Winchester Ammunition awarded $27.6 million military contract
The kind of 9mm Winchester ammo the military ordered.
Winchester Ammunition was awarded a $27.6 million contract with various branches of the U.S. military to produce 9mm ammo.
The Naval Surface Warfare Center processed the contract and awarded it to the Olin Corp., the parent company of Winchester Ammo, on June 2.
Winchester will provide 9mm frangible ammo to the Air Force, Coast Guard and Navy so troops can train for indoor and outdoor close quarters battle.
Stock analysts warn that Olin, which owns two chemical plants in addition to Winchester, is a risky investment, due to poor earnings quality and slow growth. While the ammo plant has been booming over the last year and a half, the expects the unusually high demand is expected to peter off and return to a normal level.
In May, the U.S. Army awarded a five-year contract with Alliant Techsystems to supply .300 Winchester Magnum ammunition.
Although Olin is headquartered in East Alton, Illinois, the work will be done in Oxford, Mississippi, completed by June 2019.
Read More On:
Latest Reviews
-
The Baby Glock Centimeter: A Review of the New G29 Gen 5 10mm Carry Pistol
Whether straying into the backcountry or just a fan of the 10mm Auto, Glock has long had one of the smallest carry guns offered in that caliber and we have been kicking around its latest variant for a couple of months.
Read More -
AMT Backup .380 Review: Fun With a Retro Pocket Pistol
I’m rather fascinated with pocket guns, so when I came across this AMT Backup 380 in Guns.com's Certified Used stockpile, I had to give it a try. It's an interesting and affordable retro pistol.
Read More -
Winchester Model 100 in .243 Win Stands the Test of Time
Every now and then I happen upon a neat little rifle I’ve never heard of, like this Winchester Model 100. Let's see if this mid-century deer hunter chambered in .243 Winchester still has what it takes.
Read More -
Palm Full of Parabellum: A Review of the 9mm Bond Arms Stubby
Texas-based Bond Arms, the country's go-to maker of double-barreled derringer-style handguns in usable calibers, recently introduced an ultra-compact new 9mm-- the aptly named Stubby.
Read More
