AAMI on ammo needs
Esp in honor of Memorial Day Weekend, Fleet Week in NYC,
and dedication of D.C. WW II Memorial there is AAMI at
0.30 Traded odd recently. Was .60 range awhile. Finally
dropped to 0.35 then 0.24 fast. Quick run to hit 0.50
then again sharp fall 0.35 with further shaft to 1 dat
day 0.17 and quick to 0.22 with jump now to 0.30
Seems MoMos working it. RB board has some details on it.
Only thing I could fig is that the old operation has some
ex-Cubans connection running it. So what? Lot of Florida
ops have Cubans. Bigger op now tho and tie ins with
others speciality ammo makers. Mucho Latin American
contracts. Now US Army ammo deal.
One other thing. AMEX Exchange. Need I say AAC....
AX really really acts dif than usual OTCBB/Pinks. Wider
swings even as moves up. So hang on. Not the intraday
shakes of OTCBB. More like 2-3 days w/ wide spread.
Makes it darn hard to get in/out some days. Lately tho AAMI
in 10 days had 2 big Vol spikes so run is on.
And now with News....NYT and Financial Times, others.
Just one major contract with a consortium:
With 2 Wars, U.S. Need of Munitions Is Soaring
By BRIAN WINGFIELD NY Times
Published: May 29, 2004
WASHINGTON, May 28 - With the United States fighting protracted wars in both Iraq and Afghanistan, its military faces a shortage of a basic necessity: ammunition.
The Army Field Support Command in Rock Island, Ill., held an "industry day'' last week to inform contractors of a vast increase in demand for small-caliber rounds, those for rifles and machine guns.
Maj. Gary Tallman, an Army spokesman, said the armed services needed 300 million to 500 million rounds this year alone, beyond the 1.2 billion already being produced, to provide enough for a military whose active-duty force had increased because of the two wars.
All production currently comes from a factory in Lake City, Mo., that is owned by the Army and managed by Alliant Techsystems, the nation's largest provider of munitions to the military. Alliant says it can expand that production, but it is not sure by how much.
In the meantime, the Army has already arranged for two contractors - Winchester, a division of the Olin Corporation, and the state-owned Israel Military Industries Ltd. - to provide an additional supply this year.
Further, in response to the Army's search for a "systems integrator'' - a general contractor - to supplement its work, at least one military contractor, the General Dynamics Corporation, has proposed overseeing a consortium of small-caliber-ammunition producers to fit the service's needs. A formal request for bids from prospective general contractors is expected in August.
Major Tallman, the Army spokesman, said the need for more ammunition had not affected troops fighting in Iraq and Afghanistan but instead stemmed primarily from an increase in necessary training.
But Loren B. Thompson, a military analyst with the Lexington Institute, a policy research center in Arlington, Va., said the shortage was due not just to training.
"The Army is reaching the outer limits of its ability to sustain the Iraqi operation," Mr. Thompson said. "It simply can't sustain a large-scale protracted conflict."
Mr. Thompson said that while combat troops were not currently affected by the ammunition shortage, "there could be serious shortfalls" should a conflict arise on the Korean Peninsula, for example.
Dan Carlson of the Army Field Support Command said the military ran no risk of being depleted. "We're not going to let anybody run out of ammunition," he said.
Pennies not a zero sum game as much as some zero game.
