© 2021 Boise State Public Radio

For assistance accessing our public files, please contact us at boisestatepublicradio@boisestate.edu or call (208) 426-3663.
WebHeader_3.png
NPR in Idaho
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Economy

American Bullet Shortage Spells Profits For Idaho Manufacturing Plant

Vista Outdoor, CCI, Speer, gun, ammo, ammunition, bullet, bullets
Dennis van Zuijlekom
/
Flickr
Vista Outdoor, which manufactures ammunition under the CCI brand, among others, reported steep profits Thursday. A munitions plant in Lewiston, Idaho, is one of the community's largest employers.

A nationwide ammunition shortage is good news for Vista Outdoor, which owns a munitions factory in Lewiston.

On Thursday, the company announced it earned $78 million in profit during its latest quarter compared to a nearly $12 million loss this time last year. 

“We anticipate this heightened level of demand fueled by many factors, including civil unrest, a heightened desire for personal protection and increases in recreational shooting activities, to continue into the future,” said Vista Outdoor CEO Christopher Metz.

The company owns several well-known brands, including Camelback, CCI and it closed on buying Remington’s ammo and accessory lines last month.

Mets said Vista Outdoor also has a year’s worth of ammunition orders in the pipeline worth more than $1 billion.

“This is unprecedented for our company,” he said. “With demand far outstripping supply and inventory levels in the channel at all-time lows, we see strong demand continuing.”

Metz said the company’s ammunition sectors haven’t slowed down production – they just couldn’t keep up. Vista’s Lewiston plant is one of the area’s largest employers.

Vista Outdoor stock closed at $23.50 per share Friday, up from about $9 per share a year ago.

Follow James Dawson on Twitter @RadioDawson for more local news.

Copyright 2020 Boise State Public Radio