See the complete profile on LinkedIn and discover C REED'S . It was a total disaster. I said, Well, do you have any guns or anything to trade?. 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. I call him up three weeks later and ask if theyve thought any more about selling me those guns. What I really liked was drag racing, and I set four national records way back in the old days. It was mainly just for the history that was associated with it. 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. I called him and I said, Is this the Gene Stoner that worked for Cadillac Gage? And he said, No, this is the Gene Stoner that worked as a consultant for Cadillac Gauge, and I said, Well, Im repairing some of the Navy SEALs guns, and Im looking for parts and pieces, and is there any way that I can get any parts? He said, I have all that stuff, but Im down here in Florida. (Reeds son Trey has been quietly prodding his father on some issues in the Interview, and at this point Trey suddenly remembers this event and gets indignant.). Right after September 11th, USSOCOM came along and said You have to double your capacity because were going to be buying a lot of stuff. So, I went to the county commission in Vero Beach and said, I need to double my size. They said, Great, well fix you up. I was just a kid!
He said, Look, youre going to give us X number of dollars for the TDP and then youre going to pay us royalties.. Knight:I guess were always trying to identify what we want to be when we grow up. So if I wanted to buy an SR-25 that wasnt proof tested, would you sell me one? 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. This is also about when I went to the Knob Creek Machine Gun Shoot for the first time. My dad had an interest in arms and armor, and he took me to Europe where we bought a lot of antique guns and armor. Remember, I was selling it as a mount to hold a flashlight. Never heard of her. Broken bones: Wrist. I started doing research. The Beretta happens to be the gun of choice in this type system, because the barrel does not tilt, the action just goes straight back. In 1982, there was an RFP out on the street for suppressors for the M16s that the Navy was going to build, seems like it was 3,000 suppressors for the M16A1s. About two months later they came back to the colonel and he said, You know something?
I looked in the phonebook, and I found him in a little town just south of mine, just north of West Palm and south of Fort Pierce. I think people converted them afterwards. I built a few extra; I probably sold 100 other than that on the civilian market, and they were all stainless steel. The silencer had to meet certain thresholds of so many rounds a minute for such a period of time, had to be submergible, had to meet all the military Navy specs. SAR: You do have a tremendous passion for the history and technology of military small arms. I thought, I need to help make their load lighter. I noticed that in the pictures and on TV that they had taken their flashlight and taped it to their hand-guards with duct tape. PART 1 by SAR Staff August 2, 2022 in Articles, Articles by Issue, Interviews, Search by Issue, V12N5 (Feb 2009), Volume 12 By Dan Shea C. Reed Knight, Jr. was born on 22 August, 1945, in Woodbridge, New Jersey. Yes. Testing at that time was still based on the Frankfurt Arsenal-style testing. Larry Ellison Net worth: $43 billion Source of wealth: Oracle 6. Jonathan Ciener was there at the auction.
Trey started working there when he was 11 or 12 or so. Some of these I altered for slidelocks and suppressors. He is from American.
Most of those 9mm MACs went overseas. All rights reserved. Net Worth: $67 B . Mike Lookinland is an American actor who has a net worth of $2 million. It wasn't wealth, though his family provided him with love and comfort. Because I have to track that gun down and make sure it wasnt tested. Net worth: $6.9 billion, Source: . I had some traveling buddies, Pedro Bello, John Ciener, the local cronies that were gun nuts. Reed attended a number of colleges including Florida Southern, Bavard Engineering College in Melbourne, Florida, and Indian River Junior College in Fort Pierce, Florida.
How many had stainless slides? I had the parts in stock, and I put all their guns back together. His deal with me was he didnt want any money, he just wanted me to pay for the jet fuel, and pay for his plane and the stuff he played with. [Laughs] But dont print that. They sure didnt know they were going to be worth $10,000 or $20,000 apiece. I saw the end of the machine gun world coming and like everyone else I built whatever I could. 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 our first major suppressor contract.
Roger Cox from Law Enforcement Ordnance Corporation advertised a Stoner 63 and in 1974, for $1,700, I bought my first Stoner 63. c reed knight net worth. So I said, OK, lets just make a really high down payment because he only got $50K for the TDP on the M16. I was at a gun show and a friend of mine came over and gave me a barrel bag. Then, two or three months later Stoner call me up and says, Youre not going to believe, this, but I just got a big check from Fairchild from our meeting that we had up there. Colt went ahead and paid him all the royalties they owed him. I think it prevents you from becoming a true designer. I grew up in an environment where people had respect for the past, and the details and the discipline of collecting. It was mismatched too. I think it was a company called Swift Shops that did that later as they were going to export MACs and no threads for silencers were allowed. Right time, right place. And then we can scale down the grenade to whatever size we need to maintain performance.. The early years of this were all pretty wild. And theres definitely some slack time now. They didnt have to be new in the box. I also went all over the country looking for parts and pieces for the government. steve liesman political affiliation. RKj: Anyway, weve been proofing guns and receivers since 1903. I bought one for each one of my kids. In a motorcycle accident. My dad is like that, also. I go into this big conference room and over in the corner is a closet.
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. The RAS (Rail Adapter System) was an almost concurrent requirement. Do you hunt? Knight:I guess from the very beginning my earliest memories were of taking things apart. Im pretty close to what you say. Fred Rexer was there, and Fred came over to me and he looked me in the eye and said, Who in the hell are you, and why in the world would you buy those machine guns? And I said, I just did it because I could. He was mad because he had put in a full bid for everything and individually everybodys bid ended up being more than his total bid. Ive been at Colt; Ive got the guns from Colt; Ive got the stuff. This is after 1986, but I knew enough to pick the pre-ban guns So I gave $200 a piece for M16s, and today theyre worth, what, $25,000 each? 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. We werent interested in making the cars original; we were making them into what we wanted out of them. They started off, and they sold a few, but when it really got in the heat of things, when they were really trying to move them, they would put a pallet of 100 on the floor, and say, We are not going to take one dime less than $600. I dont mean $600 apiece; I mean $600 for the 100 MACs. 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. 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. 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 suggest you go find yourself a job that you like doing because youre gonna be spending a lot of time at it. {Laughter} He was pretty close to on-target with me. I was collecting that stuff just to keep it, to supply parts for the Navy SEALs, to have inventory. Knight:Yeah. Just stops. But some of them had electroless nickel, and some of them had nickel. I built flashlights that went on the side of the rifle. Every day. They tested it and said, It didnt do any better than the RIS. That was a shock.
I had no idea that this thing was ever going to be used for holding anything other than a flashlight. c reed knight net worthmemorial high school tulsa dress code. 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. Did you know the flash hiders for the M-16 rifle went to bid about 10 years ago? SAR: Did you keep any for bookends? SAR: Did you go there when it was tents outside, or when it was the pole barn? SAR: Reed, here we are in the early 1980s, and youre running a bunch of different, diverse businesses that dont have much connection to each other. There were 60,000 plastic ones built, and 3,000 aluminum frames, and probably not more than two dozen nickel ones. I told my dad at the time that I liked guns, and he said, Well, I guess you better find a way to make a living playing with guns. Im one of the very fortunate few people that have managed to make a living out of my hobby.
He said, Well, son, I really like that idea. I rebuilt a lot of transmissions and engines.
{Laughter}. It was my gun. 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? That one piece of gear has made more difference in people qualifying in military shooting than any other piece of gear that Ive ever seen come through here.. Im competing against people who dont even know what they dont know. I dont know where he got them, but Colt sold a bunch of them. Knight:I actually worked there too, that was my day job. So I knew everybody at Colt, and they knew me, and theyd been down to my factory and I had a relationship with them that was a very good and strong. Net Worth in 2023: $1 Million - $5 Million: Salary in 2023 . The 20mm launcher on the XM8 that was the OICW. They owed me money. Warren Buffett Net worth: $53.5 billion Source of wealth: Berkshire Hathaway 5. I had a retail store at 3801 Okeechobee Road in Fort Pierce, Florida. I found out that this guy Gene Stoner had invented a gun that was called a Stoner 63. My dad would bring home bags of quarters, and Id sit down watching TV with a bag of quarters and going through separating them. 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. RKj: Yeah. I was not like Sam Cummings and the people who were really international-type people. Knight traces his family back to the Jamestown settlement in 1617. 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. But I do see the commercial market helping us keep the machines busy when theres slack time. I was chasing Stoner parts. The ATF would not let them sell any of the parts for the silencers and they made them destroy those.
At that time he had just gone to Iran and sat down with the Shah, who said, We want an anti-aircraft gun to shoot down those Iraqi aircraft. Stoner said, I can build you a gun, and I can build it for anti-aircraft work, and the Shah asked how long it would take. Ron Martin bought all the MAC11 .380s which went for $50 each and InterArms bought almost all of the 9mm MACs. 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. We developed the RAS, and spent another $250-300,000 developing that product. People generally thought there would be a confiscation. So little does he know that those guns ended up being worth 10 times what we ever got paid for the deal . Were gonna build you a widget, its gonna be our widget, were going to build it for you, youre going to pay us for it, and were going to move on down the road. Charles Koch Net worth: $34 billion. Knight with a display of AR-10 series rifles in the Knight Collection, the precursor to The Institute of Military Technology, which now houses Knights impressive collection in Titusville, Florida. The material they built the wipes out of, there were big sheets of that, and they made them destroy that. I leave him with a deposit, a check for $50,000. I thought, Thats not going to stay lined up and its going to hit on doors, and it makes the rifle bulky. I thought, What if we had a way to put that flashlight on and off the gun easily and compactly? I played around a little bit with what we called the Lego, nicknamed after the toy company product that allowed you to clip things together. Im not sure what she said or did, but my mother persuaded my third-grade teacher to graduate me to the fourth grade. Its not like Im just naming a price and theyre paying me. Because I could expense it and he couldnt. According to various online resources (Wikipedia, Forbes, IMDB), the most popular American businessman Phil Knight's estimated net worth is around $50 Billion. Youre going to have to take those guns.. OK, the one we saw had a silver slide, but it was tough to tell forsure looking through a glass case. In my first year of college I was on the ROTC rifle team where we used .22 caliber Remington 52s. The Customs guys thought we were in the antique business because of the flint locks and cap and ball guns. Some employees would feed them, and when you feed them they get very aggressive, because they have no fear. Im sure that everybody that Marcinko had, Charlie tried to steal, and everybody Charlie had, Dick tried to steal.
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 wasnt wealth, though his family provided him with love and comfort. 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. This website uses cookies. SAR: This is the same timeframe you started working with Dick Marcinko? When he first heard about it, [the Army was] basically developing a rifle and grenade launcher. It was so successful that Massey Ferguson came over and used the idea, and every tractor since then has that same clutch pack that I had altered. 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. 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