I suppose it could be interpreted that way. The right-hand character "kan (ko)" can be read as "armor" or, alternatively, "1st class." I think we need edokko to stop by and fine-tune our understanding.Does the right -hand symbol mean it is A.P. ammo?...Mariko
Yes, an abbreviation for the slightly longer longer phrase.My best guess:
弾甲 = 甲弾 = 徹甲弾 = armor-piercing bullet