Mission Ready Solutions Inc (MSNVF)

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$$-MSNVF-$$ MISSION READY AWARDED SPECIAL OPERATIONAL EQUIPMENT BRIDGE CONTRACT
7:00 am ET March 11, 2020 (Globe Newswire) Print
Mission Ready Solutions Inc. ("Mission Ready" or the "Company") (TSXV:MRS) is pleased to announce that, on March 5, 2020, the Company - through its wholly-owned subsidiary, Unifire, Inc. ("Unifire") - was awarded a firm-fixed-price, indefinite delivery/indefinite quantity ("IDIQ") contract (SPE8EJ-20-D-0014) (the "Contract") by the United States Defense Logistics Agency ("DLA") under solicitation SPM8EJ-13-R-0001. A total of six companies (Unifire and five others) were awarded contracts in connection with the extension of DLA's Special Operational Equipment ("SOE") Tailored Logistics Support ("TLS") contract (the "NEW SOE Bridge"). The New SOE Bridge will continue coverage of the full line of SOE and incidental services under the DLA Troop Support SOE TLS program from March 7, 2020 through March 6, 2021.
A firm-fixed-price contract provides for a price that is not subject to any adjustment on the basis of the contractor's cost experience in performing the contract. In U.S. Federal government contracting, an IDIQ is a type of contract that provides for an indefinite quantity of supplies or services during a fixed period of time. IDIQs are also sometimes called "Task Orders" or "Delivery Order Contracts." IDIQ contracts are a subtype of Indefinite Delivery Contract (IDC), which is a "vehicle that has been awarded to one or more vendors to facilitate the delivery of supply and service orders.
Additional information on the New SOE Bridge can be viewed at the following link:
https://www.defense.gov/Newsroom/Contracts/Contract/Article/2104849/