Security & Defense Watch: Rocky Brands Receives Boot Orders
May 28, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Rocky Brands, Inc. (NASDAQ: RCKY) said that it has received an additional order to produce around 45,000 pairs of insulated boots with an approximate value of $3.2 million under the $29 million blanket purchase agreement with the General Services Administration that was reported in August 2009.
According to Rocky Brands, there is $11.3 million remaining under the $29 million blanket purchase agreement.
The company said it has also received an additional order to produce around 8,000 pairs of “Hot Weather” boots with an approximate value of $0.5 million under a contract with the U.S. Military that was reported in July 2007. Shipment of these orders is scheduled to be completed in 2010.
All of these boots will be manufactured in the company’s factory in Moca, Puerto Rico.
The company is currently in the process of fulfilling the initial $14.5 million order it received under the $29 million blanket purchase agreement with the GSA that was announced in August 2009.
Ohio-based Rocky Brands is a designer, manufacturer and marketer of footwear and apparel marketed under a portfolio of well brand names including Rocky, Georgia Boot, Durango, Lehigh, and the licensed brands Michelin and Mossy Oak.
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