From KitUp:

Here at SHOT Show’s annual industry day at the range, the company — the maker of the military’s M249 squad automatic weapon — introduced the M249S Para, a closed-bolt semi-automatic rifle that nonetheless retains the look and feel of the original, down to the belted ammunition. The gun, which features the collapsible buttstock first designed for parachute missions and special operations, follows FN’s M249S Standard, released last year.