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Wellco receives $17.4 mn contract to make boots for Army & Air Force

27
Sep '05

Shoemaker Wellco Enterprises Inc reported that the U. S. Department of Defense has announced that Wellco received a $17.4 million contract for boots for the Army and Air Force. This announcement does not relate to a new contract award. It relates to an option exercise under an existing contract. In addition, this is an indefinite quantity contract, and the amount announced by the Department of Defense is the maximum that can be ordered under the option.

The Department of Defense announcement is for a one-year option award to Wellco under an existing contract. The subject contract, which was awarded two years ago, consists of a one-year base period and two one-year option periods. The decision to exercise any option is the unilateral decision of the U. S. Department of Defense. The option exercise is for a minimum of 41,000 pairs ($2.8 million) and a maximum of 256,000 pairs($17.4 million).

Simultaneous with the option exercise, Wellco received an order for the minimum 41,000 pairs. Any orders beyond this minimum will be issued at the unilateral decision of the Department of Defense. This option exercise is the second and final option exercise under this contract.

Wellco Enterprises Inc began operations in Waynesville NC, Ro-Search Inc a subsidiary, develops shoe manufacturing processes and licenses its technology to other manufactures world-wide. Introduced a new line of combat boots incorporating running-shoe technology.

Blast protective boot and over boot enhanced by incorporating polyurethane injection, combined with rubber in the tread area for traction and wear. Opened Combat Footgear, etc by Wellco at Fort Bragg, North Carolina.

Wellco Enterprises Inc

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