The defense products unit of National Presto Industries Inc. has been awarded a $64.5 million contract to produce ammunition, the company said Tuesday.
The new award, which went to National Presto’s AMTEC Corp. subsidiary, is part of a five-year deal with the U.S. Army starting in 2010 to supply 40mm practice and tactical ammunition. Deliveries are scheduled largely for 2014 and 2015. The new order brings the total amount awarded to AMTEC under the current 40mm contract to $477.8 million, the company said.
In addition to making ammunition, National Presto, based in Eau Claire, designs and sells small kitchen appliances and absorbent incontinence products for adults.