From the ammo fac, (posted at the top of the ammmunition forum):
www.ammo-oracle.com/The Lake City Shutdown Story
(courtesy of Dave_G):
Alliant Techsystems assumed control of operations at Lake City AAP on April 3, 2000. There was a lot of stuff laying around in the warehouses, components, loaded ammunition and what have you, that had been produced under Olin's operations. Alliant wanted to get rid of all Olin materials, so they approached Federal. About September, several ammunition distributors were approached by Federal and offered the XM193 5.56mm ammunition, produced in 2001. Millions of rounds were sold, packaged in generic white boxes with the Federal logo on them.
Some of this ammunition may have been Olin-produced loaded ammunition of 2000 vintage that was never packaged and shipped. It was just stored in those great big bins awaiting the orders that never came. Some may have been new ammunition loaded from leftover Olin-produced components. Still more may have production run startup and stop overruns.
In December, Alliant completed acquisition of Blout's Sporting Equipment Group, including Federal Cartridge. Now Alliant was both operating the plant and selling XM193.
Then the Army steps in and halts deliveries. The word is that it is over liability issues.
All the headstamps on the Federal XM193 ammunition mean is that the cases are stamped LC01 and were intended for use in 2001 ammunition production. Cases intended for 2001 production can be manufactured in prior years and stored. You should not consider that the XM193 headstamps have any meaning at all other than to identify the cases as having originally been intended for production of 2001 Lake City ammunition.
Mike