May 4, 2012 | last updated June 1, 2012 2:21 pm

CT's Colt Defense protests $84M Army bid loss

West Hartford's Colt Defense LLC is formally protesting its recent loss of an $84 million Army contract to a competitor, reports.

In awarding the lucrative contract for 70,000 to 100,000 rifles, the Army Contracting Command preferred the bid of Remington in Ilion, N.Y.

That prompted Colt Defense to file a protest of that award this week with the Government Accountability Office, reports on its Web site.

As federal dollars shrink, these types of protests are increasing, the online paper reports, citing the GAO.

GAO determined that government contractors filed 2,353 protests in the 2011 fiscal year. That's up almost 19 percent from the 1,989 cases filed when federal contract spending peaked in 2007.

The impact of the lost contract on Colt Defense and its employees is unknown, reports. The company did not return several calls seeking comment.


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