The storage bag is located in the packaging. There is a triangle-shaped box which has the storage bag within it.
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Yes, the Real Avid AR15 Tool™ is a great way to service your AR15 pistol in the field or at the range. All of the mission-specific tools will work on an AR15 Pistol as well as a standard sized AR15. For more info on this product you can check it out here: Real Avid AR15 Tool™