- Rocky Brands (NASDAQ:RCKY +9.5%) announced it has received an order to produce combat boots for the U.S. Military.
- The contract is for one year and includes four additional one year options.
- Under the terms of the agreement, the maximum amount of boots shipped per year cannot exceed approximately $20M with an expected annual amount of approximately $16M.
- The company expects to begin fulfilling the order in the first half of 2017.
- The contract was reported on earlier based on information from the DOD website.
- Previously: Rocky Brands soars after landing DOD contract (Oct. 20)
- Source: Press Release