It was announced on Friday that Uncle Sam will be giving Colt Defense and FN America a $212 million joint contract to furnish the U.S. Army with rifles!
The contract, which as mentioned is worth $212,000,000, is a firm-fixed-price multi-year contract for M4 and M4A1 carbines for the “Army and others,” and has an estimated completion date of Sept. 24, 2020.
Apparently, a total of six bids for the job were received and Colt and FN came out on top.
Details on the deal were sparse and it’s not exactly clear how the money will be split up between the two manufacturers, but it has to be great news for both, well, specifically Colt, which has struggled to make ends meet and recently filed for Chapter 11 bankruptcy protection.
More on the M4 from Army-Technology.com:
The M4 carbine is a compact variant of the M16A2 assault rifle. Manufactured by Colt Defense, the M4 is a preferred weapon for the US Armed Forces and 21st century war-fighters.
The weapon delivers superior performance and accuracy for the joint coalition forces conducting the most challenging combat missions. The performance of M4 has been proven across the world in military operations, including combat actions in Afghanistan and Iraq.
The US Army has acquired a total of 500,000 M4 carbines since the M4 series was introduced in 1993. The M4 was also exported to the US allied forces and Nato nations as part of foreign military sales (FMS) packages.