EX-99.1 2 ex_778019.htm EXHIBIT 99.1 ex_778019.htm

Exhibit 99.1

 

 

 

 

NEWS RELEASE

CONTACT: David Peuse

FOR IMMEDIATE RELEASE

(715) 839-2146

 

 

NATIONAL PRESTO INDUSTRIES, INC. ANNOUNCES DEFENSE SEGMENT AWARDS

 

Eau Claire, Wisconsin (February 12, 2025) – National Presto Industries, Inc. (NYSE: NPK) announced today that AMTEC Corporation, its wholly-owned subsidiary, recently received three awards totaling $71.2M for 40mm cartridges in support of Ukraine, Impact Switches used in Mortar Fuzes, and energetic components used in medium and large caliber ammunition. Deliveries are scheduled to commence in 2025 and complete in 2026.

 

National Presto Industries, Inc. operates in three business segments. The Housewares/Small Appliance segment designs and sells small household appliances and pressure cookers under the PRESTO® brand name. The segment is recognized as an innovator of new products. The Defense segment manufactures a variety of products, including medium caliber training and tactical ammunition, energetic ordnance items, fuzes, cartridge cases, and metal parts. The Safety segment offers smoke and carbon monoxide alarms, and systems that provide early warning of conditions that, if not corrected, would cause significant losses.

 

This release contains “forward looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected. In addition to the factors discussed above, other important risk factors are delineated in the Company’s various SEC filings.