(MRS.V) June 12, 2019 – Mission Ready Solutions Inc. has received $2.85 million in new orders across various contracts held through the company’s operating subsidiaries.
Unifire had secured awards worth a combined total of over $10 million since Apr. 1. The company has received an additional $2.85 million in contract awards, boosting its current second-quarter 2019 sales to approximately $13.4 million.
“Our sales growth is accelerating and we are beginning to see the benefits of the ongoing integration of our operating subsidiaries and personnel,” said Mission Ready president and CEO Jeffery Schwartz. “Our organizational efficiency in sales and operations will continue to improve over the remainder of 2019 as we execute on our plan to build a leading global defence and tactical-solutions company serving the military, law enforcement and first-responder markets. We appreciate the tremendous shareholder support that we continue to receive while we work diligently to secure awards, strengthen the company and, ultimately, increase shareholder value.”
A portion of the recent contract awards were received through the previously announced bridge contract through the Defense Logistics Agency, which extends the company’s current tailored logistics services (TLS) special operations equipment (SOE) contract for an additional year, with the new expiration date being Mar. 6, 2020. The SOE bridge contract – carrying a maximum dollar value of USD$4 billion – was awarded to the six incumbent TLS SOE contract holders, including Unifire, and continues coverage of the full line of SOE and incidental services under the DLA troop support SOE TLS program.
Founded in 1987, Unifire is a specialized solutions provider to the U.S. Defense Logistics Agency, and one of six companies globally that is authorized to provide equipment and designated services under the multibillion-dollar TLS framework. Unifire is a designated small business and an industry-leading manufacturer and distributor of over 1.5 million fire, military, emergency, and law-enforcement products. As an incumbent awardee of DLA’s SOE contract, with extensive knowledge and experience in providing solutions to the U.S. federal government, Unifire utilizes its highly efficient and scalable technology infrastructure to provide procurement solutions for program managers, military and federal contracting offices, base supply centres, and other governmental supply agencies.
Headquartered in Vancouver, British Columbia, Mission Ready innovates and manufactures leading tech-centric defence and tactical solutions to prevent injuries and enhance the performance of military personnel, first responders and others by equipping them with the next generation of personal protective technologies. Mission Ready is committed to becoming a global leader in personal protective technologies through the strategic growth of its three synergistic business segments: innovations and development, prototyping and manufacturing, and product sales.Disclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.