Defense Logistics Agency needed rifle slings and a multi-year contract was awarded to the winning bidder.
Component inventory of webbing and connectors needed to be built up so that the production line could function. The contractor was introduced to Global Trading Partners by their factor and the due diligence was completed. A subordination agreement needed to be negotiated with a prior lender, the Assignment of Claims was filed and funding commenced.
We’d like to say it was all smooth sailing but if you’ve ever needed to submit first articles for approval and then obtain DCMA Quality Assurance prior to each shipment you know that there are going to be delays outside your control.
Global stood by the client as the process evolved and all units were ultimately delivered ahead of schedule and on budget. Our client generated sufficient profits to complete Option Year 1 without our help.