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# UNITED STATESSECURITIES AND
EXCHANGE COMMISSIONWashington, DC 20549

# FORM 8-K

# CURRENT REPORTPursuant to Section 13
OR 15(d) of the Securities Exchange Act of 1934

Date
of Report (Date of earliest reported)    August 8, 2005

National Presto
Industries, Inc.(Exact name of registrant as specified in its chapter)

|Wisconsin                                           | 1-2451       | 39-0494170         
|--------------------------------------------------- | ------------ | -------------------
|(State or other jurisdiction                        | (Commission  | (IRS Employer      
|of incorporation)                                   | File Number) | Identification No.)
|                                                   
|                                                   
|3925 North Hastings Way                             |              |                    
|Eau Claire, Wisconsin                               |              | 54703-3703         
|(Address of principal executive office)             |              | (Zip Code)         
|                                                   
|                                                   
|Registrants telephone number, including area code: | 715-839-2121

N/A (Former name or former
address, if changed since last report)

Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:

|o |  | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|- |  | -------------------------------------------------------------------------------------

|o |  | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|- |  | --------------------------------------------------------------------------------------

|o |  | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|- |  | ------------------------------------------------------------------------------------------------------

|o |  | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|- |  | ------------------------------------------------------------------------------------------------------

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# Item 8.01 Other Events

The Registrant announced that AMTEC
Corporation, its wholly-owned defense subsidiary, has finalized contracts with the
Department of the Army totaling approximately $92,000,000 for the first year of the
Armys five-year, 40MM Systems program. Deliveries under these contracts are
primarily scheduled for 2006.

On May 4, 2005, the Registrant
announced that AMTEC had been awarded the high-volume, prime contract for the Armys
five-year, 40MM Systems program. As a result of competitive Best Value bidding, the Army
selected AMTEC as one of two prime contractors responsible for supplying all requirements
for the 40MM family of practice and tactical ammunition rounds for a period of five years.

Due to additional Army requirements,
the contract amount for the first year is approximately double of what was originally
anticipated. The actual cumulative dollar volume over the five-year period will be
dependent upon military requirements and funding, as well as government procurement
regulations and other factors controlled by the Army and the Department of Defense.

AMTEC, located in Janesville,
Wisconsin, manufactures precision mechanical and electro-mechanical products for the U.S.
Department of Defense and Department of Defense prime contractors. As a defense
contractor, AMTEC primarily focuses on producing niche market training and tactical
ammunition, fuzes, and firing devices.

National Presto acquired AMTEC in
February 2001. Since that time AMTEC has exhibited steady growth as a result of
Prestos corporate strategy to expand its presence in the defense industry.

Forward looking statements in this
Form 8-K are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. There are certain important factors that could cause
results to differ materially from those anticipated by some of the statements made herein.
Investors are cautioned that all forward looking statements involve risks and uncertainty.
In addition to the factors discussed above, among the other factors that could cause
actual results to differ materially are the following: government defense spending and
defense requirements; termination for the convenience of the government; interest rates;
continuity of relationships with and purchases by the United States Government and other
major customers; unexpected problems or events experienced by subcontractors, team
members, or their respective suppliers or subcontractors; product mix; competitive
pressure on pricing; and increases in material, freight/shipping, labor or other
production costs that cannot be recouped through pricing.

# SIGNATURE

Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.

|                       | National Presto Industries, Inc.
(Registrant)                                 
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|Date:   August 8, 2005 | /s/ Maryjo Cohen(Signature)
Maryjo Cohen, Presidentand Chief Executive Officer