National Presto Industries NEWS
Present Movement: National Presto Industries (NYSE: NPK)
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is part of the industrials sector and is in the aerospace and defense industry. The company CEO is Maryjo Cohen. National Presto Industries
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National Presto Industries is a company founded in 1905 in Eau Claire, Wisconsin in the small kitchen appliances industry. Originally called the "Northwestern Steel and Iron Works" and then becoming the "National Pressure Cooker Company" in 1917, the company produced pressure canners. Beginning in 1939, National Presto Industries introduced small home-use cooking appliances. The company was admitted to the New York Stock Exchange on March 3, 1969.The company is divided into three business segments (divisions), Housewares/Small Appliance; Defense; and Absorbent Products. The Housewares/Small Appliance segment "designs and sells small household appliances", including pressure cookers, under the Presto brand. The Defense segment produces ordnance and ammunition products. The Absorbent Products segment "is primarily engaged in the manufacture of private label adult incontinence products."Having previously divested itself of almost all operations and having closed its defense operations in 1992, the company was a small household appliance seller. In 2001, with the purchase of AMTEC, the company returned to the defense business. In Nov 2005, Presto lost a fight with the U.S. Securities and Exchange Commission over investment status. A Federal Court judge ruled that Presto was an "inadvertent" investment company because of its huge cash holdings. During the first three quarters of 2009, National Presto obtained more than $650,000,000 in contracts with the U.S. government for ammunition. Also in 2001, the company acquired RMED International and created its Absorbent Products division.
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FinancialNews (blog) Air Transport Services Group, IncNASDAQ: ATSG) has announced the acquisition of passenger ACMI and charter services provider Omni Air International LLC (Omni Air), along with related entities, for USD 845 million, the company saidn contemplation
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Fairfield Current Old Dominion Freight Line (NASDAQ:ODFL) was downgraded by research analysts at BidaskClub from a âsellâ? rating to a âstrong sellâ? rating in a research note issued on Friday, October 19thDFL has been the subject of several other research reports.water polo
thesuntimesnewsm The Dexter water polo team finished an amazing season with a fifth-place finish at the MWPA state tournament at East Kentwood Friday and Saturdayhe Dreadnaughts went 2-1 at the state finals and finished its season with a 31-12 overall record.