Military
Defense Department Awards Contracts to FedEx, UPS, Alaska Air
Published:
Last Updated:
The Defense Department’s Transportation command awarded five companies maximum three-year contracts for domestic and international delivery services. The contracts call for international express delivery of the federal government, the Defense Department, civilian federal agencies and cost-reimbursable contractors for shipments up to 300 pounds. The first contract year begins on October 1, 2014, and may be renewed with two one-year options. FedEx Corp. (NYSE: FDX) and United Parcel Service Inc. (NYSE: UPS) each received maximum awards of $617.33 million. A division of Alaska Air Group Inc. (NYSE: ALK), National Air Cargo and Polar Air Cargo each received a maximum award of $203.37 million.
FedEx also received a $51.2 million option renewal for a contract to pack and transport perishable subsistence to the Pacific region. The total value of the contract, of which is the third renewal, rises to $190.1 million.
ALSO READ: 15 Biggest Employers in the World
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.