This was a post by Franklin Armory over on Calguns.net that I found while reading up on this if anyone was curious.
franklinarmory:
My partners and I own the trademark to Bushmaster and the ACR. It was part of the purchase of Bushmaster last fall.
As mentioned earlier in the thread, there are several necessary improvements that need to be made to the design before it can come back to the market. Our engineering team has identified these specific development objectives, and there is a plan in place.
Additionally, certain industry partners have expressed a desire to make the stock and other components. Don't get too excited. It will take a year or more to finish this task. (Note: I make no guarantees on a lead time.) The phrase that comes to mind is "Soon to be perfected!"
As a Director at BFI, I only provide guidance to the management. It is up to the BFI CEO to make it happen. Now that we finally have our FFL, the production will start moving on the QRC and M4 variants of the XM15-E2S. The ACR and other key products will follow over time.
Lastly, this is the first place this information has been mentioned. Calguns was supportive of Franklin Armory when we started out, so when I saw the thread, I thought I'd tell our friends first. Even so, please understand that I probably won't be able to comment on any further.