I have previously discussed the Ultimax 100 Mk4. This is the latest iteration of the Ultimax 100 design and is being entered into the IAR competition by General Dynamics, although it designed by Singapore Technologies Kinetics (STK).
Photos by SMGLee. Click to expand:

Quick Change Barrel

I like the design of the ambidextrous fire selector.
Compared to the Mk4 the Mk5 takes unmodified STANAG (M16) magazine, has quad rails and a bipod/foregrip rather than a separate bipod and foregrip.
I am not sure if the Ultimax 100 Mk4 100 round drum magazine will be made compatible with the Mk5. The Mk4 took modified STANAG magazines.

Ultimax 100 Mk 4

Ultimax 100 Mk 5
UPDATE: Defense Review has more info.
The Colt IAR is Colt’s entry in the Marine IAR competition for a lightweight automatic rifle to replace the SAW in certain situations. It is an interesting weapon.

Photos by SMGLee. Click to expand
Under the barrel you can see a hefty heatsink. This is used to prevent cook-offs (when the primer of a chambered round is ignited by a hot chamber). It weights 9.5 lbs and has a 16″ barrel.

It looks like the barrel may be be changed by simply removing the bolt you can see just in front of the magazine well.
Surprisingly the rifle/machine gun does not use a gas piston and uses the AR-15/M16 direct gas impingement system.
The above photo does show a Magpul PMAG but the Marines have specified that the IAR must be compatible with 30 USGI magazines, so it is unlikely the military will be adopting PMAGs, even in a limited role with the IAR.
Other IAR entries can operate with either an open bolt, in automatic fire, or closed bolt in semi automatic mode. This allows the accuracy benefits of a closed bolt with the heat reduction and reduced chance of a cook off of a closed bolt. I am not sure if this weapon has this feature.
Colt already have a lightweight automatic rifle, the Colt Automatic Rifle (CAR), which itself may meet the Marines requirements. I do not know if the Colt IAR has anything in common with the CAR, other than the shared AR-15 heritage.

Colt Automatic Rifle
UPDATE: Defense Review has more info.