Verney-Carron, a French firearms manufacturer based in Saint-Étienne, will be forced to file for bankruptcy, its parent company CYBERGUN says. The company was scheduled to file insolvency at a hearing on 12 February. To recapitalise CYBERGUN is now in search of an industrial partner who can help stabilise Verney-Carron. The company has two arms, Verney-Carron which specialises in production of sporting arms and Lebel, the company’s defense arm which produced a selection of AR-15, AR-10 and AR-9 pattern rifles.