Defense Solutions Holding Hits The Big Time
February 1, 2010 by Matthew Potter
Filed under: Business Line, Companies, Countries, Defense Systems Holding, Iraq, Services, logistics, production program
Filed under: Business Line, Companies, Countries, Defense Systems Holding, Iraq, Services, logistics, production program
There are lots of little defense contractors who are started by people wanting more then just working for another company. They usually start with one or two small sub-contracts and work to establish a reputation or an opportunity to bid as a prime on a larger contract. This business model has been highly successful for the last thirty years. Of course for every company that makes it several do not.
The small defense contractor, Defense Solutions Holding, Inc, has had some luck in winning logistic support contracts in Iraq and other countries. Revenue in 2009 was on track to be under $2 million. They just announced that they have won a contract to provide foodstuffs to the Iraqi Government in a deal worth over $60 million if all options are exercised.
This is a major growth for a company this size and illustrates well how the business can work.
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[...] This post was mentioned on Twitter by Dagpotter and DefProcureNews, Brian Gocial. Brian Gocial said: Govt Contractor w/ <$2M revenue in '09 gets $60M foodstuff contract with Iraqi Gov http://bit.ly/bm1KDA (via @DefProcureNews) #govcon #tfcn [...]