SIG SAUER secures $306 million contract.

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SIG SAUER has secured a multi-year contract to provide pistols to the U.S. Army's Material Command. Company officials report the potential value for all quantities and the related customer support package is $306 million. The initial order of 55,890 units is to be released as the standard sidearm for the Colombian National Police force. Shipments are to begin immediately, with a second release of 42,000 pistols to follow.

Ron Cohen, president and CEO...

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