Remington Arms -- the nation's oldest continuous manufacturer of firearms -- is preparing to announce it will replace the triggers on almost 8 million rifles, CNBC.com is reporting.
The weapons in question are Remington Model 700 bolt-action rifles. They are one of the most popular hunting weapons in Alaska and the rest of the U.S.
Remington has for years been fighting accusations the triggers are faulty and that because of a design defect the Model 700 can fire inadvertently without the trigger being pulled.
CNBC.com reports that the deal to retrofit millions of rifles with new triggers comes as part of an out-of-court settlement Remington has reached with plaintiffs in a class-action suit.
The Alabama-based company has long disputed the accusation the triggers are faulty, but according to CNBC, the company has agreed to "to replace the triggers in about 7.85 million rifles."
... Remington has already recalled both Model 700 and Model 7 rifles manufactured between May 1, 2006 and April 9, 2014 to replace triggers.
But the latest action would massively expand the number of guns affected. The Model 700 has been in production since 1962. The Model 7, a variation on the Model 700, was introduced in 1983.
If you have one of these rifles, stop using it immediately.