- Mission Ready Solutions (TSXV:MRS) has signed two new contracts, both with government agencies of the United States
- Signed with a US-based business, the manufacturing contract relates to the supply of specialised body armour systems for the US Department of Defense
- The distribution contract relates to the procurement and supply of personal protective equipment for the Indian Health Service
- The total values of these contracts is approximately C$7.3 million
- Mission Ready Solutions (MRS) is currently up 13.04 per cent and is trading at 13 cents per share
Mission Ready Solutions (TSXV:MRS) has signed two new contracts, both with government agencies of the United States.
Headquartered in Vancouver, the company specialises in the providing government contracting solutions via its unique access to a range government contracting vehicles.
These include its Special Operational Equipment Tailored Logistics Support contract administered by the United States Defense Logistics Agency, and Multiple Award Schedule contracts administered by the United States General Services Administration.
The first is a C$2.9 million manufacturing contract from a US-based small business, and relates to the production and supply of specialised body armour systems for the US Department of Defense.
This order follows last year’s launch of a collaboration between Mission Ready and the un-named business, focused on the design of a modular, female-specific body armour.
Delivery of these products is expected to begin in August 2020, concluding in January 2021.
Jeffery Schwartz, President and CEO of Mission Ready Solutions, said he is pleased to be growing the company’s partnership.
“We are excited to continue expanding our partnerships with small business and 8A companies across the United States to secure additional avenues to distribute the company’s in-house manufactured products,” he added.
Under the second contract, Mission Ready has received a $4.4 million purchase order from the US Department of Health and Human Services.
Made through the company’s wholly owned government contracting division, Unifire, the deal relates to the procurement and supply of personal protective equipment for the Indian Health Service.
These products are expected to ship directly from the manufacturer in December this year, subject to inventory availability.
Mission Ready Solutions (MRS) is currently up 13.04 per cent and is trading at 13 cents per share at 12:22pm EDT.