Incorrect. In the 50s Armalite, a division of Fairchild Aircraft, was in competition to design the new combat rifle for the military. They came up with the AR 10/15. An automatic rifle. In 1959, Colt than bought the rights to both, and designated its model number c601, calling it officially the ArmaLite AR-15. You have the link to that because you often post the the beginning of that article, although you don't understand and don't read beyond the first para. Between them and the Government the name was change to M 16 and the NAME AR 15 was shelved. A few years later a civilian model was DESIGNED. I have posted the design changes for you often, and have done so today. They named it the AR 15 Sporter SP1.