Here's something a little different.
Fastenal Co., the industrial supply and fastener company in Winona, recently landed an $850,000 contract to provide spare parts for U.S. military's MRAPs - Mine Resistant Ambush Protected - vehicles being used in combat in Iraq and Afghanistan.
Military contracts aren't new for Fastenal, but this is a new angle with a lot of potential for the future.
Here's some from an article I have on this in today's paper. The full piece is posted here.
Fastenal Co. is gearing up to go into battle supplying parts for U.S. military vehicles in Iraq and Afghanistan.
After about a year and a half of preparation, the Winona-based fastener
maker recently won a $850,000 contract — $185,000 per year until 2015 —
to supply 23 different washers, nuts, bolts and screws that are critical
components for use on Mine Resistant Ambush Protected (MRAP) vehicles
While Fastenal has worked with the U.S. military for many years, this
contract signals a new level of involvement with the Dept. of Defense.
The contract awarded in late July is with the Defense Logistics Agency's
Defense Supply Center, which supplies directly to troops in combat.
"This really is a niche," says Donnalee Papenfuss, Fastenal's executive director government and diversity affairs.
To win this contract, Fastenal had to create a new process channel
direct from the Winona headquarters to meet the packaging, RFID labeling
and testing standards required for this area of the military.
And that means a new market is now open.
"We believe we're at the beginning of something big," says Papenfuss.
"You can't just come to a contract like this and just win it. You have
to prepare for it."