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Army Resolves Final Price For Vietnam War M16 Rifles
Washington reports describe a quick procurement move to speed M16 rifle delivery. General Motors and Harrington & Richardson will receive 56 million and 42 million dollars respectively for 240000 rifles each to arm Vietnam and U.S. forces, with Colts increasing monthly output to 56000. A lower bid from Maremont was rejected. negotiations on final pricing proceed.
MENTIONED IN THIS ARTICLE
Washington
UPI
Army
Stanley R. Resor
Detroit
Pentagon
Coll
Vietnam
Reset
Motor Company
Richard] Ichord
Hchord
House Armedj
Aesur
General Motors
Hartington & Richardson
Harrington & Richardson
Maremont Corp
Saco
Maine
South Vietnam
Colts Industries, Inc
Hartford