quote:

Smith & Wesson still feels the wound it suffered two decades ago when it decided to invent smart guns.

The idea was to invest heavily in the development of personalized weapons that could be fired only by a single person: the gun’s owner. This was considered a nearly science-fictional proposition in the late 1990s, years before the world was filled with smartphones and finger sensors. But consumer backlash against the project drove the gunmaker to the verge of ruin, and Smith & Wesson recently told shareholders that the corporate bleeding touched off by this long-ago episode has never fully stopped. “Sales still suffer from this misstep,” the company said in a February filing with the U.S. Securities and Exchange Commission.

The ordeal also didn’t lead to technical breakthroughs, and Smith & Wesson never brought a smart gun to market. Nor has Sturm, Ruger & Co., Remington, Colt, Winchester, Mossberg, or Glock. It’s not clear that any other major gunmaker has seriously tried.

No one involved can quite agree on who’s to blame for the standstill. Gun manufacturers fault difficult-to-navigate technology. Investors and entrepreneurs are sure that restrictive legislation has created a dead end. Politicians blame each other.

Nobody blames the free market. Nearly half of gun owners in the U.S. would consider buying a smart gun, according to a Johns Hopkins University study. (Michael R. Bloomberg, founder of Bloomberg News parent Bloomberg LP, is a donor to groups that support gun control.) The promise of guns that can be used only by one person is that there will be fewer fired by accident or by someone who shouldn’t have access to a gun, and fewer sold on the black market.

This is the story of why the multibillion-dollar American gun industry hasn’t yet managed to make guns any smarter.