RT-August 16, 2005 11:46 AM US Eastern Timezone
ADS, Inc. Awarded $130 Million Specialty Equipment Prime Vendor Contract to Expedite Special Operational Equipment to DoD and Federal Civilian Agencies
VIRGINIA BEACH, Va.--(BUSINESS WIRE)--Aug. 16, 2005--Today ADS, Inc. announced it was awarded a $130 million Special Operational Equipment Contract by the Department of Defense's (DoD) Defense Supply Center in Philadelphia. The contract enables ADS to use its unparalleled product expertise and cutting edge distribution operations to deliver needed gear to the Army, Navy, Air Force, Marine Corps and federal civilian agencies significantly faster than traditional DoD procurement processes.
The contract allows DoD and federal civilian agencies to use ADS to procure special operations equipment including products for personal protection, search and rescue operations, flight crew safety, deck crew safety, life saving, diving, and equipment for tactical operations. The contract, effective August 5, 2005, is a two-year contract with the option for five additional one-year extensions. If all contract options are exercised the total contract value could exceed $500 million.
Congresswoman Thelma Drake (R-VA) said, "I am pleased that ADS is providing and improving the critical logistics support required for our U.S. defense and homeland protection efforts. Through their ability to immediately supply and rapidly distribute needed gear to troops in training in the U.S. and deployed around the world, we can rest assured that our soldiers are well equipped and protected with the best gear currently available." She added, "ADS is an exemplary model of a Virginia Beach company, contributing new jobs and benefiting the local economy through their continued growth and success."
Regarding this contract award, Luke Hillier, Chief Executive Officer of ADS said, "ADS has the ability to rapidly meet the needs of warfighters who are deployed, preparing for deployment or in training here in the United States. U.S. military forces are accomplishing the strategic objectives of the United States. Our company takes great pride in serving this community by significantly reducing the "logistics pipeline" and the time it takes to get mission critical equipment into the hands of these soldiers to enable them to swiftly and effectively complete their missions."
With a 3-year total growth rate of over 6000% from 2001 through 2004, this award will continue to enhance ADS' rapid business growth. In response to the increased demand created by this contract award, ADS. is hiring 50 additional employees and will be relocating to a larger corporate headquarters facility and state-of-the-art distribution center this month in Virginia Beach, Va.
With facilities in Virginia Beach, Va., San Diego, Calif., and Fayetteville, N.C., ADS has been procuring a wide spectrum of equipment to meet the needs of the military community for over a decade. ADS carries one of the most extensive special operations and tactical product lines in the industry for military and tactical units. In addition to the U.S. military, ADS services special warfare, marine operations, homeland defense, law enforcement agencies and other security forces.
Based on ADS' extensive expertise within the commercial equipment industry, the company maintains and integrates the optimal supply inventory in response to military customer demand. As a Prime Vendor, ADS' efficient inventory and distribution operation combines commercial operations and leading edge logistics technology in order to enable the rapid deployment of commercial-off-the-shelf equipment and gear. ADS' streamlined acquisition and global distribution model coupled with its direct customer contact enable ADS to get the right gear into the hands of soldiers anytime and anywhere.
ADS, Inc.
ADS (www.ads-primevendor.com) was founded to support the needs of the military community in the Hampton Roads, Virginia region. ADS currently supports and supplies all federal, state and local government agencies. ADS is a DLA Prime Vendor, a GSA Contract holder and a DoD EMall Contract holder. The company holds GSA contracts with numerous tactical and special operations equipment manufacturers. The ADS business development team consists primarily of retired military and law enforcement personnel who have served in special operations, diving, recon, and the security community. ADS provides the tactical, special operational, and logistics support solutions its' clients need to complete their mission - at home or in theater.
Best,
S.
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