US DLA exercises first one-year option period for COTS contract

VANCOUVER — Mission Ready Solutions Inc, through its wholly-owned subsidiary, Unifire Inc., has received a one-year extension of its contract for COTS – shelter systems in support of the DLA C&T supply chain, with a ceiling of USD $200,000,000 (CAD $268,000,000 using a USD-CAD exchange rate of 1.34) over the term of the contract.

The extension follows the initial contract first announced by the company in a news release dated December 3, 2021.

“This extension immediately succeeds a modest order the company received in November and is currently working to fulfill, and we are excited for this opportunity to further elevate our stature on this contract,” said Buck Marshall, president and CEO, Mission Ready. “The DLA’s exercise of the first one-year period reinforces the government’s sustained need for Unifire’s unique solutions. In recent months, we have worked to maximize the potential value of the COTS Contract by bolstering our relationship with key suppliers in order to offer additional or alternative products across the COTS Contract.”

Marshall added, ” As we approach the end of 2022, we are seeing some movement in the opportunities pipeline. With our continued efforts to position the company for growth, and our established track record providing governments with cutting-edge products and solutions, we are confident that these near-term catalysts will effectively translate into increased revenues and profits.”