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Don’t forget that, in 2020, the defense segment (i.e. military/LEO) accounted for 76.2% of the world wide ammunition market.  The U.S. civilian segment of the ammo market, while large, is dwarfed by the world wide military/LEO market.  The ammo manufacturers are probable more interested in pursuing stable long term contracts with military/LEO than chasing the historically unstable U.S. civilian market, as big as it might be.


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