On March 27, 2026, National Presto Industries, Inc. (NYSE: NPK) announced that its wholly owned subsidiary, AMTEC Corporation, has been awarded an Indefinite Delivery Indefinite Quantity (IDIQ) contract by the U.S. Army. This contract is valued at approximately $119.8 million and pertains to the production of the 40mm M918E2 High Velocity Target Practice – Day / Night / Thermal (TP-DNT) cartridge. The deliveries under this contract are expected to commence in late 2027. This significant contract underscores National Presto's strong position in the defense sector, particularly in the production of ammunition and related defense products. The company operates in three segments: Housewares/Small Appliances, Defense, and Safety, with the Defense segment being a key contributor to its revenue. The announcement is expected to have a noticeable positive effect on the stock price, reflecting investor confidence in the company's capabilities and future earnings potential. The press release detailing this contract is filed as Exhibit 99.1 to the Form 8-K, which is not deemed 'filed' for purposes of the Securities Exchange Act of 1934, but provides essential information for investors and stakeholders.

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