- Liquidity Services (NASDAQ:LQDT) placed a winning bid (equal to 64.5% of gross resale proceeds being returned to the government) for a DoD scrap auction contract. The new contract has a 3-year base term and two one-year options.
- Liquidity's shares were hit hard in 2014 by the loss of the DoD's rolling stock surplus contract. A scrap contract extension was landed in 2015. In last month's FQ1 report, the company noted its FY16 outlook remains cautious "due to the changing mix and volume of supply in our DoD and commercial business, in part due to lower commodity prices and macro weakness in the energy sector."