- Defense company, Mission Ready Solutions (TSXV:MRS) has won a C$24 million contract to provide personal protective equipment
- The contract came from the US Department of Homeland Security, and the Federal Emergency Management Agency (FEMA)
- From May to September of this year, Mission Ready will deliver various personal protective equipment to FEMA-specified locations
- The contract is part of the US government’s ongoing response to the COVID-19 pandemic
- Mission Ready Solutions (MRS) is holding steady and is trading at 5.5 cents per share
Defense company, Mission Ready Solutions (TSXV:MRS) has won a C$24 million contract to provide personal protective equipment (PPE).
The company was awarded the contract by the US Department of Homeland Security, and the Federal Emergency Management Agency (FEMA).
According to the contract, Mission Ready will deliver various personal protective equipment to FEMA-specified locations. This will take place from May 12 to September 30, 2020.
This contract is the latest act in the US governments response to the COVID-19 pandemic, which has already claimed many lives.
The United States currently has the highest number of infections and deaths in the world, with little evidence of an end in sight.
As such, the need for personal protective equipment has never been greater in recent memory.
Mission Ready’s CEO, Jeffrey Schwartz, said the company was grateful for the opportunity to contribute to the fight against COVID-19.
“Utilizing Unifire’s vast network of product manufacturers and distributors established over a 30-year period, we are uniquely positioned to respond quickly and competitively to the increasing volume of government and industry requests for personal protective equipment.
“Being a delivery order, the Ccmpany will not require any additional facility space, equipment or personnel to facilitate the FEMA Contract Award,” he said.
In addition to the $24 million, the contract includes an option for an additional $12 million. This option is exercisable at FEMA’s discretion, and must be awarded no later than September 30, 2020.
Mission Ready Solutions (MRS) is holding steady and is trading at 5.5 cents per share, as of 2:48pm EDT.