JACKSONVILLE, Fla. - Cadre Holdings Inc. (NYSE:CDRE) announced that its subsidiary Safariland has been selected as the ballistic panel provider for Predictive Ballistics LLC’s Overt Armor Kit, which was awarded a five-year, $61 million Indefinite Delivery/Indefinite Quantity contract by the Federal Bureau of Investigation. The contract win comes as the $1.31 billion market cap company trades at $30.20, down roughly 28% over the past six months.
The contract also makes the armor system available to the United States Marshals Service, the Drug Enforcement Administration and other Department of Justice agencies, according to a press release statement.
Safariland’s SX HP ballistic panel, introduced in 2025, was selected over 11 competing products following an evaluation process that assessed ballistic performance, construction quality and end-user testing for function, fit and comfort.
"This award represents a major accomplishment for our team and underscores the constant commitment to innovation that remains at the heart of everything we do," said Brad Williams, President of Cadre Holdings. The company remains profitable with revenue of $636 million over the last twelve months, according to InvestingPro data, which shows CDRE trading near its Fair Value. Investors can access comprehensive analysis through one of 1,400+ Pro Research Reports available for US equities.
The Jacksonville, Florida-based company manufactures and distributes safety equipment for law enforcement, first responder, military and nuclear markets. Its products include body armor, explosive ordnance disposal equipment, duty gear and nuclear safety products used in over 100 countries.
The contract represents federal law enforcement business for Cadre, which develops products for markets with performance standards and equipment modernization cycles. Federal agency contracts typically feature multi-year terms and defined delivery schedules.
Predictive Ballistics, a California-based certified small business with a GSA MAS contract, combines personal protective equipment with ballistic education for public safety teams.
In other recent news, Cadre Holdings announced its first-quarter 2026 earnings, which did not meet forecasts. The company reported an earnings per share (EPS) of $0.05, which was half of the projected $0.10. Revenue also fell short, coming in at $155.4 million compared to the expected $156.66 million. These results indicate a notable miss in both earnings and revenue expectations. Although the stock price movement was noted, the primary focus remains on the earnings and revenue figures. There were no updates on mergers or acquisitions. Additionally, no analyst upgrades or downgrades were mentioned in the recent reports. These developments are the latest updates regarding Cadre Holdings.
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