. Knight tells a story of riding with his father one day when he said, Son, you can work 40 hours a week, and you may be able to make a living. There was a guy out in Texas who had quite a few of them. America was attacked as Knights Armament Company continued to grow. Amancio Ortega. His father, C. Reed Knight, Sr. was in the US Army Air Corps at the time flying B-25 bombers stateside as he had finished his pilot training in 1945 just as WWII ended. One of the things that I later found out is they didnt really want to sell the Iranians our best US anti-aircraft technology, but they wanted to sell the Shah good technology. Model As were cheap, very lightweight, and wed put big tires on them, strip them down to where theyd weigh almost nothing, and then drive right on the beach. I had a big pile of machine guns. The Knight Collection is one of the most important small arms collections in the world, and Reeds devotion to the study of small arms has helped the community in too many ways to count. In 1982, we won that contract, and delivered those suppressors to Crane Naval Weapon Support. I read some of the books about the subject and I started thinking about if I could ever find one of these Stoner 63s. That Houston show was the classic of all classics, our favorite at the time.

Knight:Pedro Bello knew Mitch, and I never will forget riding up with Pedro up to Georgia in his pickup truck. I have been able to find people that have the same passion that I do, or they have come to me. But, more importantly, I have real heartburn that you called me a Democrat.. Warren Buffett Net worth: $53.5 billion Source of wealth: Berkshire Hathaway 5.

The Customs guys thought we were in the antique business because of the flint locks and cap and ball guns. Favorite food: Steak Whod win in a Vickers/Lamb Running Man-style death match? I was funding all of my work out of my back pocket.

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. RKj: Not really. One of the things I did was I built an adjustable trigger stop that in the combat you would use a two-stage trigger pull, rather than cocking the hammer. .

Hey, sell us your rail system, and Big Army is going to buy it, and thats where you make your money. Especially on products like the Hushpuppy-type suppressor, because the sound is over such short period of time, but the peak of that sound is higher. Im sure somebodys thinking about it. Wow. [Laughs]. I call him up three weeks later and ask if theyve thought any more about selling me those guns. In the 40s and 50s, that was real common. After they put the pole barns up, I would get some tables with friends and go there to shop for firearms and parts we needed, and sell some Stoner 63s. He knew how to continue the manufacturing process.

I was not like Sam Cummings and the people who were really international-type people. I thought that I might build a gun one day and actually made 100 pre-1986 transferable Stoner 63As.

In a motorcycle accident. Maybe the side of my brain thats mechanical overrides the side of my brain that does the reading and the spelling and the other side. We had sold a couple dozen here or there in the past. why is today capitalized in hebrews 3:13; Tags . They wanted certain types of guns and certain types of ammunition, and I was kind of a go-to guy to get things for them. SAR: Reed, you talk about driving around off-road, plinking and shooting. The basic law change in 1968 was in fact going after concealable handguns and stopping interstate commerce in so-called Saturday Night Specials. Getting all the different models with all the alloy frames, the different concealed hammers and features sure was interesting to me. Citing information from Celebrity Net Worth, the article reports that Christopher Knight, who played Peter Brady, is worth an estimated $10 million. I also had a garbage company at that time, yes, before you jump on that Dan, I was actually a garbage man. I go in and say, Im Reed Knight, and Im here to look at some guns that youve got for Eugene Stoner..

Most of those 9mm MACs went overseas.

Were doing a lot of R&D. Foyt, and all those guys. You are here: dickies arena concert seating view; carolyn maunders; c reed knight net worth; March 27, 2023 . In the middle of the thing, I get in there and say, Besides this, were going to hold your feet to the fire, because you havent paid for the M16s., They say, What do you mean we havent paid for the M16s?. Back in those days I was building guns and shooting with wadcutter ammo, and we were shooting one-inch groups at 50 yards. Figure, 300 machine guns. Its not like Im just naming a price and theyre paying me. Mike Sutphin msutphin68@hotmail.com. I built all kinds of flashlight mounts, and converted a lot of already existing MAG lights to brackets and mounts that attached to guns. It was a USSOCOM purchase. They currently produce a variety of firearms, specifically AR-15 rifles. Net Worth Age Country; 1 Kanye West $1.8 Billion: 43 United states 2 Jay Z $1.4 Billion: 51 United states 3 Sean Combs - Diddy $885 Million . After serving six years in the National Guard, enjoying a decent run racing cars, even making it to the national Stock Car circuit, running a garbage company, and starting his own police supply store, Knight eventually founded Knights Armament Company in Vero Beach, Florida, in 1982. I was shooting about 50,000 rounds a year of .38 special ammunition and I had to reload that because it was so expensive. Camaros, Firebirds, Mustangs and the little Ford Cougars, they would all race the day before the Grand Am, before Richard Petty, A.J. And when they didnt get heat-treated they would blow up. If you want to come up to my place up in Port Clinton, Ohio, Ill entertain showing you the parts and pieces and what have you. It was late 1978, maybe into 1979. Some things in life stick in your mind vividly, and I remember this very well. I was a reserve police officer with the City of Vero Beach in 1969-70 or so. People generally thought there would be a confiscation. I didnt know I was getting ripped off. Its a form of dyslexia, and he basically could not read or write. I think it prevents you from becoming a true designer.

Experienced shooters knew how to hold the gun, knew how to shoot and what have you. [LAUGHS] No. January 26, 2023 by by c reed knight net worth. Firearms & Survivalists Lifestyle So, we did the deal. So, I was using the jet; he had three jets and five helicopters all this stuff that I was busy managing for him. Are you familiar with the Objective Individual Combat Weapon program? You must be kidding? 1. When the law changed, they took their guns and either gave them up or gave them to somebody else, or actually turned them in to the department, and let the department do the paperwork. I was about 16 years old when the Massey Ferguson deal happened. Yes. Some of the early matches were held in Florida. So, Stoner gets there in the room with me, and he says Colts never going to pay us because they havent paid him yet for the M16. In the MAC auction, the ATF had wanted all these machine guns and everything destroyed, and the bankruptcy judge said, No, these are legal to own and theyre guns that are manufactured, and they can sell these. The Bankruptcy judge had full control and if it was legal to sell, he was going to sell it. SAR: How long did it take to get the paperwork done from the auction? We spoke quite a bit in that period. SAR: Were some of those MAC 10s export models without a threaded barrel? Reed attended a number of colleges including Florida Southern, Bavard Engineering College in Melbourne, Florida, and Indian River Junior College in Fort Pierce, Florida. Bill Gates. I didnt have anything to register, so in 1968 I didnt make any. When the law changed in 68, it became Once a machine gun, always a machine gun. That changed the whole thing for everyone I knew. Stoner basically had the very, very first of the laser-tracking systems that he built on his Eagle system, and was quite successful at building this twin 35-millimeter, high-velocity anti-aircraft system. I dont know where he got them, but Colt sold a bunch of them.

Of course Mitch was walking around and just having a ball because the auction had all gone off so well and he was at odds with Military Armament Corp. Mitch had his M134 Minigun for sale at his house for $600, just the receiver, and I passed on that because I figured I could never get the parts. I leave him with a deposit, a check for $50,000. [laughter] I gave you ten cents apiece and you were darned happy. I researched all the companies that won the previous five bids. I was at a gun show and a friend of mine came over and gave me a barrel bag. Between 1965 and 1968, we road-raced Camaros at the Baby Grand Am the pre-runner to the Bush races. Everyone knew all the cast of characters in the business at that time. At that time, I was really focusing on my main work; I was in whats called the hedging and topping business, in the citrus business. [Laughs] But dont print that. She had me tutored for four years while I was in high school. He gave me the Form 4 paperwork, and I went and got the paperwork signed off immediately. Any thoughts on military procurement or the requirements process? In my first year of college I was on the ROTC rifle team where we used .22 caliber Remington 52s. Now I had the machine gun barrel and a rifle, and I was off on a quest. Reed Knight, Jr. running the Light Assault Machine Gun on the KAC test range in Titusville, Florida. Source of wealth: Microsoft. They had a conglomeration of 63s and 63As that were all hodge-podged, and they had mixed parts from 63s into the 63As and 63As into the 63s. The hard guns to get were the snub noses. His idea was to focus on what you know and make incremental changes as you go along instead of trying to do the whole thing at once. In those days that was pretty tall money, and the Shah had Stoners attention. Net worth: $6.9 billion, Source: . Well, he says, We talked to the attorney and maybe gun #1 is worth $50K., I said, It might be, but its not worth that to me. I never will forget sitting on the pit box and we had built this device that shook the rubber off the radiator because the radiator kept getting clogged up on the car, and Richard Petty walked by and saw it.

19, 2017. Trey:That was my first exposure to the firearms business, getting behind the counter and selling guns.

{Laughter} I just hadnt made up my mind what I really wanted to be when I grew up. They didnt have to be new in the box. Trey says I tricked the family that we were going on a family vacation and that is what I told them. The Shah said, I want you to get started on this program, and I want you to send me monthly reports, and I want you to tell me how far you are and keep me posted. Fly did all the weapons testing. All of those things, when you define them, and we all started using the same ruler to measure something it became so subjective so we could accurately understand the effects of our suppression techniques. I paid $600 for the package. OK, we can fix that. They call on the phone and talk to someone and say its fixed. I rebuilt a lot of transmissions and engines. SAR: In this same timeframe, you had been making some Stoner parts and gathering up whatever you could find, but you hadnt found any large caches yet. When Marcinko stood up at Dev Group, he basically picked five guys, including himself made six. SAR: It wasnt until 1981 that the suppressor parts were blocked from sale. Stoner said Ill send you a proposal, and they had a very nice, cordial meeting. There was a window of opportunity of about 45 days from when we knew the law was coming at us, to when it took effect.

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