The AW50 is intended to engage a variety of targets, including radar installations, light vehicles (including light armoured vehicles), field fortifications, boats and ammunition dumps.

The Picatinny rail can hold a variety of equipment; the normal sight for the AW50 is the Schmidt & Bender 3-12x50 PM II with Al Mil Dot reticle, 0.2 mrad clicks and elevation to 1500 m and laser protection.

Night vision device sights such as the Simrad KN series or Hensoldt NSV 80 can also be fitted.

The AW50F is a folding stock variant of the AW50, which fires the multi-purpose Raufoss Mk 211 cartridge and other rounds.

The weight of the weapon, combined with a muzzle brake on the front end and a hydraulic buffer system in the butt, gives the AW50F a relatively low recoil and enhances accuracy.