In addition to the surge in civilian stock piling......
...the military is trying to maximize production at its sole remaining small caliber plant in Lake City, MO. In 2000, Lake City delivered 350 million rounds a year; it now produces 1.2 billion rounds annually, and is aiming for 1.5 billion by consolidating infrastructure, standing up mothballed equipment, modernizing wherever possible without shutdowns, and hiring new shifts.
From DID
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