Rocky receives order for Hot Weather boots from Military
28 May '10
2 min read
Rocky Brands, Inc. announced that it has received an additional order to produce approximately 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 (GSA) that was announced in August 2009. There is $11.3 million remaining under the $29 million blanket purchase agreement. Also, the Company has received an additional order to produce approximately 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 announced in July 2007. Shipment of these orders is expected to be completed in 2010. All of these boots will be manufactured in the Company's factory in Moca, Puerto Rico.
Mike Brooks, Chairman and Chief Executive Officer, stated, “Expanding sales in our military segment is a key component of our future growth strategy. These additional orders will contribute to the achievement of our growth objectives for 2010 while at the same time help to offset cost increases through better utilization of our company-operated facility in Puerto Rico. We are optimistic that our ability to produce high quality boots for this market will result in further orders from the traditional contract and bid process as well as through our direct sales efforts.”
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.
Rocky Brands, Inc. is a leading designer, manufacturer and marketer of premium quality footwear and apparel marketed under a portfolio of well recognized brand names including Rocky, Georgia Boot, Durango, Lehigh, and the licensed brands Michelin and Mossy Oak.