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Stock impact report

Ritchie Bros. extends support of U.S. Department of Defense with new surplus term sale contracts

RB Global Inc. (RBA) 
Last rb global inc. earnings: 2/27 05:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.ritchiebros.com
Company Research Source: PR Newswire
Both East and West U.S. Defense Logistics Agencies surplus term sale contracts included VANCOUVER, BC, March 11, 2021 /PRNewswire/ - Ritchie Bros.' GovPlanet marketplace has been helping the U.S. Department of Defense's (DoD) Defense Logistics Agency (DLA) sell thousands of its surplus rolling stock assets for the past seven years. Three years ago, Ritchie Bros. extended its relationship with the government agency, after being awarded contracts to purchase, manage, and sell non-rolling stock surplus assets for the DLA's East and West regions. Last week, Ritchie Bros. was declared the apparent high bidder for two new East and West contracts, covering the consolidated surplus rolling stock and surplus non-rolling stock assets for the DoD. Each of these contracts has a base term of two years with three one-year renewal options. Rolling stock assets include surplus trucks, trailers, generators, wheel loaders, cranes, crawler tractors, and other equipment. Non-rolling stock assets include Show less Read more
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