In September 1955 the board of directors voted to merge Colt with an upstart conglomerate called Penn-Texas, which had acquired Pratt & Whitney Machine Tool the same year the same year Colt released one of the most famous revolvers in history the Colt Python.
In September 1955 the board of directors voted to merge Colt with an upstart conglomerate called Penn-Texas, which had acquired Pratt & Whitney Machine Tool the same year. Also in 1955, Colt released one of the most famous revolvers in history, the Colt Python.