(MENAFN – GetNews) Accelerated Manufacturing Brokers recently listed a Northeast-based defense contractor specializing in components for jet engines and track vehicles. The company has experienced dramatic growth of 442% since 2018. Their growth is the result of seeking out projects with which DoD has traditionally had problems. They seek to supply a better product and become the sole provider of the part. Learn more [To enable links contact MENAFN] here.
The company successfully won a contract previously held by another defense contractor whose sales are $20B+ and became the sole source. After winning contracts, the company bids on similar components with great success. They have several long-term contracts, which range from 1 to 5 years, many of which have just started and have plenty of runway left. These contracts represent approximately $3.9M in future sales. One sole-source product is used in military vehicles in every branch of the military.