NAPC Defense Announces Contract Awards of $38 Million

Rhea-AI Summary

NAPC Defense (OTCID: BLIS) received $38,166,873.04 in new U.S. government task orders through partner Obera, with performance obligations extending into 2032. These awards are part of Obera’s hard backlog for sales through January 2027 and sit within IDIQ contract vehicles offering a larger potential contract ceiling through 2032. NAPC Defense said the awards position the company to build a sustained U.S. government contracting business and it is pursuing additional purchase orders as the Sole Source for CornerShot systems and related ammunition initiatives.

Positive

• Task orders totaling $38,166,873.04
• Performance obligations documented through 2032
• Obera hard backlog covering sales through Jan 2027
• Positioned within IDIQ vehicles with larger contract ceiling potential

Negative

• Revenue booked through partner Obera, not direct prime awards
• Hard backlog sales concentrated before January 2027
• Larger contract ceiling described as potential, not guaranteed

CLEARWATER, Fla., Feb. 24, 2026 (GLOBE NEWSWIRE) -- NAPC Defense, Inc. (OTCID: BLIS) (“NAPC Defense” or “the Company”), a U.S. licensed defense manufacturer with exclusive rights to produce and distribute the CornerShot USA system, announced today that it has received $38,166,873.04 in new and recently finalized U.S. government task orders through its strategic partner Obera LLC (“Obera”) under existing U.S. Department of Defense and Department of State contract vehicles, with performance extending into the 2032 timeframe.

These awards were Obera’s hard backlog, which represent sales between now and January 2027, and sit within a broader set of Indefinite Delivery, Indefinite Quantity (IDIQ) contracts that have the potential to provide a much larger available contract ceiling through the end of 2032.

Obera is a prime and subcontractor on major U.S. government contract vehicles supporting global logistics, training, systems integration, and sustainment missions for the Department of Defense and Department of State, including NAVSUP WEXMAC, ACC AMIC CNGT, and DOS GLOBALCAP programs. Its work spans security assistance, supply-chain management, sustainment operations, and information management in complex operating environments worldwide.

“This Obera transaction represents our first major award platform and positions NAPC Defense to build a profitable, sustained U.S. government contracting business for at least the next six years,” said Edward K. West, Chief Executive Officer of NAPC Defense. “We intend to grow from this foundation into a major American defense contractor serving U.S. and allied missions around the world. God bless America.”

In addition to the Obera portfolio, NAPC Defense is pursuing new purchase orders from U.S. and allied customers as the Sole Source for the CornerShot tactical systems, as well as ammunition initiatives, which are expected to complement the long-term, contract-based revenue stream provided by Obera’s U.S. government programs.

About NAPC Defense, Inc.

NAPC Defense, Inc. (OTCID: BLIS) is a U.S.-licensed armament sales and production company with exclusive rights to manufacture and distribute the CornerShot USA weapons system. The Company brokers defense articles and munitions worldwide, with all activities conducted under applicable U.S. State Department and federal regulatory approvals.

As the exclusive U.S. producer and distributor of the CornerShot USA platform, NAPC Defense is committed to delivering innovative, lifesaving technologies that enhance officer survivability and protect communities in high-risk environments.

For further information, please go to napcdefense.com

Forward-looking statements

This press release and statements by representatives of NAPC Defense, Inc. may include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements regarding the Company’s plans, objectives, expectations, strategies, and future performance. These statements are based on current assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including those described in the Company’s periodic reports filed with the U.S. Securities and Exchange Commission. NAPC Defense undertakes no obligation to update forward-looking statements, except as required by law.

Investor and media contact

Media Inquiries and Demonstration Requests
Kenny West, Chief Executive Officer
NAPC Defense, Inc.
Phone 754 242 6272 ext. 713
info@napcdefense.com

FAQ

How much in U.S. government task orders did NAPC Defense (BLIS) announce on Feb 24, 2026?

NAPC Defense announced $38,166,873.04 in new U.S. government task orders. According to the company, these awards were secured through strategic partner Obera under existing DoD and DoS contract vehicles.

What timeframe do the NAPC Defense (BLIS) task orders cover and when do obligations extend to?

The awards represent Obera’s hard backlog for sales through January 2027, with performance extending into 2032. According to the company, the IDIQ vehicles support work spanning logistics, training, and sustainment missions.

Do NAPC Defense (BLIS) task orders come directly or via a partner?

These task orders were awarded through strategic partner Obera, not directly to NAPC Defense. According to the company, Obera is prime/sub on major DoD and DoS contract vehicles.

How do the IDIQ contracts mentioned affect NAPC Defense (BLIS) revenue outlook?

The IDIQ contracts provide a potentially larger contract ceiling through 2032 but are not guaranteed. According to the company, current awards are part of Obera’s hard backlog and may complement future purchase orders.

Will NAPC Defense (BLIS) pursue additional CornerShot orders after the Feb 24, 2026 awards?

Yes, NAPC Defense is pursuing new purchase orders as the Sole Source for CornerShot systems and ammunition initiatives. According to the company, these initiatives are expected to complement Obera-driven contract revenue.