September 12, 2013
Madison, N.C. –The United States Special Operations Command (USSOCOM) has awarded the Remington Defense Division of Remington Arms Company, LLC (“Remington”) – a subsidiary of Freedom Group Inc. (“FGI”) – a $79.7 million dollar Firm Fixed-Priced (FFP) Indefinite Delivery Indefinite Quantity (IDIQ) contract to provide up to 5,150 Precision Sniper Rifles (“PSR”) and 4.6 million rounds of precision ammunition. This award is the result of full and open competition conducted by USSOCOM.
Remington Defense will serve as the system integrator for the PSR, which is a durable sniper system capable of providing accurate target engagement and modular capabilities in barrel length and caliber conversion. 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 breaks and suppressors.
Remington Defense already holds the U.S. Army’s $28M contract for 3,600 XM2010 enhanced sniper rifle systems. Remington Defense will be able to leverage its sniper management, workforce, and supply base to ensure the delivery of quality and highly-effective PSR systems.