- A contract modification worth up to $42.2 million, exercising the fourth and final one-year-long option period on a preexisting fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity contract for "prime vendor full-line food distribution." US Foods will be supplying foodstuffs to U.S. Army, Navy, Air Force, and Marine Corps locations, to federal civilian agencies, and to other authorized Department of Defense customers in California and South Korea through Jan. 31, 2015.
- A separate sole-source, firm-fixed-price, indefinite-quantity contract for prime vendor full-line food distribution in California only. This second contract will be worth up to $7.2 million, and will run through July 12, 2014. Under it, US Foods will supply foodstuffs to U.S. Army, Navy, Air Force, Marine Corps, and Coast Guard locations.
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
US Foods will provide chow to military bases in California and South Korea.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Sysco. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
Premium Investing Services
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.