What Happened
Domestic Manufacturing Secures Three-Year Supply Deal
New Balance has been awarded a three-year contract by the Defense Logistics Agency to supply athletic footwear to US Army, Navy, Air Force, and Marine Corps recruits. The contract, valued at up to $59 million, will see the company deliver a minimum of 22,000 pairs of Made in USA 0430 shoes annually, produced at its Central Maine factory. This development may provide New Balance with a stable source of revenue and enhance its domestic manufacturing capabilities. The contract was reported by an unknown source.