National Presto Industries wins $168.1M defense contract option.

National Presto Industries, a Wisconsin-based company, has been awarded a $168.1 million contract by the U.S. Army for its AMTEC Corporation subsidiary. The contract is for the production of 40mm systems and deliveries are scheduled to begin in early 2026 and continue through early 2030. The total value of the five-year contract is now $965 million.

National Presto Industries, Inc. (NYSE: NPK) has announced a significant award from the U.S. Army for its AMTEC Corporation subsidiary. The contract, valued at $168.1 million, is for the production of 40mm systems and is part of a broader five-year agreement National Presto Industries : Defense Segment Award^[1]. Deliveries under the new option award are scheduled to commence in early 2026 and continue through early 2030.

This latest award adds to the existing total value of the five-year 40mm systems contract, which now stands at $965 million. The contract includes the production of medium caliber training and tactical ammunition, energetic ordnance items, fuzes, cartridge cases, and metal parts, all of which are critical components for the U.S. Army's operations.

National Presto Industries operates in three segments: Housewares/Small Appliance, Defense, and Safety. The Defense segment, which includes AMTEC Corporation, is a key player in manufacturing defense-related products. The company's ability to secure such a substantial contract underscores its commitment to innovation and quality in the defense sector.

The award comes with forward-looking statements that are subject to certain risks and uncertainties. These include factors that could cause actual results to differ materially from those anticipated or projected. Investors are advised to review the company's SEC filings for a comprehensive list of risk factors National Presto Industries : Defense Segment Award^[1].

In summary, the latest contract award from the U.S. Army represents a significant milestone for National Presto Industries, further cementing its position in the defense industry. The company's continued success in securing large-scale contracts highlights its strategic importance and growth potential.