Hard to believe that they would just shut down! edge. Knight Rifles Goes Under | Field & Stream Knight Rifles Goes Under From Shooting Illustrated Guns and Hunting: During the recent NRA Annual Meetings, Americanrifleman.org/Americanhunter.org learned that Knight Rifles is closing its doors after 24 years as a key American firearms manufacturer. That news was confirmed late last week via an announcement from Modern Muzzleloading, Inc., a related subsidiary under corporate parent, Pradco Outdoor Brands/EBSCO. The press release stated, “The decision to close the Knight operation resulted from an overall industry downturn.” Reportedly Knight sales had declined sharply in recent years and efforts to sell the brand and company assets were unsuccessful.