[jyl]

The Colt we are talking about here is "Colt Defense". They were the M16/AR15 maker. The handguns were made by a different company, "New Colt". The two companies separated in 2002, then were reunited in mid 2013. I don't know how much cooperation there was between Colt Defense and New Colt, but I assume some since they apparently shared some facilities.

Now that I think about it, when was the last significant new gun design that Colt developed? They didn't even develop the M16.