From AZ Family:

Scottsdale-based ammunition company Ammo Incorporated is facing an $80.1 million order backlog amid record demand for ammunition.

“We just bought 2.8 million dollars worth of machinery and equipment last week to increase our production and increase our volume,” Wagenhals said.
According to the National Shooting Sports Foundation, the year has already seen a boom in gun purchases, up 95% in the first half of 2020 compared to the same time period of 2019.