XM701 Mechanised Infantry Combat Vehicle (MICV)

FMC Corporation, which built the M113, had been one of the loosing bidders in the MICV-65 program. But the company decided that the future of the APC business moving in the IFV direction and so allocated its own funds to developing the XM765 AIFV (Armoured Infantry Fighting Vehicle). The Army was looking to develop the M1 Abrams Main Battle Tank, following the failed MBT-70 project, and wanted an IFV that was more mobile and better protected than the XM765.