ERJ staff report (DS)
London -- Avon PLC said it has received a 5 year contract from the Department of Defense (DoD) for the supply of spare filters for its M50 respirator.
Like previous contracts for spare filters, the contract is an Indefinite Delivery Indefinite Quantity (â€œIDIQâ€) contract and has a maximum order quantity of 2.4m filter pairs per year and 12m filter pairs over the contract term. The contract also allows the DoD to extend the term by 2 further option years, potentially extending the duration to 7 years. An initial order has been placed by the DoD with a value of $2.5m for immediate delivery.
This new contract is in addition to the existing sole source $38m, 3 year IDIQ contract announced in August. Avon has also received a further delivery order against this contact with a value of $6.1m for delivery by 1 April 2012.
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Press release from Avon PLC