AMTEC secures work into 2014
The U.S. Department of Defense awarded the extension to AMTEC Corp, 4230 Capital Circle, for 40 mm grenade systems. The company had a similar contract scheduled to end this year.
AMTEC, a subsidiary of Eau Claire-based National Presto Industries, does state-of-the-art manufacturing and assembly for tactical and training ammunition, fuzing and firing devices. Built specifically for munitions manufacturing, the facility and personnel handle both high and low volume production items.
In a filing with the U.S. Securities & Exchange Commission, National President Maryjo Cohen said AMTEC and one other contractor would supply all of the 40 mm family of practice and tactical ammunition rounds.
She said another award under the new contract is expected later this year, but the amount is dependent on defense department funding.
Company officials in Janesville were unavailable for comment on the contract extension.
Last year, the company laid off 55 people in Janesville because of specification changes and a slowdown in U.S. military orders.
Before the layoff, the company employed nearly 300 people at its plant on Janesville’s east side. It was not clear Friday if the new contract would affect employment at the plant.
National Presto has three business segments. The defense division manufactures medium-caliber training and tactical ammunition, demolition devices, fuzes, and cartridge cases. The housewares division designs and sells small household appliances and pressure cookers. The absorbent products division makes private-label adult incontinence products and baby diapers.