IIRC, Colt issued them in both .270 & .30-06 for only a few years. They were actually manufactured at Saco Defense Systems. 2,000 were made, but only 500 or so sold by Colt, before Colt recalled them for a bolt/firing pin defect. Saco refused to ship the remaining 1500 to Colt, supposedly due to non-payment, instead returning them to ULA.
The founder/inventor of the Ultra Light Arms Co (ULA), Melvin Forbes, closed ULA & later opened under New Ultra Light Arms Co (NULA), claiming that the recall was a bunch of B.S. - an excuse/CYA for the poor money management of Colt Mfg's management.
A forum community dedicated to the great outdoors and hunting enthusiasts. Come join the discussion about hunting, fishing, survival, archery gunsmithing, optics, reviews, accessories, classifieds, and more!