COLT CONTINUES: Pauses Civilian AR-15 Market For Military Contracts.
The statement also explains the company has a number of high-volume military contracts and that their entire rifle production capacity is needed to fulfil these orders.
This is something which Colt has done in the past when completing large scale military contracts.
The statement follows the news that the company has been awarded a $41,924,594 firm-fixed-price contract to provide M4s to more than a dozen countries through US Department of Defense foreign military sales.
While the number of rifles to be produced is not specified the completion date is set for 18 September 2024, and depending on per rifle cost may run to between 50-70,000 rifles, not to mention earlier M4 contracts recently awarded to Colt.
The statement also explains the company has a number of high-volume military contracts and that their entire rifle production capacity is needed to fulfil these orders.
This is something which Colt has done in the past when completing large scale military contracts.
The statement follows the news that the company has been awarded a $41,924,594 firm-fixed-price contract to provide M4s to more than a dozen countries through US Department of Defense foreign military sales.
While the number of rifles to be produced is not specified the completion date is set for 18 September 2024, and depending on per rifle cost may run to between 50-70,000 rifles, not to mention earlier M4 contracts recently awarded to Colt.