Federal does NOT own Lake City
IT IS NOT A COMPANY
It is a US Army facility owned by the US Governement
"Lake City Army Ammunition Plant (LCAAP) is a 3,935-acre (15.92 km2) U.S. government-owned, contractor-operated facility in northeastern Independence, Missouri that was established by Remington Arms in 1941 to manufacture and test small caliber ammunition for the U.S. Army. The facility has remained in continuous operation except for one 5-year period following World War II. As of July 2007, the plant produced nearly 1.4 billion rounds of ammunition per year. In addition, Lake City performs small caliber ammunition stockpile reliability testing and has ammunition and weapon testing responsibilities as the NATO National and Regional Test Center.
Remington Arms operated the plant from its inception until 1985, when operations were taken over by Olin Corporation. Since April 2001, it has been operated by Alliant Techsystems (ATK). LCAAP is the single largest producer of small arms ammunition for the United States military."