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The 223 cartridge was developed in 1957 by Remington Arms and Fairchild Industries for the U.S. Continental Army Command of the United States Army as part of a project to create a small-caliber, high-velocity firearm. The 223 Remington is considered one of the most popular cartridges and is currently used by a wide range of semi-automatic and manual-action rifles as well as handguns.