Caterpillar (NYSE: CAT) will compete to supply equipment for military construction projects under a Defense Logistics Agency contract worth potentially $1.28 billion over five years.
DLA received three responses to a competitive acquisition process for the economic-price-adjustment, indefinite-delivery requirements type contract, the Defense Department said Thursday.
The agency expects to award additional spots on the procurement vehicle intended for use by the U.S. Army, Air Force, Navy and Marine Corps.
Irving, Texas-based Caterpillar registered a 21 percent increase in fiscal 2022 third quarter sales to $15 billion and the company attributed the revenue growth partly to price realization.
