Remington Arms secured a contract with the U.S. Army to deliver an unspecified number of carbines to key American allies. The fixed-firm-price contract is worth just shy of $24.5 million dollars.
“Remington is proud of our continuing contribution to public safety and our nation’s national security priorities worldwide,” said Remington in a statement. “We look forward to continuing our daily dedication to the design, production, and delivery of the highest quality military and law enforcement products for our public safety officers, warfighters, and allies alike.”
This is a shot in the arm for the long-suffering American manufacturer. Remington’s reputation and quality began to suffer after failing to land major U.S. military contracts starting a few years back.
Neither the Army nor Remington is indicating who will receive the contract. It could be any number of armed forces or security services from the Middle East to the Pacific Islands.
Remington produces a number of rifles that could fit the bill but chances are the order is for M4- or M4A1-pattern carbines, which are the most commonly issued.
The solicitation for the contract went out earlier this month. Colt and FN America also placed bids but ultimately Remington landed the deal.
It’s fair to say many at Remington are looking forward to this contract and hope that it will lead to more. Due to leadership changes and quality control issues it will take more than faith in the brand for consumers to return to Remington in numbers.
Remington filed for bankruptcy earlier this year and quickly emerged after restructuring its debt. In recent years Remington accrued around $950 million in debt.
The company’s been focused on consumer-oriented products including high-end and semi-custom competition pistols, but companies this large need more. Government and agency contracts like these can help them out when individual sales are low.
It can also help bolster a company’s reputation. Despite Remington’s problems many people are considering returning to the company now that the company has undergone so many changes. They are, after all, an American icon.