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By: Rob Curtis
20-04-2012
Contracts
Breaking- US Army places order for 24,000 M4 Carbines with Remington
It was bound to happen. The US Army has been buying M4 carbines exclusively from Colt since 2002 (though the first Colt M4 contract was awarded in 1996). But, as of 18:20 today, Remington Arms has been added to that dance card. The question is whether Colt retained a portion of the contract. It appears they havent, but its hard to tell from the published documents.
According to the Department of the Armys Chief of Legislative Liaison, the Army today executed a delivery order on an existing contract to buy 24,000 M4/M4A1s worth $16,163,252.07. The order comes as line 001 on an IDIQ contract for up to 120,000 carbines worth $83,924,089.00. Though, the U.S. Army Contracting Command lists the Max Potential Contract Value $180,000,000.00. The rifles will be made at Remingtons factory in Ilion, NY, from the Colt technical data package and, by my math, will cost about $673 a copy. Thats a hell of a group buy price.
This news is just hours old, so Remington, and likely Colt, are still spinning up the PR machines. But, I spoke with two Remington Arms employees who confirmed the contract award but hadnt been cleared to make a statement on behalf of the company. I havent heard from Colt, yet. But I expect them to be fairly quiet until the protest period has ended.
** Any of you that were about to buy milspec parts for your guns, nows a good time. Im sure Remington is about to go on an OEM parts buying binge.
<broken link removed>
20-04-2012
Contracts
Breaking- US Army places order for 24,000 M4 Carbines with Remington
It was bound to happen. The US Army has been buying M4 carbines exclusively from Colt since 2002 (though the first Colt M4 contract was awarded in 1996). But, as of 18:20 today, Remington Arms has been added to that dance card. The question is whether Colt retained a portion of the contract. It appears they havent, but its hard to tell from the published documents.
According to the Department of the Armys Chief of Legislative Liaison, the Army today executed a delivery order on an existing contract to buy 24,000 M4/M4A1s worth $16,163,252.07. The order comes as line 001 on an IDIQ contract for up to 120,000 carbines worth $83,924,089.00. Though, the U.S. Army Contracting Command lists the Max Potential Contract Value $180,000,000.00. The rifles will be made at Remingtons factory in Ilion, NY, from the Colt technical data package and, by my math, will cost about $673 a copy. Thats a hell of a group buy price.
This news is just hours old, so Remington, and likely Colt, are still spinning up the PR machines. But, I spoke with two Remington Arms employees who confirmed the contract award but hadnt been cleared to make a statement on behalf of the company. I havent heard from Colt, yet. But I expect them to be fairly quiet until the protest period has ended.
** Any of you that were about to buy milspec parts for your guns, nows a good time. Im sure Remington is about to go on an OEM parts buying binge.
<broken link removed>