What’s Happening At FX Airguns USA?

Within the last week or so, there has been a large amount of speculation about what’s happening at FX Airguns USA. So what’s this all about? And why now?

Here I’ll try to provide some information that may help to give you a little background on the situation.

But first a few caveats…


Major Warning.

I have zero personal knowledge or “inside information” about FX Airguns or FX Airguns USA.

What I cover here is publicly-available information that anyone can find on the Internet.

However, please remember that – just because it’s published on the Internet – it may not necessarily be true. So I make no representation about the truth any of the information published in the links shown here, I’m just saying that you can read it online too.

Also, given that legal action is in process, anyone commenting on this article needs to be very careful what they say. If not, YOU could end-up being sued, too! HAM Community Moderators will delete anything that we feel is inappropriate for this reason.

Remember the legal process in the USA and most other countries works under the base assumption that any person (or entity) involved in legal action is innocent until proven guilty in a court of law – NOT the court of Social Media, television, airgun forums, our own opinion or anywhere else!

Finally, this is EXTREMELY complex and the situation is changing daily.


What Is FX Airguns USA?

FX Airguns USA has been the distributor and service center for products from FX Airguns in the USA since November 2017. You can read the announcement Press Release here.

Prior to this, FX Airguns had been distributed in the USA by Precision Airgun Distribution.


Why Now?

On October 3, 2023, a law suit was filed in the General Court of Justice, Superior Court Division, State of North Carolina, County of Wake. Case Number 2023CVS27939. In it, the plaintiff requests that a general receiver be appointed for FX Airguns USA, to take control of the company.

So now we have a court case and this is public record. We can all read it here: https://ncbc.nccourts.org/public/ You’ll need to type “FX” in the search box to find the case.

What’s Happening At FX Airguns USA?


What’s Happening At FX Airguns USA, According To This Case?

Court documents are shown in the “Dockets” tab. The “Complaint” is the document that outlines the plaintiff’s case against FX Airguns USA.

What’s Happening At FX Airguns USA, According To This Case? Court documents are shown in the “Dockets” tab. The “Complaint” is the document that outlines the plaintiff’s case against FX Airguns USA.

It’s a PDF file and you can read it. But be prepared, it is very complex and runs to no less than 63 pages. Get a coffee first!

One major allegation is that FX Airguns USA is in default to FX Airguns in Sweden for over $5.5 Million. There are many others as you’ll find out if you read it to the end…


Is FX Airguns USA Still Providing Distribution And Service Support In The USA?

My phone calls to the company were met with a recorded message stating that – due to the high volume of calls – they will send the caller a text message, to which you can reply.

However, the the FX Airguns corporate site lists Utah Airguns as the USA retailer, not FX Airguns USA.

Utah Airguns confirmed this on October 9, 2023 in Airgun Nation.


Is The $5.5 Million Plus Claim A Big Deal For FX Corporately?

Most airgun companies are small businesses. That makes it generally difficult to establish their financial situation. However a Swedish website gives information for FX Airguns AB (the Swedish company).

The most recent data presented here covers the year ending December 2021. Click on the “Closing Figures” tab for detail. (The figures are in Euros. Today 1 Euro converts to 1.06 US Dollars, so the numbers are very similar in Dollars, too).

This shows the turnover of FX Airguns AB to be about $30 Million in 2021, with earnings of about $6.8 Million.

So yes, most business professionals would probably argue that $5.5 Million represents a very significant claim for a company of this size.


But, It Gets Worse…

The court “Complaint” claims there’s multiple Millions more in exposure for FX Airguns USA in other ways too. Plus legal and accountancy fees add-up very fast, as everyone knows.


What’s Happening At FX Airguns USA In Future?

I have no idea! But given the complexity, I’d guess that this case will run for some time before there’s a resolution.


Is Element Optics Caught-Up In This Situation?

Dunno. It’s not mentioned, so maybe not.


Please Remember!

What I cover here is publicly-available information that anyone can find on the Internet.

However – just because it’s published on the Internet – it may not necessarily be true. Again, I make no representation about the truth of the information in any of the links shown here, I’m just saying that you can read it online too.

Furthermore, legal process in the USA and most other countries works under the base assumption that any person (or entity) involved in legal action is innocent until proven guilty in a court of law – NOT the court of Social Media, television, airgun forums or our own opinion!

Again, given that legal action is in process, anyone commenting on this article needs to be very careful what they say. If not, YOU could end-up being sued, too! HAM Community Moderators will delete anything that we feel is inappropriate for this reason.