The Walther LGR air rifle was developed by the German arms manufacturer Carl Walther GmbH Sportwaffen as a high end match rifle for 10 metre air rifle competition shooting. The LGR was the first match air rifle that employed the then futuristic single-stroke pneumatic method as power source. This use of pre compressed air introduced the advantages of recoilless and vibration free shooting in combination with a well-made air rifle into the sport. It took other manufacturers a decade before they also introduced single-stroke pneumatic match air rifles.

Carl Walther GmbH Sportwaffen, or simply known as Walther, is a German firearm manufacturer, and a subsidiary of the PW Group. Founded by Carl Walther in 1886, the company has manufactured firearms and air guns at its facility in Germany for more than 100 years. Walther Arms, Inc. is the United States Walther business unit and is based in Fort Smith, Arkansas.