Tuesday, April 29, 2025

Latest

Mission Ready Solutions Receives Contract Valued At Up To US$200 Million

After a rather poor third quarter, Mission Ready Solutions (TSXV: MRS) appears to be getting things back on track. The firm this morning announced that its Unifire subsidiary has received a rather large contract.

The subsidiary has reportedly received a contract for Cots – Shelter Systems, via the US Defense Logistics Agency for the troop support clothing and textiles supply chain. The contract, valued at up to US$200 million, is said to be for an indefinite delivery and indefinite quantity.

The deal itself is related to military tents, parts, and support equipment, and is for an initial one year base period. Three one year option periods are associated with the contract as well, with the US$200 million figure specifically being a maximum dollar value of the contracts.

Due to the nature of the contract, the firm has indicated that it is uncertain just how much revenue it will generate from the contract, as individual purchase orders are now to be made under the contract. Gross margins however are expected to not differ materially from historical figures.

Mission Ready Solutions last traded at $0.19 on the TSX Venture.


Information for this briefing was found via Sedar and Mission Ready Solutions Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Bell Q3 Earnings: Massive Impairments. Guidance Cuts. A Mess.

Alamos Gold Q3: Record Revenue & Production Amid Rising Costs

The Junior Mining Market Is Back

Recommended

Germany Looks To Modernize Military Recruitment But Stops Short of Conscription

First Majestic Silver Posts Topline Revenue Of $146.1 Million In Q3 2024

Related News

Mission Ready Awarded Contract from US Defense Logistics Agency

Mission Ready Solutions Inc (TSXV: MRS) was awarded a contract, through its wholly-owned subsidiary Unifire...

Thursday, March 12, 2020, 08:35:35 AM

Mission Ready Sees Jeffery Schwartz Tender Resignation As CEO, President

Mission Ready Solutions (TSXV: MRS) has seen its CEO and President, Jeffrey Schwartz, tender his...

Tuesday, July 28, 2020, 08:57:16 AM

Mission Ready Finally Announces Contract Award With Estimated $127.9 Million Value, Ceiling of C$435.7 Million

Mission Ready Solutions (TSXV: MRS) has finally provided an official update to the market related...

Friday, September 18, 2020, 08:24:56 AM

Mission Ready Secures Additional $58.5 Million In Orders Under $435 Million Government Contract

Mission Ready Solutions (TSXV: MRS) is having a banger of a week. The company announced...

Friday, September 25, 2020, 12:52:16 PM

Mission Ready Issued $16 Million In Additional Orders, Total Rises To $112 Million Under Contract

Mission Ready Solutions (TSXV: MRS) continues to receive purchase orders from the US Department of...

Thursday, October 8, 2020, 08:04:05 AM