Ammunition sales at Olin Corp.’s Winchester segment fell 17% in the second quarter to $366.6 million from $439.9 million, with the shortfall attributed to lower commercial demand and pricing. Military sales were a bright spot, however, boosted by the Lake City ammunition plant, which Winchester operates under contract for the Army. Segment operating income tumbled 46% to $64.7 million from $119.3 million, due to more competitive pricing and ... Log in to view full article.