Wellco awarded military contract

17/04/2006

US manufacturer and developer of military footwear Wellco Enterprises, Inc. has been awarded a Department of Defence contract to supply the US Army with Extreme Cold Weather boots. The contract is for a one year period, with four one-year options which are exercisable at the government's discretion, with revenues estimated to range from a minimum of $177,930 to a maximum of $1,910,671 per year.

The base year of the contract has been exercised for a maximum amount of $1,697,452. Work will be performed at Wellco's plant in Waynesville, North Carolina and its plant Moka Shoe Corporation in Aguadilla, Puerto Rico.

Wellco specialises in the manufacture and development of military footwear and derives the majority of its revenues from the sale of military and tactical boots.