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  • New Contract, Further Extension Of Existing Contracts For Command Security Corp. (MOC) 0 comments
    Nov 19, 2013 2:04 PM | about stocks: MOC

    Command Security, a provider of uniformed security officers, aviation security services, and support security services to entities throughout the United States, announced it has been awarded a five-year follow-on contract to provide security services in the Eastern U.S. for a major transportation company. Command Security simultaneously announced an additional extension - through Feb. 28, 2014 - of existing Eastern and Western region security service contracts with this same major transportation company.

    The five-year follow-on contract will cover a geographic area extending from Maine to Virginia and into western Pennsylvania. The contract will go into effect upon completion of final negotiations, which are anticipated to be completed before the Feb. 28 contract extension expires. No award decision has yet been made regarding the Western region.

    As announced previously by the company, contracts with one security services customer - representing 24 percent of Command Security's total revenues - were originally scheduled to expire on May 31, 2013, but the contracts have been extended twice since that time - first through Aug. 31 and then through Nov. 30. As also previously disclosed, this same customer initiated - and invited Command Security to participate in - a competitive bidding process for the continued performance of these and other services in the Eastern and Western regions of the U.S.

    "We are very pleased to receive this follow-on contract award for the Eastern region as well as the contract extensions in both regions through February," said Command Security CEO Craig Coy. "This affirms the hard work, commitment and professionalism of the Command Security Team. And it further demonstrates our unique ability to satisfy national customers by securing their assets across broad geographic footprints while simultaneously maintaining the flexibility to quickly respond to the diversity of their needs at the local level."

    For more information, visit commandsecurity.com

    MissionIR provides investor relations services to publicly traded companies in exchange for compensation. This article may be part of our efforts to widen a client's exposure. To read our full disclaimer, visit http://disclaimer.missionir.com

    Stocks: MOC
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