The .223 Remington (designated as the 223 Remington by the SAAMI and 223 Rem by the CIP) is a rimless, bottlenecked rifle cartridge. It 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 common-use cartridges and is currently used by a wide range of semi-automatic and manual-action rifles as well as handguns.