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BAE Systems, Winchester, Form Joint Venture To Bid For Lake City Ammo Plant Management

Cal Biesecker By
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BAE Systems is competing for a contractor operated Army ammunition plant with a potential value of more than $2 billion in sales over 10 years, going head-to-head against incumbent ATK [ATK] for the second time. BAE and Olin Corp.’s [OLN] Winchester Ammunition Division yesterday said they formed a joint venture, U.S. Munitions LLC, to pursue the Army's contract to manage, operate and maintain the Lake City Army Ammunition Plant, Independence, Mo. ATK  intends to bid on the contract as well.…

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