Ammunition containers incorporate an advanced sealing/latching arrangement as well as a lightning mitigation scheme that exhibits a number of advantageous features. A cover assembly is provided that separates the latching functionality from the sealing functionality such that the latching assembly is rotatably engaged and the cover seal is provided via radial (rather than axial) compression of an annular sealing component. In addition, a novel lightning mitigation system also functions as a convenient method of grasping and transporting the containers.