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 (NYSE:WWW).
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.
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