On October 21, 2026, Smith & Wesson Brands, Inc. (NASDAQ: SWBI) announced it had completed its acquisition of Savage Arms, one of America's oldest and best-known makers of hunting and target rifles. The deal joins a company famous for handguns with one famous for bolt-action rifles, and it is one of the biggest shifts in the U.S. firearms industry in recent years. Whether you hunt, compete, own Savage rifles, or follow SWBI as an investment, here is a plain-English breakdown of what was ann …