ExpansionJun 16, 2026, 04:07 PM
National Presto Subsidiary Breaks Ground on $90M Ammunition Facility
AI Summary
National Presto Industries, Inc. announced that its wholly owned subsidiary, National Defense Corporation (NDC), held a groundbreaking ceremony for a new state-of-the-art medium caliber ammunition production and test facility. This project involves an approximate $90 million investment by NDC at its Tech Ord campus in Clear Lake, South Dakota, aimed at meeting U.S. Department of Defense ammunition requirements. The facility will incorporate modern manufacturing technologies and scalable production processes, with construction starting in mid-June 2026 and completion anticipated in 2028.
Key Highlights
- National Presto's subsidiary NDC broke ground on a new ammunition production and test facility.
- The project represents an approximate $90 million investment by NDC.
- The facility is located at NDC's Tech Ord campus in Clear Lake, South Dakota.
- It is designed to meet current and emerging U.S. Department of Defense ammunition requirements.
- Construction is scheduled to begin in mid-June 2026, with completion anticipated in 2028.
- The facility will incorporate modern manufacturing technologies and advanced automation.
Price Impact
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