AMMO Awarded US DoD Contract For Development And Manufacture Of Signature-On-Target Rounds


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  • AMMO, Inc. (NASDAQ:POWWhas been awarded a contract by the Irregular Warfare Technical Support Directorate (IWTSD), formerly CTTSO, operating under the U.S. Department of Defense, to design and manufacture signature-on-target rounds (SoT) in support of U.S. military operations.
  • The contract size was not disclosed.
  • The SoT ammunition is being developed to provide warfighters with the ability to see the impact of rounds fired from their weapon systems on a wider variety of targets, both day and night. This advanced capability will increase survivability by reducing firing position identification and increase lethality by supporting the shooter's ability to place more rounds on target and in the beaten zone.
  • Price Action: POWW shares are trading higher by 2.77% at $6.30 on the last check Thursday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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