The first carbines sold by Iver Johnson in Arkansas had the last markings used by The transition from New Jersey to Arkansas provided the new owners with parts, barrels, receivers, and entire carbines manufactured in New Jersey. Refer to the narrative at the bottom of this page. For further on intentions and experiments conduction at the Iver Johnson facility Imperato recalls the first big deal envisioned by the Arkansas buyers was making a new cartridge for the military's mainstay assault rifle, the M-16". In the Maissue of Arkansas Business magazine, "Iver Johnson Arms, a New Jersey firm that produced carbines, revolvers and target pistols, was purchased from Imperato with visions of landing lucrative government contracts. Conspicuously absent from this book is any mention of everything else produced and sold by With the specific intent of manufacturing M16 "fully automatic parts" that the CIA could not obtain elsewhere are not true. While it's possible the CIA had placed an order with Iver Johnson Arkansas for M16 parts, the allegations of the authors that Iver Johnson was purchased with funds arranged by the CIA The one and only original investor who appears he may have taken advantage of these loans was Phillip Lynn Lloyd. Keep in mind the down payment for Iver Johnson was $500,000 by eight separate investors owing an outstanding balance of $2 million, still owed in late 1986 (refer bankruptcy information below). In the years leading up to the purchase of Iver Johnson of New Jersey, Governor Clinton and Arkansas legislators had appealed to the Federal government and Small Business Administration for loans to attract businesses to Arkansas. One of the authors of this book was a conspiracy theorist, the other an ex Navy intelligence officer with a personal stake in the story. Manufacture of "full auto fire parts for the M16 rifles" for shipment overseas. The CIA is alleged to have reached an agreement with the buyers of the company for the Out of state businesses to Arkansas, funded the purchase and move of Iver Johnson Arms to Jacksonville, AR, for the Central Intelligence Agency. The authors claim The Arkansas Development Finance Authority (ADFA), using funds provided by the Small Business Administration to attract Another investor, Frank Lyon Jr.,īegan investing in the company with estimates of his investments varying between $6 million and $15 million ( Arkansas Business magazine, ).Ĭompromised: Clinton, Bush, and the CIA by Terry Reed & John Cummings was published in 1994. Their stock shares were purchased by Phillip Lynn Lloyd. The American Rifleman, April 1984 (likely authored during 1983)Īfter the purchase of Iver Johnson in 1982, at least three of the investors (Flake, Wallace, and Penick) soon wanted out for various reasons. Iver Johnson Jacksonville, AR management examining the New Jersey 1983 catalog foot rear building used for housing raw materials and a casting facility. foot long main building housing a manufacturing hall, storage, shipping & receiving, reception, sales, administrative offices, and an indoor range. All that remains of the original ordnanceįacility is Little Rock Air Force base, located a mile north of 2202 Redmond Road. Most of what today is Jacksonville, AR was within the boundaries of the Arkansas Ordnance Plant 1941-1946. miles) of what had been theĪrkansas Ordnance Plant (also referred to as the Jacksonville Ordnance Plant) from 1941-1946. This address was located on 27 acres of the original 6,895 acres (10.7 sq. BothĬorporations were located at 2202 Redmond Road in Jacksonville, AR. doing business as Arkansas Investment Castings. in Arkansas, followed on Jby Iver Johnson's Arms, Inc. On JPhillip Lynn Lloyd incorporated Iver Johnson Arms & Cycle Works, Inc. Post WWII Commercially Manufactured M1 Carbines (U.S.A.)įive Separate Companies in Different Times and/or Different Places
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