The original SWAT series weren't too bad, the quality is decent and they probably used decent steel at first too.
But now they are decieving. They mark USA and Hammer Forged 440C, but are actually made in China of 420J2 or 440A. The quality is decent, but they sell the knives for a lot more than they're worth. Some of their desgins are cool, and a real collaberations, but about a quarter of the products are very obvious knock off designs, and the other half are really reatarded. Their "Border Guard" series looks like Fury-type ****.
Another reason I avoid them is because they have retarded names like HRT, Border Guard, Homeland Security, Anti-Terrorist knife, Extreme Ops, Special Forces, etc.