World War II
During the early days of America's involvement in World War II, Pedersen formed a company with the Irwin family, who owned successful furniture manufacturing concerns in Grand Rapids, Michigan. The Irwin-Pedersen Arms Company in that city was capitalized for $1,000.000.00, by the brothers Robert and Earl Irwin. Primarily through Pedersen's contacts in the Ordnance Department, the Irwin-Pedersen Arms Company received a contract to manufacture over 100,000 M1 Carbines to be produced at the rate of 1,000 per day after the Grand Rapids factory was tooled up and in full production.
Unfortunately, due to faulty management and a host of other difficulties, the company failed to achieve mass production and produced slightly over 3,500 M1 Carbines. None of these carbines met Ordnance Department standards and thus none were accepted for the military. In March 1943, the Ordnance Department cancelled the contract it had with the Irwin-Pedersen Arms Company. The Irwin-Pedersen's production facilities were taken over by another contractor, Saginaw Steering Gear Division of General Motors, on April 1, 1943. Today, Irwin-Pedersen M-1 Carbines are among the rarest versions of the M1 Carbine and as such, I-P Carbines usually command premium prices in collector's circles.
Read more about this topic: John Pedersen (arms Designer)
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