National Presto subsidiary AMTEC receives $88M U.S. Army option award for 40mm ammunition

NATIONAL PRESTO INDUSTRIES INC

U.S. Army awarded AMTEC $88.0M option under year two of five-year 40mm systems contract on March 31, 2023.
Option covers high/low velocity tactical cartridges and high velocity training cartridges; deliveries from 2024 into early 2026.
Combined with FY22 awards, total value of current five-year 40mm contract is $157.8 million.
AMTEC is wholly-owned subsidiary of National Presto Industries (NPK).

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