Bad News, Metal Storm Close To Bankruptcy

Sometimes you get good news in the morning and sometimes not. This is one of those nots. The Firearm Blog reports that Metal Storm is approaching bankruptcy.

For those of you who don’t know Metal Storm it’s an Australian based company that developed a new feeding mechanism for firearms. Instead of having detachable magazines Metal Storm’s guns stack ammunition in the barrel. The ammunition has no casing instead it’s simply powder, bullet, powder, bullet, etc. Small electrodes are placed in the barrel where the powder lays. These electrodes ignite the powder sending the round on it’s way. The advantage to this was the capability to create a weapon with less moving parts and a much higher rate of fire.

They made some rather wicked machine guns and grenade launchers. It’ll be a sad day if they go under (down under?).