Freedom Group Leads in Gun Sales

In the 12 months that ended in March 2010, the Freedom Group, a new company created by the private investment group Cerberus Capital Management, sold 1.2 million long guns and 2.6 billion rounds of ammunition. Its rapid growth makes it a major player in the international arms market. In an in-depth report, the New York Times profiles the creation and growth of this new weapons behemoth. Stephen Feinberg, the founder and CEO of Cerberus, specializes in buying companies cheap, restructuring them and selling at a profit. In the first nine months of 2011, gun sales at the Freedom Group were up 5.6 percent.