Army awards UPS, FedEX contracts
The Army has awarded multimillion dollar delivery orders to UPS Inc., and FedEx Corp. to support the Defense Logistics Agency’s surface small package program.
UPS, also known as United Parcel Service, was awarded a delivery order worth more than USD 13 million as part of a USD 51.4 million contract to support DLA’s small package program.
FedEx was awarded a delivery order worth nearly USD 11.5 million as part of a USD 48.2 million contract to support the same program.
Work under both deals, which were announced late Friday, is expected to be completed by Sept. 30, 2007.
Shares of FedEx lost 32 cents to USD 101.50 Tuesday afternoon, while shares of UPS shed 39 cents to USD 70.69, both on the New York Stock Exchange
