The M24 SWS has the “long action” bolt version of the Remington 700 receiver but is chambered for the 7.62×51mm NATO “short action” cartridge that has an overall length of 2.750 inches (69.85 mm). The “long action” allows the rifle to be re-configured for dimensionally larger cartridges up to 3.340 inches (84.84 mm) in overall length.

The M24 originally came tapped for the Leupold Ultra M3A 10×42mm fixed-power scope, which came with a circle-shaped mil-dot glass-etched reticle. This was later replaced in 1998 by the Leopold Mk 4 LR/T M1 10×40mm fixed-power scope with an elongated-shaped mil-dot wire reticle.[5] The rifle also comes with a detachable Harris 9–13″ 1A2-LM or Harris 9–13″ 1A2-L bipod unit.