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Stock impact report

The Manitowoc Company Clarifies Defense Logistics Agency (DLA) Contract Announcement

Manitowoc Company, Inc. (The) (MTW) 
Last manitowoc company, inc. (the) earnings: 2/6 04:31 pm Check Earnings Report
Company Research Source: Business Wire
MANITOWOC, Wis.--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW) commented today that the Company was awarded a fixed-price with economic price adjustment contract SPE8EC-17-D-0008 from DLA with a maximum estimated value of $121.9 million for procurement of commercial type cranes. This contract does not require the agency to order cranes from Manitowoc. The contract is a multiple award schedule-type contract that allows the services (i.e. Army, Navy, Air Force, Marine Corps and several federal civilian agencies) that use these cranes to place future delivery orders under the contract. The contract is active through August 10, 2022. This award is not to be confused with the US Army Type II Heavy Crane award announced on June 18, 2015. About The Manitowoc Company, Inc. Founded in 1902, The Manitowoc Company, Inc. is a leading global manufacturer of cranes and lifting solutions wit Show less Read more
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