National Presto unit AMTEC receives $88.6M U.S. Army option award for 40mm systems

NATIONAL PRESTO INDUSTRIES INC

AMTEC Corporation awarded $88.6M option for year three (FY2024) of five-year 40mm systems contract.
Total contract value now $295.8M, including prior FY22 and FY23 awards.
Deliveries under option award expected to begin mid-2025.
Award enhances Defense segment backlog for National Presto Industries (NYSE: NPK).

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