Mission Ready - Outgoing Interim CEO, James A Marks
Outgoing Interim CEO, James A Marks
Source: Helena Magazine
  • Shares in Mission Ready Solutions (MRS) have jumped almost 23 per cent today following the receipt of an additional C$37.5 million in new orders
  • The orders relates to the supply of personal protective equipment, including disposable level two and level three isolation gowns
  • Delivery of the products is expected to occur between October this year and February next year
  • This follows a similar announcement on September 18, which outlined roughly $127 million in similar contracts
  • Mission Ready Solutions (MRS) is currently up 22.86 per cent and is trading at 22 cents per share

Mission Ready Solutions (MRS) jumped almost 23 per cent today following the receipt of an additional C$37.5 million in new orders.

The orders relate to the supply of personal protective equipment, including disposable level two and level three isolation gowns, through the company’s Unifire government contracting business.

Based in the United States, Unifire is one of only six companies worldwide with authorisation to supply equipment and services under the US Defense Logistics Agency’s Special Operational Equipment (SOE) Tailored Logistics Support (TLS) program.

The latest orders come off the back of a separate announcement, released on September 18, which outlined approximately $127 million in government contracts and a maximum of $435 million in total income.

Marcus Treiber, Chief Operating Officer of Mission Ready Solutions, said at the time that he is thrilled to see the company exceeding growth projections and delivering on its commitment to build sustainable value for its shareholders.

“Though we are excited to continue leveraging our status as a Special Operations Equipment Tailored Logistics Support prime vendor, Unifire continues to demonstrate its ability to win significant awards through unrelated avenues, which really is a testament to the vastness of the opportunities within the world of government contracting,” he added.

Mission Ready is anticipating delivery of the new orders to occur between October this year and February next year, with gross margin on revenue expected to be more or less in line with previous government contracts.

Mission Ready Solutions (MRS) is currently up 22.86 per cent and is trading at 22 cents per share at 12:17pm EDT.

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