Veteran-Owned Security Co. Loses Army Contract to German Firm

Thursday, 23 Jan 2014 02:43 PM

By Courtney Coren

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Veteran-owned Pond Security has lost its contract with the Army to provide security at its posts in Germany to German company Sicherheit Nord.

Pond Security is owned and operated by Army veteran Daniel Pond and has been providing security for the Army in Germany since the 1980s, when he started the company, eventually becoming the only security provider for the Army's posts in the European country, Stars and Stripes is reporting.

The Army signed a multi-year contract with the German security company on Jan. 2 for $322 million. Sicherheit Nord provides security at German military bases as well.

The transition between the two companies has already begun and is expected to be completed by the end of May.

The loss of the Army contract is considered a major blow to Pond, which made up about 80 percent of his business, he said. He still has contracts with the Air Force and other commercial entities.

Related Stories:

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

D.C. Council Leaves Taxpayers with $14K Bill for Vegas Trip

Friday, 25 Jul 2014 16:10 PM

Taxpayers will be forced to pay a $14,000 bill for six Washington, D.C. Council members to attend a lavish convention in . . .

NYC Council Speaker: City Should House Unaccompanied Minors

Friday, 25 Jul 2014 14:18 PM

New York City Council Speaker Melissa Mark-Viverito said the city should follow the lead of other cities and offer to sh . . .

House GOP Slashes Obama Border Request, to OK Just $1B

Friday, 25 Jul 2014 13:31 PM

House Republicans plan to vote next week on a bill providing less than $1 billion of the $3.7 billion President Barack O . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved