National Presto Industries, Inc. (NYSE: NPK) has recently announced that its subsidiary, Spectra Technologies, LLC, has secured a significant subcontract from The Boeing Company valued at $92.3 million for the production of warheads for the Small Diameter Bomb program. This award marks a substantial development for National Presto Industries' Defense segment, signifying its continued involvement in defense manufacturing.
The deliveries on this new award are set to commence in late 2026, following the completion of Spectra's existing Small Diameter Bomb warhead orders with The Boeing Company, indicating a forward-looking growth opportunity for the company's defense operations.
National Presto Industries, Inc. operates across three distinct business segments. The Housewares/Small Appliance segment, known for its PRESTO® brand, specializes in the design and sale of small household appliances and pressure cookers. The Defense segment, which has now secured the $92.3 million subcontract, is involved in the manufacturing of various defense 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, along with commercial water and fluorine-free foam fire extinguishers.
The recent defense segment award represents a significant milestone for National Presto Industries, Inc., highlighting the company's continued commitment to its defense manufacturing operations and its ability to secure substantial contracts within the defense industry. Today the company's shares have moved 0.44% to a price of $105.895. If you want to know more, read the company's complete 8-K report here.
