Agility, a key logistics contractor for the U.S. Defense Department, will see its flagship defense logistics contract expire at the end of this year.
Chairman Tarek Sultan told reporters after a shareholders meeting on Thursday that the company will focus on commercial business in emerging markets, according to a Reuters report.
“We are going through a transitional period, and I think that it is important to concentrate on the commercial sector, because at the end of the day, this is what will stay,” he said.
Sultan declined to comment on the court case, in which Agility is accused of overcharging the U.S. government on an $8.5 billion supply contract to the U.S. military.
American Shipper chronicled the company in its June issue.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now