Liquidity Services Announces 12-Month Contract Extension for DoD Scrap Property Sales

Liquidity Services LQDT today announced that the Defense Logistics Agency (DLA) has exercised the second of three twelve-month extension options under its Scrap Property sales contract (Scrap Contract), determining it to be in the best interest of the U.S. Government. Through this unilateral election, the Scrap Contract's performance period will be extended through June 9, 2014. During this extended period, the DoD will continue to use Liquidity Services as the exclusive channel for the disposition of scrap property that is approved by the DoD for sale to the public. Under the Scrap Contract, Liquidity Services manages the receipt, storage, marketing and disposition of virtually all scrap property generated by DoD installations throughout the United See full press release