DHS buying 450 million bullets, oh my!

Michael Savage isn’t the only one repeating this “news”.

The story originated from Press TV, the Iranian national TV network.

http://www.presstv.ir/usdetail/233834.html

Note the above URL is for a web site in Iran.

Their source?

End of the American Dream,

http://endoftheamericandream.com/archives/why-does-the-department-of-homeland-security-need-450-million-hollow-point-bullets

Their story was based on a March 12, 2012 PR newswire Press Release from the ammunition manufacturer trying to pump up its stock price the day before its press conference to announce that it isn’t going to make as much money as they hoped this year.  Since their announcement, the stock (ATK) has lost about 15% of its value.

http://www.marketwatch.com/story/atk-secures-40-caliber-ammunition-contract-with-department-of-homeland-security-us-immigration-and-customs-enforcement-dhs-ice-2012-03-12?reflink=MW_news_stmp

The contract is for an “indefinite quantity” over 5 years, up to a theoretical maximum of 450 million rounds of 40 caliber bullets.  DHS includes the US Coast Guard.

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