It is real. It is not a part of the Schrade complex of companies bought by Baer from the Schrade family. It is from the George Schrade factory of Bridgeport, Connecticut, in its last years purchased by Boker USA, and defunct in 1958 when the switchblade law came into effect. Switchblades were the bread and butter of the Connecticut company, but they made lots of interesting low price point all metal knives like this one, the wire frame knives, and a line of stacked leather handle fixed blade knives.