” After a lengthy back-and-forth bidding war between Colt and Remington, one that would eventually involve the Government Accountability Office and the threat of a Congressional hearing, F.N. Herstal has won the contract to update and replace the Army’s aging rifles.
In April of 2012, Remington finally broke the chain of Colt contracts with the U.S. Army, placing an $84 million bid for a run of 120,000 M4A1s, with 24,000 carbines to be delivered starting September of this year.
The cost per Remington M4A1 was just $673 per. Their bid severely undercut Colt’s previous contract, which priced the rifles at over $1,200 a piece.
FN’s contract with the Army is $77 million for the first 120,000 rifles, which works out to a bottom line of just under $642 per M4A1. These will be manufactured at FNH USA in South Carolina along side the M16A4s and M249s FNH USA currently produces for the U.S. armed forces.”
- Oops Didn’t Work Out for Colt (tarpon.wordpress.com)
- FNH Lands Army M4 Contract, Underbids Colt, Remington (guns.com)