From the BAE Systems website at: http://www.baesystems.com/ProductsServices/bae_prod_bofors_mm_mk_three.html

Capability:

6-mode programmable all-target ammunition.
Air burst capability for small boat defense and engagement of concealed targets.
220 rounds per minute rate of fire and super accuracy gives short firing sequences.
120 rounds ready to fire with immediate shift between two types of ammunition.
On-mount muzzle velocity radar.
Computer-controlled burst pattern.
Remotely-operated with gyro-stabilized local control back-up.
Maximum range: 17,000 meters.

Technical Data:

Rounds in gun: 120 rounds.
Time to open fire at 45° training and 35° elevation from stand-by condition: 2.2 s.
Rate of fire: 4 rounds per second.
Muzzle velocity: 1,035 m/s.
Max range: 17,000 m.
Dispersion (typical values): - Elevation (s-value) 0.4 mrad - Training (s-value) 0.4 mrad.
Life of barrel: up to 5,300 rounds.
Total weight of gun (excl. ammunition): 7,500 kg.
Weight including 1,000 rounds onboard: 14,000 kg.
Length of ammunition hoists: 1,960 to 9,805 mm.
Gyro-stabilized in local control.