$27,500 Rifle hits targets at 1000 yards

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$27,500 Rifle hits targets at 1000 yards

Post by BIGC » Wed Jun 12, 2013 10:57 pm

http://finance.yahoo.com/news/-27-500-g ... 51722.html
AUSTIN, Texas — A new company in Texas is selling a precision rifle with a unique technology that allows even an inexperienced shooter to hit a target 10 football fields away. The price tag is a staggering $27,500.

Tracking Point describes the weapon as a smartgun, with a trigger wired to the scope so that the gun won't fire until it's locked on the target that's been tagged.

"There are a number of people who say the gun shoots itself," said Chief Executive Officer Jason Schauble, a former Marine captain who was wounded in Iraq. "It doesn't. The shooter is always in the loop."

The TrackingPoint rifles, which are Wi-Fi enabled and have a color display so users can post videos of their shots on Facebook or YouTube, started shipping in May. Schauble said his company is on track to sell as many as 500 of them this year, to clients that he describes as "high net worth hunters" who want to kill big game at long range.

TrackingPoint claims that the gun took down a South African wildebeest at 1,103 yards, a company record.

The company also has a deal to sell about 1,000 of the guns to Remington, which is Schauble's former employer. But the Remington model will be less expensive, running about $5,000 each. TrackingPoint's total sales for the year are expected to be about $10 million.

Lifelong hunter and construction executive Bob Ellis is one client who raves about the rifle. "I have not shot anything like it ever," he said in an email to CNNMoney. "The distance and accuracy of the rifle is a big WOW!"

Founder and chairman John McHale is a serial entrepreneur who's started several companies that were ultimately sold to Cisco (CSCO), 3Com and Compaq, which was later bought by HP (HPQ). Early in his career he worked on weapons accuracy systems for tanks. The idea for TrackingPoint came to McHale while he was on African safari and frustrated by his inability to shoot a gazelle at 300 yards.

Schauble is well aware of the damage that guns can do. His right hand is partially paralyzed after he was shot with an AK-47 during combat in Iraq. He wears black "kill bracelets" commemorating dead friends. He admitted that TrackingPoint's technology is "controversial."

Government agencies contacted the company last year for a demonstration of the weapon at a shooting range at the Quantico Marine Corps Base in Virginia. But Schauble says that the Department of Homeland Security didn't express any concerns that TrackingPoint's weapon is more of a threat than existing firearm systems.

The FBI, Homeland Security and the Bureau of Alcohol, Tobacco, Firearms and Explosives all declined to comment to CNNMoney.

But the weapon has some "scary implications from a security perspective," said Rommel Dionisio, a gun industry analyst for Wedbush Securities.

"There are a handful of snipers who can hit a target at 1,000 yards. But now, anybody can do it," he said. "You can put some tremendous capability in the hands of just about anybody, even an untrained shooter."

Indeed, novice shooters from CNNMoney tried the gun and did hit targets 1,000 yards away.

What sets the TrackingPoint rifle apart is its high-tech electronic scope that automatically accounts for distance, gravity, wind speed, humidity, the rotation of the Earth and other variables that can influence whether a bullet hits its target.

The TrackingPoint scope allows the shooter to "tag" a target by placing a red dot on it within the crosshairs. Even when the safety is off and the shooter's finger pulls the trigger, the rifle will only fire when the crosshairs are locked on the red dot, making it relatively easy for even an inexperienced shooter to hit a target at long range.

Tracking Point charges from $22,500 to $27,500 for the different versions of its bolt-action rifle, which has a five-round magazine using .300 or .338 caliber ammunition.

Schauble hopes to land a contract with the U.S. military. He said that American soldiers could benefit not only from the long-range accuracy, but also the rifle's Wi-fi communications features.

"From a patriotic standpoint and as a veteran, I would love every soldier to be better armed today, and this technology could get them there," he said.
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Re: $27,500 Rifle hits targets at 1000 yards

Post by Eireguy » Thu Jun 13, 2013 12:30 am

It damn well better @ that price!

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Re: $27,500 Rifle hits targets at 1000 yards

Post by etownguy » Thu Jun 13, 2013 12:57 am

it is expensive but in the grand scheme it is no where near the most expensive. I have shot with people and know people that use $15-20,000 shotguns. for skeet/trap etc... in all honesty they do not give as much competitive edge over a 1,000 shotgun as this does over a $4,000+ dollar normal rifle.

will I be buying one... hahahahahahaha no.

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Re: $27,500 Rifle hits targets at 1000 yards

Post by guncrank1 » Thu Jun 13, 2013 12:58 am

It is called BS
Or a more professional term marketing


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Re: $27,500 Rifle hits targets at 1000 yards

Post by guncrank1 » Thu Jun 13, 2013 1:03 am

I will take two:-)


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Re: $27,500 Rifle hits targets at 1000 yards

Post by guncrank1 » Thu Jun 13, 2013 1:05 am

Technology will not replace shooter skill


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Re: $27,500 Rifle hits targets at 1000 yards

Post by justang1997 » Thu Jun 13, 2013 10:46 am

My question is what size target at 1000 yards lol. But seriously just about any old used .30-06 remington 700 with a scope is capable of 1000 yard hits. I can get those at yard sales for $300.
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Re: $27,500 Rifle hits targets at 1000 yards

Post by jackalo626 » Thu Jun 13, 2013 11:45 am

I have a Remington 597 for sale with a 3-9 power scope for sale right now at a third of the cost! Hahahaha

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Re: $27,500 Rifle hits targets at 1000 yards

Post by BIGC » Thu Jun 13, 2013 12:42 pm

justang1997 wrote:My question is what size target at 1000 yards lol. But seriously just about any old used .30-06 remington 700 with a scope is capable of 1000 yard hits. I can get those at yard sales for $300.
Is capable, but how many shooters are capable of 1k yard hits? I just thought the article was neat because of the electronics in the rifle which allow a lock on before firing...
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Re: $27,500 Rifle hits targets at 1000 yards

Post by justang1997 » Thu Jun 13, 2013 1:54 pm

Yeah it is neat. The Barrett bors system or whatever it was is similar and cheaper. It won't fire on its own tho.
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