Olin Corporation (OLN)

Another proclamation in the works from Chairman Joe Xiden.
“The White House’s press people are denying it, but NSSF learned from Winchester Ammunition that they were being told that M855/SS109 ammunition sales to civilians from the Lake City, Mo., facility are on the chopping block. That would potentially choke off over 30 percent of the ammunition used on AR-15-style rifles by law-abiding citizens. It would also risk the jobs of up to 500 employees and the Defense Department’s ability to surge ammunition production during increased operational tempo periods.
The Lake City, Mo., ammunition production facility is operated under contract by Winchester Ammunition. Winchester sells excess ammunition produced during normal operations. That’s how they are able to sustain the workforce that surges capacity to the Defense Department during conflicts. Winchester would be forced to reduce that workforce if commercial sales of ammunition were halted, posing a serious risk for the ability of the production facility to fulfill its mission during a wartime footing.”