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Note M - Subsequent Event
6 Months Ended
Jun. 29, 2025
Notes to Financial Statements  
Subsequent Events [Text Block]

NOTE M - SUBSEQUENT EVENT

The Company evaluates events that occur through the financial statement filing date and discloses any material or significant events or transactions. 

 

On July 29, 2025, the U.S. Army awarded AMTEC Corporation, the Company’s wholly owned subsidiary, an option award totaling $101.1 million under year four (Government Fiscal Year (FY) 2025) of AMTEC’s current five-year 40mm systems contract. Deliveries under the option award are scheduled to commence in mid-2027 and continue through early 2028.

 

On July 31, 2025, the Company sold certain assets of its wholly owned subsidiary, OneEvent Technologies, Inc. for $279,000, plus contingent consideration of $275,000 to be paid through 2029. The important intellectual property of the business has been retained. To focus direction of the business, certain assets and liabilities of the refrigeration/freezer monitoring portion of the business have been divested.