Colt rifle was built by Saco who is in Maine. Saco coincidentally builds Weatherby Mk V's as well as military goodies. Colt purchased Saco the same year they came up with the Colt rifle, they also purchased ULA . Action was designed by Melvin Forbes and is similiar to the ULA action except it has a plastic follower, mass produced barrel , a different trigger and production rifle tolerances . The stock is a take off of the ULA design as well but it is of the injection molded variety. I have heard they shoot well although the trigger may or may not be adjusted as crisply as one would want. Colt went out of business because they overextended themselves plain and simple. Melvin Forbes had to start a new company called NULA because of this fiasco.