Don't know offhand about the M-79 in US military use, but it's still in wide use in many countries worldwide. (For that matter, the Iranians still use it. Maybe it's captured from Iran-supported insurgents?)
As for the machinegun, it's true -- called the Mk 48. It's based on late prototypes of the FN Minimi (which in a modified form is the M-249 SAW). FN initially intended to build the Minimi in 5.56mm NATO as well as 7.62mm NATO, but at that time found no market for the 7.62mm version.
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