It appears that Mission Ready Solutions (TSXV: MRS) is having a great day today. The US Department of Defense this afternoon released the latest round of contracts that have been awarded, with Mission Ready’s wholly owned subsidiary being rewarded handsomely for its personal protection equipment offerings – to the tune of up to US$324.3 million in contracts. The company saw a total of six contracts awarded to the Unifire division.
Each of the six contracts awarded to Unifire were granted by that of the Defense Logistics Agency, with the contracts being classified as being firm-fixed-price, with an indefinite quantity. The contracts also offer no option period, and have a September 30, 2021 ordered period end date. Effectively, the values associated are considered to be the “maximum values” of the contracts, with the contracts being for disposable isolation gowns.
The following contracts were awarded to Unifire:
| Contract | Dollar Value (US$) |
|---|---|
| SPE1C1-20-D-1346 | $209,200,000 |
| SPE1C1-20-D-1340 | $39,580,013 |
| SPE1C1-20-D-1345 | $28,048,235 |
| SPE1C1-20-D-1344 | $25,416,963 |
| SPE1C1-20-D-1342 | $11,726,208 |
| SPE1C1-20-D-1341 | $10,348,416 |
| Total | $324,319,835 |
The total contracts issued today by the agency amount to $1.2 billion, of which $335 million in total is expected to be delivered by January 2021. It’s unclear what portion of this is attributable to Unifire, however, of the total maximum value potential awarded today, Unifire was privy to roughly 25%, signifying that while a small business, its still a significant contractor for the US government. Only one contract was valued higher than that of Unifire’s largest contract, which was granted to a woman-owned business.
Mission Ready Solutions has yet to comment on the award. The company last traded at $0.085 on the TSX Venture, while boasting a market cap of $16.0 million.
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.
