SCOTTSDALE, Ariz. — AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, is pleased to announce that its .50BMG manufacturing line is fully operational and supporting performance of an South American export transaction involving the delivery of 2.5 million rounds of .50BMG and other ancillary rounds representing an approximate total transaction value north of $15,000,000.00 (US).
With capacity being added out of the Company’s new Manitowoc, WI plant on a weekly basis, AMMO was excited to favorably respond to and be awarded a contract to manufacture and deliver 2.5 million rounds of .50BMG and 1.8 million rounds of 7.62×51.
The transaction will be fulfilled over the next several months and AMMO is fielding increasing international inquiries related to the capacity available from its new plant operation. Fred Wagenhals, AMMO’s Chairman & CEO, commented as follows: “With the full support of our entire Board, the team worked hard to position the Company in our new state-of-the-art Plant with the necessary increased capacity and technological capabilities to fully support not only the US commercial and military/law enforcement markets, but to also answer the bell for our allies across the globe. This order tells us the market has taken notice.”
About AMMO, Inc.
With its corporate offices headquartered in Scottsdale, Arizona, AMMO designs and manufactures products for a variety of aptitudes, including law enforcement, military, sport shooting and self-defense. The Company was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry. AMMO promotes branded munitions as well as its patented STREAK ™ Visual Ammunition, /stelTH/ ™subsonic munitions, and specialty rounds for military and law enforcement use via government programs. For more information, please visit: www.ammo-inc.com.
