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Stock Market & Financial Investment News

News Breaks
February 21, 2014
09:05 EDTMOCCommand Security Corp announces additional extension of existing contracts
Command Security Corporation announced another extension, through May 31, of existing Eastern and Western Region security services contracts with a major transportation company. As previously announced, contracts with one security services customer which represents 24% of the company's total revenues, were originally scheduled to expire on May 31, 2013. Since that time the contracts have been extended four times, including the most recent extension through May 31. Also as previously disclosed, this customer commenced and invited us to participate in a competitive bidding process for the continued performance of these services in the Eastern and Western Regions of the United States. As announced on November 18, 2013, Command Security Corporation has been awarded a five-year follow-on contract for security services in the Eastern Region with a geographic footprint that extends from Maine to Virginia and into western Pennsylvania. The contract will commence upon completion of final negotiations which are expected to be completed before the above-mentioned contract extension which expires on May 31. Command Security also noted that a final decision with respect to the award of the Western Region has not yet been announced by this customer.
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June 18, 2015
09:09 EDTMOCCommand Security Corp notified of USPS decision to confirm contract award
Command Security Corporation announced the notification by the U. S. Postal Service, or USPS, of their decision regarding the previously announced contract award. On December 31, 2014, Command Security Corporation received notification of the award of the USPS contract under Solicitation No. 2B-14-A-0078, valued at approximately $250M over a ten year term of service. The contract provides for security services at 50 USPS locations in 18 states, Puerto Rico and the District of Columbia, valued at approximately $20M per year, as well as the operation of the two USPS National Law Enforcement Communication Centers at Dulles International Airport, Virginia and in Ft. Worth, Texas, valued at approximately $5M per year. The award includes a four year base contract and three two-year options. In a decision dated June 15, the USPS Supplier Disagreement Resolution Officer found that the December 31, 2014 contract awarded to the Company represented the best value for the USPS. Accordingly, the Supplier Disagreement Resolution Officer denied the disagreement filed by ABM, and lifted the stay on the performance of the December 31, 2014 contract with the company.

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