Mission Ready Awarded New Contracts for an Estimated $127 Million with a Ceiling of $435 Million - Seite 2

Value of C&T Contracts
Maximum - $435,723,020
The maximum value of the Delivery Orders that may be submitted to the Company during the 12-month term (the “Term”) is set at $435,723,020 (the “Contract Ceiling”).

Estimated - $127,878,307
The estimated value of Delivery Orders to be submitted to the Company during the Term is equal to $127,878,307 (the “Estimated Value”).

For clarity, the Contract Ceiling represents the maximum value of Delivery Orders that may be issued to the Company pursuant to the C&T Contracts. The Estimated Value is based on the Contractor’s estimate of the Delivery Orders to be issued to the Company during the Term. Though the Company is prepared to facilitate the fulfillment of Delivery Orders in quantities up to the Contract Ceiling, there can be no assurance of the actual value of Delivery Orders to be received by the Company during the Term.

Gross Margins
The gross margin on revenue generated pursuant to the Contracts is not expected to differ materially from the Company’s historical gross margins relative to its government contracting operations.

Delivery Timeline
All delivery orders pursuant to the Contracts are to be fulfilled between September 2020 and September 2021.

Payment Terms
Net 30 – The Defense Logistics Agency will remit payment to Unifire within 30 days of delivery of the products pursuant to each delivery order.

The Company’s ability to demonstrate adequate capital availability to fulfill delivery orders continues to contribute to its success in winning contracts. The Company will utilize commercially-competitive-rate financing provided by its existing capital partners to facilitate fulfilment of the delivery orders.

Marcus Treiber, Chief Operating Officer of Mission Ready, states, “We are humbled to receive these significant awards, and honored to contribute meaningfully to the pandemic response, helping to safeguard the lives of our fellow citizens. Additionally, we are thrilled to be exceeding our growth projections and delivering on our commitment to build sustainable value for our shareholders.” Treiber continues, “Though we are excited to continue leveraging our status as a Special Operations Equipment Tailored Logistics Support prime vendor, Unifire continues to demonstrate its ability to win significant awards through unrelated avenues – these sizeable contract awards and the recently announced FEMA award being prime examples – which really is a testament to the vastness of the opportunities within the world of government contracting.”