September 13th, 2013

Remington Wins $79.7 Million USSOCOM Sniper Rifle Contract

remington PSR contract sniper rifleThe United States Special Operations Command (USSOCOM) has awarded the Remington Defense Division of Remington Arms Company, LLC (“Remington”) – a $79.7 million dollar Firm Fixed-Priced contract to provide up to 5,150 Precision Sniper Rifles (“PSR”) and 4.6 million rounds of precision ammunition. This is a major business win for Remington Defense, which already captured the U.S. Army’s $28M contract for 3,600 XM2010 enhanced sniper rifle systems. The value of the PSR and XM2010 contracts combined approaches $108,000,000 — that’s some serious money.

remington PSR contract sniper rifle

The PSR is a modular sniper system with the ability to shoot multiple calibers with barrels of various lengths. It will be delivered as a complete package, with multiple barrels, magazines, muzzle brakes, and suppressors. Remington Defense will utilize two other FGI companies in the production process. Barnes Bullets will produce ammunition and Advanced Armament Corporation (AAC) will manufacture muzzle brakes and suppressors.

The rifles delivered to USSOCOM will be very similar to the Remington Modular Sniper Rifle (MSR) Remington originally developed for the PSR contract competition. The MSR featured a beefy titanium receiver with the ability to handle multiple chamberings up to .338 Lapua Magnum. The MSR was designed from the ground up as a switch-barrel rig, with a floating handguard, and folding, adjustable buttstock. The whole system is modular. By exchanging bolt-face, barrel, and magazine, the gun can switch from .308 Win (7.62×51), to 300 Win Mag, to .338 Norma Mag, and to .338 Lapua Mag.

“We are proud to provide our military Special Operations Forces with top-of-the-line technology,” said George Kollitides II, Chairman and Chief Executive Officer of Freedom Group and Remington Arms. “This award not only represents a new era in precision sniper systems, but also proves that an American manufacturing company can … provide best in class weapons, ammunition, and suppressors to our troops defending freedom around the globe.”

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