They have failed at every pistol Military contract they have attempted since they 80's.
Even if one believes this, recent history below indicates "failure?"
In 2018,
Colt won a $57 million contract to supply M4 carbines to Jordan, Morocco, Afghanistan, Senegal, Tunisia and Pakistan. That contract also came under DoD’s foreign military sales program.
September 20, 2019 The Colt Manufacturing Company was awarded a $41,924,594 firm-fixed-price foreign military sales contract to produce M4 and M4A1 carbines for 13 countries, the Department of Defense
announced Thursday, September 19, the same day the company announced it would temporarily stop producing civilian AR-15 semi-automatic rifles.
May 1, 2020 The Department of Defense (DoD) awarded a joint contract to Colt’s Manufacturing and FN America on April 29 to provide M16A4 rifles for foreign military sales to Afghanistan, Grenada, Iraq, Lebanon and Nepal. Estimated completion date is April 28, 2025, and the contract carries a total value of $383,311,941.
And Colt has returned with vigor to the civilian market with a plethora of worthy 1911 offerings and the new Cobras, King Cobras and Pythons.
Doubtful Colt will turn to plastic. Just my opinion, but seems the company had already righted itself and has been on a good track the past three or four years...