![]() In December of 1959, Colt would begin producing a variant of Armalite’s rifle and designated it the Colt AR-15 Model 601. The procurement was arranged by the Baltimore Maryland law firm, Cooper-McDonald Company. for a sum of $75,000 plus royalties on the first production rifles. In 1959, Armalite Corporation sold the patents of the AR-15 rifle and corresponding gas system to Colt Mfg.
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