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Posts Tagged Ammo
Vista Outdoors Has Billion Dollar Ammo Backlog
From Guns America:
“We currently have over a year’s worth of orders for ammunition in excess of $1 billion,†CEO Chis Metz said during the Nov. 5 call, calling the backlog “unprecedented.â€
“With demand far outstripping supply and inventory levels in the channel at all-time lows, we see strong demand continuing, and this metric informs our viewpoint of what a recovery or normalization could look like,†he continued.
Ammo Company Has $80 Million Backorder
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.
True Velocity To Revolutionize Ammo Supply Chain
From Ammoland:
True Velocity manufacturing is aimed at reducing inefficiencies in the ammunition supply chain, improving manufacturing safety, and has the capacity to produce as many as 600 million rounds per year from its operations. The cell production technology from True Velocity includes everything from casing manufacturing to loading of ammunition in a physical footprint that requires only 2,500 square feet.
Atlanta Guns and Ammo Flying Off the Shelves
From WSBTV:
“First time buyers are buying .38 special revolvers and 9mm pistols,†said Wallace. “We’ll get a shipment in one day and the entire stock of what we put out in one day will be gone in one day.â€
Wallace said a shipment of a hundred guns will be gone on the same day. He told Jose manufacturers are running 24 hours a day to keep up with demand.
The Reason For The Ammo Shortage
From NJ.com:
“There is no product in the country,†said Rick Friedman, who owns RTSP, which operates gun ranges and stores in Randolph and Union. “Until they start producing more and it is hitting the docks, there is just no product to have. It is beyond a dire situation. The country is literally out of ammunition.â€
Why Ammo Makers Aren’t Increasing Production
From Bearing Arms:
They don’t want to get burned like in 2016, when sales surged to record levels only to implode on Election Day. Sales then were driven by fears of gun control fueled by mass shootings, but those fears evaporated with the election of President Trump, a Republican endorsed by the National Rifle Association. Gun sales plunged immediately after his election, resulting in layoffs and sliding stocks for Sturm, Ruger and Smith & Wesson.
Gun Dealer On Buying Guns and Ammo
From The Truth About Guns:
Demand is still outstripping supply on many different fronts on firearms and ammunition. Vendors have flat out told dealers that there’s nothing to ship and they should expect shelves for a while. Larger dealers get filled first, smaller dealers get the short end of the stick since they are, well, smaller accounts.
We’re seeing $500-650/thousand on 9mm FMJ 115gr online among the dealers that have anything left. Even Palmetto State Armory is picked clean on 9mm as of this writing, save for some defensive ammo at about $40 for a 20-round box.
Gun And Ammo Sales Continue To Soar
From NSSF:
NSSF’s adjusted NICS data shows that a record 10.3 million firearm transactions have been processed by retailers nationwide in the first half of the year. No matter how busy NSSF retail members are handling these millions of transactions, we are thankful that they are always willing to take the time to let NSSF know what they are seeing first-hand in their stores and at their counters.
California Gun Control See-Saw
From Guns.com:
The U.S. 9th Circuit, on prompting from California Attorney General Xavier Becerra’s office, late Friday stayed U.S. Senior District Judge Roger Benitez’s Thursday order enjoining the State of California from enforcing both the ammunition sales background check and the ammunition anti-importation provisions of Prop. 63.
CA Ammo Background Check Rejected By Judge
From NBC San Diego:
A federal judge on Thursday blocked a California law requiring background checks for people buying ammunition, issuing a sharply worded rebuke of “onerous and convoluted†regulations that violate the constitutional right to bear arms.
Why Gun Stores Are Critical
From The Federalist:
Americans are turning out in droves to purchase firearms. In times of crisis, keeping yourself and your loved ones safe must be certain. America is entering into an unsettled time, and hundreds of thousands of Americans, many of whom have never owned a gun before, are taking action.