Wolverine Worldwide Wins $15 Million Pentagon Order
On another slow day for Defense Department business on Monday, a sizable contract was awarded to a company you don't often think of as belonging to the military-industrial complex: Wolverine World Wide .
Yes, that Wolverine. The bootmaker laced up a $14.8 million Pentagon contract Monday, a sale equivalent to nearly a full 1% of its annual revenues. It was secured in one fell swoop, when the Defense Logistics Agency awarded the company a firm-fixed-price, indefinite-delivery/indefinite-quantity contract to supply "Navy certified safety boots."
With a stated "performance completion date of April 5, 2013," it appears that Wolverine may have fulfilled the contract before it had even been officially pronounced the winner.
The article Wolverine Worldwide Wins $15 Million Pentagon Order originally appeared on Fool.com.Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.