RVP filed an 8-k announcing a big contract.
Retractable Technologies, Inc. (“Retractable”) (NYSE American: RVP) announces that on February 12, 2021, it was awarded a firm fixed price and cost reimbursement contract and purchase order by the Department of Health and Human Services to supply low dead space safety syringes. The base price for the contract and purchase order is $54,217,800 for the five-month base period of performance (February 15, 2021 to July 14, 2021). Such price includes both the fixed price for the products as well as cost reimbursement for freight. The terms of the contract allow for extensions at the option of the U.S. government for up to seven additional one-month periods. If all option periods are exercised, the value of the contract could increase by an additional $92,772,680, including the price of the products and freight reimbursement. For each period, the freight cost is estimated at approximately 25% of the overall price.