So I'm trying to think of the way these two cards would interact.

I'm thinking that due to Lt. Blount's ability since all of his attacks are "hits" Munitions Failsafe would therefore never kick in.

Am I correct in this interpretation?

Correct.

I thought so too. Also I think he kills the missles with two attacks (mind blanking on name)...

I thought so too. Also I think he kills the missles with two attacks (mind blanking on name)...

Cluster Missiles? They are no different for him than anyone else, the second attack is not contingent on the first one missing.

Lt. Blount is a Munitions Expert... he cannot be bothered with the "conventional" Munitions....