U.S. Army awards Olin Corp. $85M for small-caliber ammunition
The U.S. Army has awarded Olin Corporation
According to a statement released by the U.S. Department of Defense (DoD), Olin Corp. was awarded an $85,1 million modification (P00036) to contract W52P1J-16-C-0003 for 5.56mm, 7.62mm and .50 caliber cartridges for the U.S. Army.
Also noted that work will be performed in Oxford, Mississippi, with an estimated completion date of July 31, 2020.
It should be made clear that the U.S. Department of Defense classifies small caliber ammunition as rounds that are .50 caliber and below.
Olin Corporation began in 1892 as a small blasting powder supplier in East Alton, Illinois. Following a few decades of success, along with some fruitful acquisitions, Olin added Mathieson Chemical Corporation into the mix, further increasing Olin’s product offering. Over time, the new Olin has grown and expanded to encompass several complementary business units, among them—Olin Chlor Alkali Products & Vinyls and Olin Epoxy.
In 1931, Olin brought Winchester into the fold; the leading manufacturer of ammunition in the United States. Collectively, these business segments employ 6,500 professionals in more than 20 countries with customers in nearly 100 countries across the globe.
The ammunition included in the contract is used by a variety of weapons including the M4 Carbine, Barret M107 caliber rifle and various other rifles, handguns, and machine guns.