U.S. Ordnance wins contract
U.S. Ordnance, a weapons manufacturer at Tahoe Reno Industrial Center, won a contract worth $42,525 to provide 315 machine gun grip assemblies to the Defense Logistics Agency.
“If you’re going to produce roughly 80,000 ounces (of gold) a year at $800 an ounce … and gold is at $1,900 or $2,000 per ounce, that’s going to create a tremendous amount of cash flow.”