US Army Awards Remington Arms a Contract to Reconfigure M24 Sniper Weapon Systems
Madison, NC –-(Ammoland.com)- Remington Arms Company, Inc. (“Remington”), a member of the Freedom Group of Companies, is pleased to announce that the United States Army’s Joint Munitions and Lethality Contracting Center has awarded Remington a Firm Fixed Price (FFP) Indefinite Delivery/ Indefinite Quantity (ID/IQ) contract (W15QKN-10-R-0403) for the upgrade of up to 3,600 M24 Sniper Weapon Systems (SWS) currently fielded to the Army pending type classification as the “M24E1”.
The major configuration change for this system is the caliber conversion from 7.62mm NATO (.308 Winchester) to .300 Winchester Magnum to provide soldier’s with additional precision engagement capability and range.
The contract is for a five (5) year period and has guaranteed minimum value of $192K with a potential value of up to $28.2 million.
This award follows a full and open competitive evaluation lasting 9 months, which began with the release of the Army’s Request for Proposal (RFP) on 13 January 2010.
The program will be executed under the authority of Project Manager Soldier Weapons, Picatinny Arsenal, NJ, and managed by its subordinate unit, Product Manager Individual Weapons
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