11 Jan Rocky Brands Announces New Footwear Order from the U.S. Military
Rocky Brands, Inc. announced it has received an order to fulfill a contract to the U.S. Military to produce “Temperate Weather” combat boots. The contract includes a minimum purchase amount of $13.0 million with the entire order projected to ship between March and October 2016.
David Sharp, President and Chief Executive Officer, commented, “We are very pleased to have been awarded this contract to produce high quality boots for the U.S. Military. Along with our existing contract, we have approximately $28 million in military orders scheduled for delivery in 2016, a 60% increase over 2015 levels. Military segment sales allow us to better utilize our company-operated manufacturing facility in Puerto Rico and help reduce the impact on our business from unfavorable weather like we experienced during the second half of 2015, particularly in the fourth quarter.”