Following the announcement, investors reacted positively as shares in DLH rose 2.5% to $5.64 during after-hours trading. The stock had previously closed flat at $5.50, marking a 2.7% decline for the year to date. The indefinite delivery/indefinite quantity contract structure allows the Navy to issue task orders to the selected group of contractors as requirements evolve throughout the five-year term.
DLH Holdings Secures Spot on $250 Million Navy Logistics Contract
A $250 million ceiling on a new U.S. Navy logistics technology contract has brought DLH Holdings into the fold. The company joins a pool of prime awardees tasked with delivering IT services over a five-year base period, positioning the firm to compete for specific task orders under the military agreement.
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