FN Awarded $383M Foreign Military Sales Contract for M16A4 Carbines

By Jim Grant

McLean, VA -(AmmoLand.com)- FN proves that reports of the M16’s death have been greatly exaggerated. Sure, the full-size intermediate caliber rifle may have been phased out of US military service years ago, but other countries are seeing the value of the rifle. Which, given its increased ballistic efficacy when combined with 55-grain M193 rounds, isn’t truly surprising. Still, one might imagine the market for full-sized Stoner rifles would be somewhat limited given how many are in circulation. Evidently, they’d be mistaken – FN just announced a five-year, 383-million-dollar contract to build M16A4 rifles. Check out the full details below in the official release.

FN America, LLC is pleased to announce that the company has been awarded a five-year, firm-fixed-price Foreign Military Sales (FMS) contract to supply M16A4 carbines through the U.S. Army. The contract was a split award with another company and has a potential value of up to $383 million.

Throughout its history, FN has been one of the largest suppliers of small arms to the U.S. military. In addition to the M4 and M4A1, the company currently holds contracts for the FN M240 medium machine gun and …Read the Rest

Source:: AmmoLand