The designation has to do with pressure, not velocity. Higher pressure usually means higher velocity, but not always. Why some +P loads are faster than some +P+ loads.
The SAAMI (USA) std pressure limit is 35,000 psi. The +P limit is up to 38,500 psi. Some call anything over that +P+, but there is no official SAAMI designation as such. Some European spec (CIP) and NATO ammo can get up to 42,000 psi. The Rem 115 +P+ the Secret Service used maxed at 42,000 psi. Winchester's NATO loads max at 42,000 psi. US M882 ammo is around 36,250 (about SAAMI +P).
I've seen the Rem and Fed 115 +P+ do 1260 fps from SIGs, and the WIN 124 NATO about 1180 fps. The Rem 124 +P GS about 1180, the Fed 124 +P+ HS 1170. The Speer 124 +P Gold Dot from a High Power did 1260 fps.
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[This message has been edited by BrokenArrow (edited May 25, 2000).]