FEB 6·TipRanksMed
National Presto Subsidiary Wins Army 40mm IDIQ Contract
National Presto's AMTEC Corporation, a wholly owned subsidiary, has secured a significant Indefinite Delivery Indefinite Quantity (IDIQ) contract from the U.S. Army. This contract, valued at up to $49 million over five ordering periods through 2031, is for 40mm Non-Recurring Engineering services. The deal reinforces National Presto's role in supporting the Army's efforts to enhance 40mm ammunition, improve manufacturing, and strengthen life cycle management.