- AMMO, Inc. POWW has 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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