Per a DOD Press Release (CR-184-15) on September 25, 2015, Colt Defense and FN America have been awarded a $212M for a multi-year contract for the M4 and M4A1 platforms. This may be just what Colt needed to revive its financial difficulties.
“Colt Defense LLC, West Hartford, Connecticut (15QKN-15-D-0102); and FN America LLC, Columbia, South Carolina (W15QKN-15-D-0072), were awarded a $212,000,000 firm-fixed-price multi-year contract for M4 and M4A1 carbines for the Army and others, with an estimated completion date of Sept. 24, 2020. Bids were solicited via the Internet with six received. Funding and work location will be determined with each order. Army Contracting Command, Picatinny Arsenal, New Jersey, is the contracting activity.”