UNITED STATES

SECURITY AND EXCHANGE COMMISSION

Washington, D.C. 20549



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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



Date of Report (Date of earliest event reported):February 26, 2007



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National Presto Industries, Inc.

(Exact name of registrant as specified in this chapter)



Wisconsin
        811-21874
        39-0494170(State or other jurisdictionof incorporation)
        (CommissionFile Number)
        (IRS EmployerIdentification No.)




3925 North Hastings WayEau 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)



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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:



oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)



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



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



oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))







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Item 8.01 Other Events



The Registrant announced today that on February 26,
2007, AMTEC Corporation, its wholly owned defense subsidiary, received a $ 48.2 million award from the Department of the Army, for
the third year of the Armys five year, 40mm Systems program. Deliveries for this award will begin in late 2007 and occur primarily
in 2008. The Army has also advised that it expects to award AMTEC a supplemental contract this year that will increase
the total value of the third years contractual commitment.



As previously announced, in 2005
based on Best Value competitive bidding, the Army selected AMTEC as one of two prime contractors responsible for supplying the
requirements for the 40mm family of practice and tactical ammunition rounds for a period of five years. Subsequently, AMTEC
entered into contracts with the Army totaling $218 million for the first two years of the five-year program. This most recent
award by the Army brings the total current value of the AMTEC Systems contract to $267 million.



AMTEC, located in Janesville, Wisconsin, is a niche manufacturer for medium caliber ammunition programs, including specialized items such as fuzes, firing devices, initiators, load, assemble, pack (LAP) services, and cartridge cases. National Presto acquired AMTEC in 2001 and since that time has made other acquisitions in the defense industry. The Defense Division 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)/s/ Maryjo Cohen(Signature)Maryjo Cohen, President
and Chief Executive Officer


Date:February 28, 2007





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