In 1971, Eugene Stoner founded the firearms company, ARES Incorporated. In 1986, Stoner and ARES introduced the ARES LMG-1 (AKA Stoner 86). The LMG-1 was Stoner's concept for a Squad Automatic Weapon (SAW). Like the Stoner 63, the LMG-1 was very lightweight, weighing only 12 lb (5.47 kg). It could also accept both an ammunition belt and STANAG magazines. Despite its merits, the LMG-1 was never adopted by a military unit. Instead, the FN Minimi would become the LMG of choice for many militaries around the world, including the United States military. Eugene Stoner would leave ARES Inc. in 1989.