National Presto subsidiary AMTEC receives $69.8M initial award from U.S. Army for 40mm ammunition contract

NATIONAL PRESTO INDUSTRIES INC

AMTEC awarded sole-source 40mm Grenade Ammunition Systems contract for FY2022–2026, initial $69.8M, max $826.8M.
Fifth consecutive 40mm systems contract; covers 22 consecutive government fiscal years (FY05–FY26).
Deliveries to commence in late 2023; actual volume depends on military requirements and funding.
Contract supports U.S. Army tactical and practice ammunition cartridges.

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