Looks like Colt has a guardian angel in Washington. From today’s DOD contract announcements:
Colt Defense LLC, West Hartford, Connecticut (15QKN-15-D-0102); and FN America LLC, Columbia, South Carolina (W15QKN-15-D-0072), were awarded a $212,000,000 firm-fixed-price multi-year contract for M4 and M4A1 carbines for the Army and others, with an estimated completion date of Sept. 24, 2020. Bids were solicited via the Internet with six received. Funding and work location will be determined with each order. Army Contracting Command, Picatinny Arsenal, New Jersey, is the contracting activity.
It’s not surpring that Colt Defense submitted a winning bid, since I expect it’s very difficult to underbid a company as desperate as one in bankruptcy, and Colt historically has had a lot of political influence.
Thanks to Daniel for the tip!