Not rumor. Their engineers and managers are quoted in one of the big news articles from 2016...
Recoil article on .510 Beck
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The Magazine
Lancer Systems began development of the L12 AWM .510 Beck magazine by modifying its 7.62 L7 Advanced Warfighter Magazine. Turning the double stack .308 magazine into a single stack .510 was no easy task.
“The large diameter for such a long length really changes how a system feeds compared to a standard .223 or .308 round,” says Lancer System’s engineer Matthew Pettit. He explains the large round ends up in three points of contact as it’s fed. It’s in contact with the breech face, the top of the feed lips, and the top of the chamber at the same time. This contact robs the loading cartridge of energy, slowing it down and increasing the likelihood of a misfeed. Lancer’s mission was to overcome the round’s stubbornness and prevent it from getting hung up on its way into the chamber.
As with Lancer’s L5 and L7 mags, the L12AWM is a lightweight, polymer magazine with hardened steel feed lips. Lancer says its L12AWM is capable of reliably feeding a wide range of projectile weights, from a 327 gr. Controlled Chaos round, to a 680 gr. solid brass subsonic round, with future plans to increase projectile weights.
California-resident and hunter friendly 5- and 7-round L12 magazines will be available by fall, 2016 and we’re told Lancer may flesh out the line with an additional 10-round magazine.
“The L12AWM is the latest evolution in our magazine line, building off of the engineering and design that went into the L5AWM, L7AWM and SIG Sauer MPX hybrid magazines,” says Kas McManus, business area manager of advanced weapons & components at Lancer. “We’re proud to partner with Beck Defense on this project and introduce a hybrid magazine for the .510 Beck cartridge that is unlike anything else out there.”
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I mean, Lancer cut molds for it, and helped with the PR rollout, but things must have come apart, business-wise.
Beck Defense even had Starline making their brass for them.
I really wish this project had taken off.
Best,
JBR