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May 20, 2024

Colt to make assault rifles for Army through $57M contract

SHAHRZAD RASEKH / CT MIRROR The outside of Colt Manufacturing Co. headquarters in West Hartford.

Legacy firearm business Colt’s Manufacturing Co. recently won a more than $57 million contract to make assault rifles for the U.S. Army, according to new reports from the U.S. Department of Defense (DoD).

West Hartford-based Colt's Manufacturing Co. last week was awarded a $57.2 million contract modification to produce M4 and M4A1 carbines. Work is expected to be completed Sept. 18, according to the DoD. Colt Manufacturing is a subsidiary of Czech holding company Colt CZ Group, which purchased the gun manufacturing giant in 2021.

Also last week, Coastline Consulting & Development out of Branford won a $13.6 million contract from the Navy to dredge the Portsmouth Naval Shipyard. Most of the work will be over the border from Portsmouth in Kittery, Maine, and will be completed in March 2025.

General Dynamics Electric Boat in Groton also recently won a Navy contract — $7.7 million to operate and maintain a government-owned floating dry dock through May 2025.

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