Are any ammo mfgrs publicly traded?
If so I’d guess the regime and its affiliates have invested heavily there prior to the buying program.
I’m certain they’ve gone heavy into firearms mfg investments.
Alliant Techsystems (ATK) makes a bunch - Federal, CCI and others, plus they run the Lake City ammo plant.
Olin (OLN) makes Winchester ammo, but not guns.
Neither one is a pure-play on ammo tho’ - not by a long shot...