As the name suggests this is the light weight version of the model 70 and is avlible in most common sporting calibers.

The legendary handling and quickness of the Model 70 Featherweight Deluxe is justly famous among hunters everywhere. The Model 70 action offers Pre-’64 style Controlled Round Feeding, a three-position safety and is highlighted by a jeweled bolt and knurled bolt handle. Inside is the new M.O.A. Trigger System, the finest trigger ever offered in a bolt-action with zero take up, zero creep and zero overtravel.

Like the original Featherweight, the angled comb walnut stock still features the Schnabel fore-end and satin finish with elegant cut checkering. A premium Pachmayr® Decelerator® recoil pad helps soak up felt recoil. It’s available in the most popular long and short action calibers, including WSM chamberings.

Available in .243, 7mm-08, .308, .270, 30-06, .300 Win Mag, .300 WSM, .270 WSM, .325 WSM

More here.