I bought 3 of these at my local Sam's Club and they seem damn nice for the money. Is it completely indestructible and waterproof like a Pelican? Probably not. But it doesn't cost a couple hundred either.
It has an o-ring, pressure valve, and pluck foam inside.

Member's Mark 16" Protective Box
It has an o-ring, pressure valve, and pluck foam inside.
Member's Mark 16" Protective Box
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