McRae Industries, Inc. Government Contract Awarded

Rhea-AI Summary

McRae Industries has secured a significant contract from the United States Government Defense Logistics Agency for Marine Corps temperate weather combat boots. The deal spans a base year and four optional years, totaling a maximum value of $32,010,930. The initial delivery is expected within 120 days post-award, enhancing McRae's revenue stream and solidifying its position in the defense sector.

Positive

• Contract awarded for Marine Corps boots valued at $32,010,930.
• Secured a stable revenue source for five years.

Negative

• None.

MOUNT GILEAD, N.C., April 1, 2021 /PRNewswire/ -- McRae Industries, Inc. (Pink Sheets: MCRAA and MCRAB) McRae Footwear, a division of McRae Industries has been awarded a contract for Marine Corps temperate weather combat boots by the United States Government Defense Logistics Agency Troop Support.  This contract is for a base year and four option years with the following maximum dollar value.  Base year $6,213,060.00, Option I $6,306,300.00, Option II $6,400,800.00, Option III $6,496,560.00, Option IV $6,594,210.00 for a total of $32,010,930.00. The first delivery is scheduled for 120 days after contract award date.

           

View original content:http://www.prnewswire.com/news-releases/mcrae-industries-inc-government-contract-awarded-301261060.html

SOURCE McRae Industries, Inc.

FAQ

What is the value of the contract McRae Industries received?

The contract is valued at a maximum of $32,010,930.

When is the first delivery scheduled for the Marine Corps boots?

The first delivery is expected 120 days after the contract award date.

What divisions of McRae Industries are involved in the contract?

The contract is awarded to McRae Footwear, a division of McRae Industries.

How long is the contract period for McRae Industries?

The contract includes a base year and four optional years.

What are the stock symbols for McRae Industries?

The stock symbols for McRae Industries are MCRAA and MCRAB.