National Presto Industries, Inc. announced its Defense segment subsidiary, AMTEC Corporation, received a $119.8 million delivery order from the U.S. Army for 40mm M918E2 TP-DNT cartridges under an existing IDIQ contract, with deliveries scheduled to begin in late 2027.
Key takeaways
AMTEC Corporation, a wholly owned subsidiary of National Presto Industries, Inc., received a $119.8 million delivery order from the U.S. Army.
The order is for production of 40mm M918E2 High Velocity Target Practice – Day / Night / Thermal (TP-DNT) cartridges.
This is the third delivery order under AMTEC's current five-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract.
The U.S. Army issued the delivery order on March 26, 2026.
Deliveries on the $119.8 million order will commence in late 2027.
The announcement was made in a press release dated March 27, 2026, filed as Exhibit 99.1 to the Form 8-K.