PIP kit info:
http://afsf.lackland.af.mil/Organization/AFSFC/SFW/org_afsfc_sfwc_news1.htm
http://www.e-publishing.af.mil/pubfiles/913aw/23/913awi23-211/913awi23-211.pdf
COLT's 1998 contract:10 -- M16A1 RIFLE MODIFICATION KITS, NSN: 1005-01-234-2252 POC Contract Specialist: Teresa Stottlemyre, (309) 782-4626, Contracting Officer: Milton E. Wynn, III, Major, USA, (309) 782-3387 CNT DAAE20-98-C-0113 AMT $18,148,960.00 DTD 062698 TO Colt's Manufacturing Company, Inc., P.O. Box 1868, W. Hartford, CT 06144-1868 Posted 06/26/98 (0177)
http://www.fbodaily.com/cbd/archive/1998/06(June)/30-Jun-1998/10awd001.htm
Kit, Mod, M16 (Rifles and Carbine Team, AMSTA-LC-CSIR). This modification kit converts a M16A1 Rifle to the M16A2 Rifle configuration. The improvements include: strengthened plastic handguard, rifle stock, and pistol grip to increase durability of the weapon, interchangeable handguard halves, muzzle brake compensator which reduces the raise or jump of the muzzle when fired, a burst control device limiting the automatic fire to a maximum of three rounds per trigger pull, and adjustable rear sight and square front sight post for a more distinct sight picture, a brass deflector to prevent hot brass cartridge casings from hitting left-handed shooters, and a stronger barrel reinforced with additional metal and a change in the twist ratio of the bore to accommodate NATO standard 5.56mm ammunition. http://tri.army.mil/LC/CS/csi/satoc.htm
I have a list some where of the NSN and CAGE codes for the kits. Known manufacturer of the Kits are FN, Colt, SACO. I've also seen Eagle Arms marked kits in the hands of Airforce units....not sure if these were purchased with private funds or as kits. I've heard rumor Eagle Arms produced/sold the M16A2 kits for a short period of time.
The kits consist of a Complete M16A2 upper, A2 buttstock, A2 psitol grip and a 3rd burst lower parts kit. The kits come in a brown or white shipping container. Some of the kits include a green follower 30rd magazine depending on manufacture(ie FN).
M16 parts and accessories are often not manufactured by the company selling the product. Colt only produced about 20 of the parts they used to build the M16. Alcoa( http://www.alcoa.com/global/en/home.asp and Continental Machine Tool http://www.continentalmachinetool.com/ were and still are the primary manufacturer of the majority of all civilian and Military AR15/M16 parts. SACO was also a prime contractor up and until the mid 1990's. I'm not sure if EMCO was/is a maker of M16 parts or simply marketed them for another company like CAPCO does with the USAF contract.