Mission Ready Awarded Two New Contracts Valued At Combined $7.3 Million

Mission Ready Solutions (TSXV: MRS) this morning announced that it has been awarded two new large purchase orders. The first, is for female-specific body armor, while the second is for the supply of personal protective equipment through its government contracting division.

The first purchase order comes from what is referred to as a “United States Small Business Administration 8(a) certified company.” While not named, the purchase order comes from the same partner that worked collaboratively with Mission Ready to design female-specific body armor. The armor is tailored to meet the news of female military personnel.

The initial purchase order is for C$2.9 million, with the product ultimately being manufactured and supplied for the US Department of Defense. Product deliveries are anticipated to begin in August 2020, and be completed in January 2021.

The second contract announced this morning from Mission Ready comes through its Unifire division, the arm of the company that deals in government contracts. The company has seen a C$4.4 million distribution contract awarded from the Department of Health for the supply of PPE for the Indian Health Service. Product is expected to be delivered directly from the manufacturer to the Health Service in December.

Mission Ready Solutions last traded at $0.12 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.

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