From Wiki:
On 21 April 2012, the U.S. Army announced to begin purchasing over 120,000 M4A1 carbines to start reequipping front line units from the original M4 to the new M4A1 version.
The first 24,000 were to be made by Remington Arms Company. Remington was to produce the M4A1s from mid-2013 to mid-2014.[20] After completion of that contract, it was to be between Colt and Remington to produce over 100,000 more M4A1s for the U.S. Army.
Because of efforts from Colt to sue the Army to force them not to use Remington to produce M4s, the Army reworked the original solicitation for new M4A1s to avoid legal issues from Colt.[21] On 16 November 2012, Colt’s protest of Remington receiving the M4A1 production contract was dismissed.[22]
Instead of the contract being re-awarded to Remington, the Army awarded the contract for 120,000 M4A1 carbines worth $77 million to FN Herstal on 22 February 2013.[23][24] The order is expected to be completed by 2018.[25]
Colt has a real knack for stepping on their ****.
Colt is run by a collection of a special kind of idiot.