EXHIBIT 99.1

[LOGO] STURM, RUGER & COMPANY, INC.
       SOUTHPORT, CONNECTICUT 06890 U.S.A.

                                                           FOR IMMEDIATE RELEASE

              STURM, RUGER & COMPANY, INC. ANNOUNCES THE REPURCHASE
                    OF 357,000 SHARES OF ITS COMMON STOCK IN
                           THE FOURTH QUARTER OF 2008

      SOUTHPORT, CONNECTICUT, January 8, 2009-- Sturm, Ruger & Company, Inc.
(NYSE-RGR), today announced that during the fourth quarter of 2008 the Company
repurchased 357,000 shares of its common stock for $2.4 million in the open
market, including 309,000 shares repurchased in October 2008 and 48,000 shares
repurchased in December 2008. These repurchased shares represent 1.8% of the
outstanding shares as of the beginning of the fourth quarter of 2008. The
average price per share repurchased was $6.74. These repurchases were funded
with cash on hand.

      At December 31, 2008, $4.7 million remains authorized and available for
share repurchases and 19.1 million shares remain outstanding.

About Sturm, Ruger

Sturm, Ruger was founded in 1949 and is one of the nation's leading
manufacturers of high-quality firearms for the commercial sporting market.
Sturm, Ruger is headquartered in Southport, CT, with manufacturing facilities
located in Newport, NH and Prescott, AZ.


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      The Company may, from time to time, make forward-looking statements and
projections concerning future expectations. Such statements are based on current
expectations and are subject to certain qualifying risks and uncertainties, such
as market demand, sales levels of firearms, anticipated castings sales and
earnings, the need for external financing for operations or capital
expenditures, the results of pending litigation against the Company including
lawsuits filed by mayors, attorneys general and other governmental entities and
membership organizations, the impact of future firearms control and
environmental legislation, and accounting estimates, any one or more of which
could cause actual results to differ materially from those projected. Readers
are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date made. The Company undertakes no obligation to
publish revised forward-looking statements to reflect events or circumstances
after the date such forward-looking statements are made or to reflect the
occurrence of subsequent unanticipated events.


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