Security Stock Soars to 5-month High After U. S. Postal Service
Contract Is Reaffirmed
The company’s stock price is up almost 24%
after announcing in a SEC filing it received confirmation it won a
U. S. Postal Service contract worth $250 million over 10 years.
Photo Credit: Command Security Corp.
| Command Security Corp. said
it has been notified by the U. S. Postal Service of its
decision to confirm the award of a contract valued at $250
million over a 10-year period. The company provides
uniformed security officers, aviation security services and
support security services to commercial, financial,
industrial, aviation and governmental customers throughout
HERNDON, Va. — Command Security Corp. (NYSE MKT: MOC) jumped to
the highest in five months after the security services company said
it had been notified by the U. S. Postal Service (USPS) of its
decision to confirm the award of a contract valued at $250 million
over a 10-year period.
Shares surged to $2.83 on Monday, the
highest intraday price since June 18, before trimming gains to trade
at $2.38, up 15%, at 11:52 a.m. Thursday in New York.
The USPS and Command Security, based here, will begin to develop
the transition process for the company to formally assume the
responsibilities under the USPS contract, Command Security said in a
“We have waited a long time for this affirmation and hope there
will be no further delays or roadblocks imposed to disrupt this
important work,” CEO Craig Coy said in the
Command Security initially received
notification on December 31, 2014, of the USPS contract award, which
provides for security services at 50 USPS locations in 18 states,
Puerto Rico and the District of Columbia. It is valued at $20
The contract also covers the operation of the
two USPS National Law Enforcement Communication Centers (NLECC) at
Dulles International Airport, Virginia and in Ft. Worth, Texas,
valued at $5 million per year.
The award includes a four-year base contract
and three two-year options.
On January 29, Command Security said the USPS
had issued a stay of the transition of the USPS contract awarded to
the company pending the resolution of a dispute over the award of
On January 27, the company was notified by the USPS that ABM
Security Services had lodged a protest with the USPS seeking to
overturn the contract that was awarded to the company.
In a decision dated June 15, the USPS Supplier Disagreement
Resolution Officer found that the USPS contract awarded to the
company represented the best value for the USPS.
The Supplier Disagreement Resolution Officer denied the
disagreement filed by ABM, and lifted the stay on the performance of
the USPS contract with the company.
Command Security and its Aviation Safeguards subsidiary provides
uniformed security officers, aviation security services and support
security services to commercial, financial, industrial, aviation and
governmental customers throughout the U.S.
Sept 10, 2015 - Email List Information - from
has been real quiet so now might be a good time to pass on a little
information on our mail list.
Note: This is a private email DL for members only. If you're
a member of the class of '72, a relative or a friend and you want to
be added to this DL, please send an email to the DL for review and
approval. All junk email will not be accepted and will be
As best as I can tell
(looking from the sending side) the delivery problems have been
corrected, Verizon and SBC being the last hold outs. Any receipt
problems I now assume to be spam settings and filters at the
receiving end. I have a gmail I watch and haven't had any spam
messages from the list in a while so am hopeful they've got us off
The list postings have been
slow, but I haven't seen to many bounces. If a bounce does occur,
every email server on the list rejects the message and the cause is
always for strange characters embedded in the text normally around
an apostrophe and a "non-breaking" space. It appears to be caused by
an HTML editor and sometimes in Outlook. The fix is to send messages
using only "plain text" settings in your client.
The way to detect if a bounces has occurred
is to monitor your inbox after making a post, if you don't get your
message back in a short time, it likely bounced and you will need to
resend in a plain text format.
I've turned on a monthly auto-generated message concerning mail-list
membership as a "ping" to the list. There is no action required on
this message and we need to use it just as an affirmation that we
are receiving messages from the list. So, if you don't get a
message like this every month contact me or Mark and we'll
investigate (please check your spam setting as well!)
Anyway, Go Bears!
2/27/12, from Chuck McCarthy
Homecoming 2012 is
approaching, September 28th and 29th.
committee is hard at work organizing yet another memorable event.
There are alumni sponsored events (see
for FAQ and other homecoming news) and class events.
The Mystic Hilton (across the street from the Mystic Aquarium) will
be our headquarters. Our Friday night coctail party and Saturday
dinner/dance will be held there. Rooms will be available at special
rates. (More to follow on the Hilton.) The tailgate party will be at
the new alumni center just North of Cadet Memorial Field (aka Jones
If you haven't been to a runion in awhile (or
even not at all), consider joining us for these fun events. It is a
great chance to reconnect with those you might have lost touch over
the years and see how much the academy has changed since we were
So, save the 28th and the 29th of September,
2012. More information will be forthcoming as we firm up all
the plans and prices.
For the reunion committee,
6/20/12 - Marv published his new web site for Marine
(Link also included for Marv on the Email Directory)
3/10/12 - Ben Stoppe awarded the "Coast
Guard Meritorious Public Service Award" in Nov 2011
2/29/12, from Chuck McCarthy
Wall of Gallantry - Bill Turek
of Heroes in the Spring of 2012
On Friday, April
20th, Bill Turek is being inducted to the Wall of Gallantry at the
Academy. Bill's daughter, Laura, will be in attendance with her
husband, Mike, and newborn son, Liam. The ceremony is at 4:05 p.m.
on the parade ground. Laura would like to meet her dad's classmates
who will be there.
There are a number of us that
will be attending the ceremony. Robbie (the brains and beauty in our
marriage) spoke to Laura about the possibility of those in
attendance going out for dinner afterwards and she thought that was
a good idea. The baby will only be 3 months old at that time so she
is not sure how he might make out during the day and would like to
play dinner by ear.
If you plan to attend and would
like to go to dinner after, could you please let me know so we can
get a head count?
9/14/11 - Larry Brudnicki sent the class this note:
Bill Turek will be inducted into the
Hall of Heroes in the Spring of 2012
Gary Swan Memorial