Mullen Automotive (NASDAQ:MULN) has become an exclusive partner to a new federal contractor.
The company announced today teaming up with Rapid Response Defense Systems (“RRDS”) to fast-track U.S. Federal Government opportunities for potential large-scale vehicle fleet orders.
RRDS, one of the country’s leading small business federal contractors, has executed over 2,500 federal government delivery orders since 2014.
The company currently holds a prime seat on 12 Indefinite Delivery/Indefinite Quantity (IDIQ) federal contracts with combined funding ceilings of $4 billion.
In 2021, U.S. Secretary of Labor Martin J. Walsh recognized RRDS as a recipient of the 2021 HIRE Vets Medallion Award during an award ceremony at the U.S. Department of Labor.
Mullen Automotive recently announced big EV updates as well as a $263 million order from Randy Marion Automotive Group.
Global EV Technology founder Lawrence Hardge says Mullen Automotive has a $10 billion contract with Saudi Arabia.
“This is not what somebody said or what you heard, this is reality. $10 billion contract with Saudi Arabia. And more to come …”
Mullen Automotive has not yet officially confirmed the rumor.
Today, MULN stock is up more than +4%.
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“RRDS is all about providing solutions to the federal government,” said Mullen’s Manager of Government Sales Ronald Dixon.
“Whether its designing products to meet Department of Defense mission requirements or enhancing supply chain logistics, they have a remarkable success record.
In addition, RRDS will be a key vehicle supplier to the General Service Administration in an awarded 5-year multibillion-dollar vehicle contract.
We are focused on selling our EV products to the federal government and view this relationship as a strategic step in accomplishing that goal.”
“With the federal government’s strong interest in electrifying a growing portion of its vehicle fleet, Mullen’s commercial portfolio is very well positioned,” said RRDS SVP – Federal Fred Bouman.
“Mullen’s Class 1 EV cargo van launches this year and will be the only class 1 EV van in the market. It is 100% electrified, making it a strong fit for federal government business.”
“Mullen Automotive is proud to team up with RRDS for U.S. government fleet opportunities for our Class 1 EV cargo vans,” said Mullen’s CEO and Chairman David Michery.
“We look forward to working closely with RRDS in meeting the demand for EVs across the U.S. government’s fleet of vehicles.”
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