FN Awarded $92 Million Contract for M240s and Receivers

by
posted on June 15, 2021
** When you buy products through the links on our site, we may earn a commission that supports NRA's mission to protect, preserve and defend the Second Amendment. **
FN Awarded

FN America has been awarded a contract for $92 million to supply M240 machine gun variants and spare receivers to the Army. This is the company’s third sizeable agreement with the U.S. military in the past two years. Others include one for M4s signed early in 2020, valued at more than $119 million, and another in September for M249 SAWs ($78 million).

“The U.S. Army contract for the M240 machine gun was the first military contract FN was awarded, and the first to be produced from our production facility in South Carolina,” noted Mark Cherpes, president and CEO for FN America. “We’re incredibly honored to continue our relationship with the Army, supporting them with high-quality and reliable weapon systems for our servicemen and women.”

Terms of the latest contract run through 2026. The previous agreements end in 2024 and 2025.

FN has historically been one of the largest suppliers of small arms to the U.S. military. In addition to the M240 and its variants, the company currently holds other contracts for the FN Mk46, Mk48, Mk17, and Mk20 SSR for USSOCOM, and others.

The latest agreements were awarded while the Army was conducting the search and testing for the branch’s Next Generation Squad Weapon (NGSW) system that, in theory, could replace many of the small arms currently fielded. Final testing and evaluation is currently underway for the three finalists, which include submissions from SIG Sauer, Textron Systems and General Dynamics Ordnance and Tactical Systems. Each of the firearms still under consideration chamber a (as yet commercially unavailable) 6.8 mm cartridge.

By comparison, the M240 is chambered in 7.62x51 mm NATO. The general-purpose machine gun is derived from the FN MAG-58 and was adopted by the U.S. military in the late 1970s. It’s been in service since that time and if a 6.8 mm cartridge is ultimately adopted by the Army the M240 fleet could be adapted by a barrel swap. 

Latest

Magpul Hunter Lite Stock
Magpul Hunter Lite Stock

New for 2026: New Products from Magpul

Magpul announces new metal-magazines, new stocks and pistol frames.

New for 2026: Burris Veracity Riflescopes

The latest generation of Veracity scopes is available in a variety of 5X magnification ranges.

New for 2026: Springfield Armory 10-8 Performance Master Class 1911 Pistols

Springfield Armory and Lipseys have partnered to offer a highly custom 1911 with input from Hilton Yam.

New For 2026: Diamondback SDR-A

Following the release of its Self-Defense Revolver in 2024, Diamondback Firearms has now lightened its design and reduced the cost with the new-for-2026 SDR-A.

Rifleman Review: Walther Arms PDP F-Series 4-Inch

Walther Arms continues to expand its F-Series handgun line, a design initially developed for women but that has broad appeal across the firearm consumer market, thanks to its unique design elements and feature set.

Mossberg Expands Budget-Priced Maverick Line With Semi-Auto Model

As part of its International family of shotguns, Mossberg announced the introduction of the Maverick SA Semi-Auto, a versatile, value-focused semi-automatic platform built to deliver reliable performance.

Interests



Get the best of American Rifleman delivered to your inbox.