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Borderlands is known for all of the crazy weapons and items you'll find, and the random loot generator is in full effect here in the Pre-Sequel. This means that there's always some new gun to find around the corner, either by opening up treasure chests or finding them from off the bodies of the recently deceased.
They have greater capacity than a typical red chest, and have a higher chance of having rare/Eridian weapons. In addition, these are the only chests capable of containing ultra-rare pearlescent items. The following loot combinations from these chests are possible: 4 weapons: Sniper rifle, SMG, shotgun, combat rifle.