Advertiser Wins Army Contract

Updated

On a relatively slow day for Defense Department business Tuesday, a sizable contract was awarded to a company you don't often think of as belonging to the military-industrial complex: McCann Worldgroup, a subsidiary of giant, globetrotting ad agency Interpublic -- and just in time for the return of Mad Men.

The Pentagon awarded McCann a modification to a previously awarded contract to provide "professional marketing and advertising services in support of personnel recruitment and retention programs throughout the Army."

The instant contract is valued at $192.1 million, and by dollar value, accounts for more than half the $347 million in contracts that DoD announced yesterday. It also raises the total amount of money that the Pentagon has awarded McCann for advertising services under this contract, to $565.1 million.


link

The article Advertiser Wins Army Contract originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement