rightwinger
Award Winning USMB Paid Messageboard Poster
- Aug 4, 2009
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This asinine "1.5 billion rounds of ammo" bullshit was started because of ignorance how IDIQ contracts work.
Here is one such contract which is one of the sources of the rumors:
ATK (NYSE: ATK) announced that it is being awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) agreement from the Department of Homeland Security, U.S. Immigration and Customs Enforcement (DHS, ICE) for .40 caliber ammunition. This contract features a base of 12 months, includes four option years, and will have a maximum volume of 450 million rounds.
ATK Secures .40 Caliber Ammunition Contract with Department of Homeland Security
Four option years. These have not actually been purchased. Therefore, NOT the cause of the ammo shortage.
"Maximum volume of 450 rounds."
Key word: Maximum.
That does not mean 450 million rounds will actually be purchased.
Especially when you read the small print:
Forward-looking information is subject to certain risks, trends, and uncertainties that could cause actual results to differ materially from those projected. Among those factors are: changes in governmental spending, budgetary policies and product sourcing strategies; the company's competitive environment; the terms and timing of awards and contracts; economic conditions; the supply, availability and costs of raw materials and components; or reliance on a key supplier. ATK undertakes no obligation to update any forward-looking statements.
DHS has not significantly changed the actual amount of ammo it has been buying every year since Bush invented the DHS. Therefore, NOT the cause of the shortage.
The ammo shortage is being caused by idiot hoarders who listen to too much Alex Jones.
Thank you'
That should put an end to Conservatives claims that DHS is buying 1.5 billion rounds
<like I actually believe it>