A pair of Sysco Corporation (NYSE:SYY) units claimed two out of only five Defense Department contracts awarded on Friday, promising $38.2 million in new revenues to the company in total. Specifically:
- Sysco Eastern Maryland was awarded a maximum $20.05 million sole-source contract to provide food and beverage support to Army, Navy, Air Force, and Marine Corps customers in Maryland.
- Meanwhile, Sysco Foodservice Alabama was awarded a similar sole-source, $18.15 million contract to provide vendor food and beverage support to Army and Air Force locations in Alabama and Florida.
Both contracts are said to run through March 29, 2014, and benefit the U.S. Defense Logistics Agency.