7/6/2012 11:29:00 AM
Herndon Products Wins $3.8m Federal Contract
Herndon Products won a $3.8 million federal contract to supply parts for the Defense Logistics Agency (DLA) Troop Support, supporting the Aviation Demand and Supply Chain Strategic Fastener Initiative. The contract has a two-year base term and three one-year extension options.
In addition, the federal government identified 44,804 items that could be added to the contract for a total value of $77.9 million.
Herndon Products was one of four winners of this contract for Federal Stock Class 5305, the first major contract award of its kind.
CEO Scott Herndon called the contract “a perfect fit for our technology and procurement processes.”
Responding to the DLA’s request for bids on 1,984 items, Herndon Products bid on 1,958 of them. Herndon Products won the right to supply 1,142 of the only 1,318 items (86.6%) that DLA ended up awarding to the four winners.
In April O’Fallon, MO-based Herndon was awarded a federal contract worth up to $56 million to provide supply chain management at the Tobyhanna Army Depot in Pennsylvania. ©2012 GlobalFastenerNews.com
Related Links:
Share: