Remington Arms has been awarded a firm fixed price (FFP) indefinite-delivery / indefinite-quantity (ID/IQ) contract by the US Army to upgrade 3,600 M24 sniper weapon systems (SWS).
Under the contract, Remington will configure the calibre conversion from 7.62mm Nato (.308 Winchester) to .300 Winchester Magnum.
The upgraded configuration will provide the soldier with additional precision engagement capability and range.
The five-year contract, awarded by the US Army's Joint Munitions and Lethality Contracting Center, has a guaranteed minimum value of $192,000 with a potential value of $28.2m.
The contract will follow a nine-month open competitive evaluation that began in January 2010 and will be executed by project manager soldier weapons and product manager individual weapons in New Jersey, US.