Lake City rounds, marked by the initials “LC” on their base, now comprise about a third of the US market for ammunition used in AR-15-style assault rifles. Bloomberg sued the Defense Department in May to obtain public records detailing its income from the plant. Government officials have refused to disclose precisely how much federal revenue the sales generate, though one former senior Pentagon official and equity analysts who follow Olin agreed on an estimate: about $30 million a year.

the military gets a few pennies on each bullet sold to the public. Under the Pentagon’s agreement with its contractor - Winchester Ammunition Inc., a brand owned by Olin Corp.

The Lake City Army Ammunition Plant in Independence, Missouri, is run by a private company that sells about half its daily production of four million rounds of military-grade ammunition to civilians. A US government-owned ammunition plant that made high-powered bullets used by civilian shooters in mass killings has generated tens of millions in cash for the Defense Department each year, according to interviews and documents compiled by Bloomberg News.

Bloomberg factory town