other material
confidence high
sentiment positive
materiality 0.75
National Presto unit AMTEC receives $69.5M Army contract option for 40mm training cartridges
NATIONAL PRESTO INDUSTRIES INC
- AMTEC Corp awarded $69.5M option under year five of five-year 40mm systems contract with Department of the Army.
- Option covers high velocity training cartridges; deliveries from 2023 into early 2025.
- National Presto operates in Housewares, Defense, and Safety segments; this award boosts Defense segment.