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Olin ( (OLN) ) has shared an announcement.
On February 5, 2025, Olin Corporation announced the groundbreaking of a new 6.8mm Ammunition Facility at the Lake City Army Ammunition Plant, in collaboration with the U.S. Army’s JPEO A&A and JMC. The facility is part of the Next Generation Squad Weapons Program and aims to enhance the Army’s modernization efforts. The 450,000 square-foot facility will significantly impact the defense industry by creating jobs and driving economic growth in the Kansas City region. This development reinforces Lake City’s historic role in national defense and Olin’s legacy in ammunition manufacturing.
More about Olin
Olin Corporation is a leading vertically integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The company produces chlorine, caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid. Its Winchester division manufactures and distributes sporting, law enforcement, and military ammunition, as well as industrial cartridges and clay targets.
YTD Price Performance: -17.30%
Average Trading Volume: 1,741,725
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.23B
See more insights into OLN stock on TipRanks’ Stock Analysis page.
