4/23/2012 UPDATED: 4/24/2012 Remington has announced that the company has been awarded an indefinite delivery/indefinite quantity contract for M4/M4A1 Carbines from the United States Army. The Army has initially ordered 24,000 M4A1 carbines from Remington, and deliveries will start in September 2013. Multiple reports, including one from Gannett's Army Times, have stated that the initial order of 24,000 is valued at over $16 million. The rifles will be manufactured at Remington's Ilion, N.Y. factory. The contract has a procurement maximum of 120,000, which the Army Times estimates would take the deal's value to over $80 million. Prior to the contract announcement, the Army had been receiving M4 Carbines from Colt. It is not yet known what repercussion's Remington's new deal will ultimately have on Colt's relationship with the military. For more information, go to ArmyTimes.com.
|
|
||||||
|
|









Comments
ADD YOUR COMMENT
Enter your comments below, they will appear within 24 hours
5 Responses to Remington Wins U.S. Army M4 Contract