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Note T - Subsequent Events
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Subsequent Events [Text Block]

T.   SUBSEQUENT EVENTS

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

 

On February 19, 2021, the Company’s Board of Directors announced a regular dividend of $1.00 per share, plus an extra dividend of $5.25.  On March 12, 2021, a payment of $44,083,000 was made to the shareholders of record as of March 1, 2021.

 

On March 12, 2021, AMTEC Corporation, the Company's wholly-owned subsidiary, received an option award under year five (Government Fiscal Year (FY) 2021) of AMTEC's current five-year 40mm systems contract with the Department of the Army.  This award when combined with the prior award on May 22, 2020 totals $92,900,000 for delivery of M918 and M385A1 Projectile Assemblies used in the Army's legacy high velocity training rounds.