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Strategies & Market Trends : Value Investing
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To: benbuffett who wrote (46856)3/2/2012 7:26:18 PM
From: Sergio H  Read Replies (1) of 78796
 
One of the reason's for the sell off in NPK.....NPK's ammunitions sales will not keep up with 2001 levels. Since the U.S. pull out of Iraq, the DOD's demand has decreased.

<On February 18, 2010, the Army awarded AMTEC a second five-year contract for the management and production of the 40mm Ammunition System. As in the original 5-year contract, AMTEC was awarded the majority share of the 40mm requirement. The first year requirements awarded to AMTEC under the new five-year contract exceeded $183,400,000. The actual and cumulative dollar volume with the Army over the remaining four years of the contract 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.>

gopresto.com
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