The U.S. Army on Thursday awarded Sig Sauer a contract worth $580 million to make the next service pistol based on the company's P320 handgun.
Sig Sauer beat out Glock Inc., FN America and Beretta USA, the maker of the current M9 9mm service pistol, in the competition for the Modular Handgun System, or MHS, program.
"We are both humbled and proud that the P320 was selected by the U.S. Army as its weapon of choice," Ron Cohen, chief executive officer of Sig Sauer, said in a statement to Military.com here at SHOT Show, the world's largest gun show, taking place this week in the city.
"Securing this contract is a testimony to Sig Sauer employees, their commitment to innovation, quality and manufacturing the most reliable firearms in the world," Cohen added.
The Army launched its long-awaited XM17 MHS competition in late August 2015 to replace its Cold War-era M9 9mm pistol.