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May 27, 2026 8:10 AM

Native American Pride Constructors Secures $20 Million Line of Credit to Support Execution of Navy and Air Force IDIQ Contracts

CLEARWATER, Fla., May 27, 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, today announced that Native American Pride Constructors LLC ("NAPC Constructors"), a privately held company, has secured a $20 million line of credit to support working capital needs and execution of U.S. Navy and U.S. Air Force Indefinite Delivery/Indefinite Quantity (IDIQ) contracts.

The new credit facility is intended to support the backlog and new contracts, as NAPC Defense ramps operations tied to its recently awarded $38 million in subcontracts. These large-scale federal contract vehicles, which carry combined maximum funding ceilings exceeding $57 billion and extend through 2032 and 2034, respectively.

Proceeds from the line of credit will be used to fund project mobilization, procurement, additional staff and other operational requirements associated with fulfilling task orders under these IDIQ contracts. The facility is expected to enhance the Company's ability to respond ...

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