Canada spending $307M to buy new army rifles from Colt

The federal government is buying 30,000 made-in-Canada assault rifles for the Canadian Army from Colt Canada in a $307 million procurement deal.

CHEK
I am trying to understand how an assault rifle can cost $10,000.
Well oligopoly in the market, but I guess you can …umm…turn that 10k into profit iykwim