The DPMS Panther LR-308 semi-automatic rifle features a slick-sided flat-top upper receiver, a Billet 7029 T6 lower receiver, a fixed A2 black synthetic stock with a trap door assembly, an aluminum free-float handguard and a 24-inch stainless steel bull barrel. This .308 Winchester caliber rifle also has a gas-operated rotating bolt, a standard AR trigger, integral trigger guard and 19-round magazines. It weighs 11.25 pounds and is 43.75 inches long with a 24-inch barrel.
The LR-308 has a Teflon coating in a matte black finish, and it comes with a web sling and cleaning kit. Scopes, sights, lights and lasers can all mount to the Picatinny Rail on the upper receiver, which does not have a dust cover, shell deflector or forward assist. The rifle's twist is one in 10 inches with six grooves.
The manufacturer, DPMS Firearms, recommends this rifle as a precision firearm for hunting large game animals, target shooting and competitive shooting. In 2005, the National Rifle Association's American Rifleman named it Rifle of the Year when comparing it to other precision rifles. Shooting the rifle from the bench rest position may lead to better accuracy and comfort than other positions. The manufacturer's suggested retail price is $1,199, as of 2015.