BAE Systems and Olin Corporation's Winchester Division Form JV to Pursue Contract at Lake City Army Ammunition Plant

BAE Systems

and Olin Corporation's

Winchester Ammunition Division have announced that they have formed a joint venture to pursue the U.S. Army's contract to manage, operate and maintain the Lake City Army Ammunition Plant. Today, the new company, called U.S. Munitions, LLC, will submit a proposal for the contract, which has a potential value in excess of $2 billion in sales over 10 years. U.S. Munitions combines the industry-leading capabilities of BAE Systems Ordnance Systems, a subsidiary of BAE Systems, Inc., and Winchester Ammunition, a division of Olin Corporation. U.S. Munitions provides world-renowned experience and expertise in facilities management and ammunition manufacturing for the U.S. military.