Lakeland Industries secures fire equipment contract with Argentina’s aviation authority, providing a multi-brand safety solution.
Quiver AI Summary
Lakeland Industries, a global manufacturer of protective clothing, has secured a contract with Argentina's National Civil Aviation Administration (ANAC) for fire protection equipment. The deal includes a variety of products from Lakeland's multi-brand portfolio, such as Eagle structural suits, Veridian boots, Pacific fire helmets, and proximity suits. The contract's success is attributed to Lakeland's integrated approach, developed through recent acquisitions and its ongoing engagement with the Argentine fire service community. This win exemplifies Lakeland's competitive advantage in the fire safety sector and its ability to meet the diverse needs of aviation and municipal fire services, aiming to enhance revenue and shareholder value.
Potential Positives
- Lakeland Industries secured a significant fire equipment tender from ANAC, enhancing its visibility and reputation in the aviation safety sector.
- The award highlights Lakeland's integrated multi-brand Fire + Safety portfolio, showcasing its capability to meet comprehensive fire protection needs.
- This contract represents a competitive advantage for Lakeland, potentially leading to increased revenue and long-term value for shareholders.
- Winning against incumbent manufacturers indicates strong engagement and relationships with the Argentine fire service community, enhancing future business prospects in the region.
Potential Negatives
- Financial terms of the agreement were not disclosed, which could raise concerns about the profitability and strategic value of the contract.
- The tender specifications historically favored incumbent manufacturers and locally produced equipment, indicating potential challenges in market penetration and competitiveness.
- This award is for a single supplier, which may imply greater vulnerability to contract renewal risks in the future if performance does not meet expectations.
FAQ
What is the recent contract awarded to Lakeland Industries?
Lakeland was awarded a fire equipment tender by ANAC, Argentina's National Civil Aviation Administration.
What products are included in Lakeland's multi-brand fire safety portfolio?
The portfolio includes Eagle structural suits, Veridian boots, Pacific fire helmets, and Lakeland proximity suits.
How does Lakeland support fire services globally?
Lakeland provides comprehensive fire protective clothing and accessories, repair, and rental services globally.
Which industries does Lakeland serve?
Lakeland serves various industries, including oil, chemicals, healthcare, construction, and governmental agencies.
Where does Lakeland sell its products internationally?
Lakeland sells products in over 50 countries, including China, Canada, and several countries in South America.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LAKE Revenue
$LAKE had revenues of $52.5M in Q2 2026. This is an increase of 36.31% from the same period in the prior year.
You can track LAKE financials on Quiver Quantitative's LAKE stock page.
$LAKE Hedge Fund Activity
We have seen 43 institutional investors add shares of $LAKE stock to their portfolio, and 49 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PERRITT CAPITAL MANAGEMENT INC removed 554,840 shares (-92.7%) from their portfolio in Q3 2025, for an estimated $8,211,632
- WASATCH ADVISORS LP removed 438,644 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $6,491,931
- POLAR ASSET MANAGEMENT PARTNERS INC. removed 269,795 shares (-83.4%) from their portfolio in Q3 2025, for an estimated $3,992,966
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$LAKE Analyst Ratings
Wall Street analysts have issued reports on $LAKE in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Roth Capital issued a "Buy" rating on 12/10/2025
- Lake Street issued a "Buy" rating on 12/10/2025
- DA Davidson issued a "Buy" rating on 09/11/2025
To track analyst ratings and price targets for $LAKE, check out Quiver Quantitative's $LAKE forecast page.
$LAKE Price Targets
Multiple analysts have issued price targets for $LAKE recently. We have seen 3 analysts offer price targets for $LAKE in the last 6 months, with a median target of $19.0.
Here are some recent targets:
- Michael Shlisky from DA Davidson set a target price of $14.0 on 12/10/2025
- Gerry Sweeney from Roth Capital set a target price of $19.0 on 12/10/2025
- Mark Smith from Lake Street set a target price of $19.0 on 12/10/2025
Full Release
Lakeland’s Integrated, Multi-Brand Fire + Safety Portfolio Key to Securing Contract
Tender Includes Eagle Structural Suits and Gloves, Veridian Boots and Hoods, Pacific Fire Helmets and Lakeland Proximity Suits
HUNTSVILLE, Ala., Dec. 18, 2025 (GLOBE NEWSWIRE) -- Lakeland Industries, Inc. ("Lakeland Fire + Safety" or "Lakeland") (NASDAQ: LAKE), a leading global manufacturer of protective clothing and apparel for industry, healthcare and first responders, today announced it has been awarded a fire equipment tender by ANAC (Administración Nacional de Aviación Civil), Argentina’s National Civil Aviation Administration. Financial terms of the agreement were not disclosed.
ANAC is Argentina’s national government body responsible for the regulation, oversight, and promotion of civil aviation safety. With responsibility over the country’s airports, its Rescue and Firefighting Service SSEI (Servicio de Salvamento y Extinción de Incendios) provides services in the event of aviation accidents or incidents occurring within the airport or its vicinity.
“This tender was awarded to a single supplier and required the successful bidder to provide a complete fire protection solution across multiple product categories,” said Jim Jenkins, President and CEO of Lakeland Industries. “Our ability to offer an integrated, multi-brand Fire + Safety portfolio, developed through recent acquisitions and product expansion, was a key factor in securing the award. The contract includes a variety of equipment across our brands including Eagle structural suits and gloves, Veridian boots and hoods, Pacific fire helmets and Lakeland proximity suits.
“In addition, historically the tender specifications for this customer favored a range of incumbent manufacturers and locally produced equipment. Our global sales team’s sustained engagement with the Argentine fire service community enabled us to compete and ultimately win across the full scope of this award. We believe the competitive advantage of our multi-brand, multi-category platform will continue to deliver on single-award tenders across aviation and municipal fire services, building revenue and long-term value for our shareholders,” concluded Jenkins.
About Lakeland Fire + Safety
Lakeland Fire + Safety manufactures and sells a comprehensive line of fire services and industrial protective clothing and accessories for the industrial and first responder markets. In addition, we provide decontamination, repair and rental services that complement our fire services portfolio. Our products are sold globally by our in-house sales teams, our customer service group, and authorized independent sales representatives to a strategic global network of selective fire and industrial distributors and wholesale partners. Our authorized distributors supply end users across various industries, including integrated oil, chemical/petrochemical, automobile, transportation, steel, glass, construction, smelting, cleanroom, janitorial, pharmaceutical, and high-tech electronics manufacturers, as well as scientific, medical laboratories, and the utilities industry. In addition, we supply federal, state and local governmental agencies and departments, including fire and law enforcement, airport crash rescue units, the Department of Defense, the Department of Homeland Security and the Centers for Disease Control. Internationally, we sell to a mix of end-users directly and to industrial distributors, depending on the particular country and market. In addition to the United States, sales are made into more than 50 foreign countries, the majority of which were into China, the European Economic Community ("EEC"), Canada, Chile, Argentina, Commonwealth of Independent States (“CIS”) Region, Colombia, Mexico, Ecuador, India, Uruguay, Middle East, Southeast Asia, Australia, Hong Kong and New Zealand.
For more information about Lakeland, please visit the Company's website at www.lakeland.com .
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
This press release contains estimates, predictions, opinions, goals and other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, references to the Company's predictions or expectations of future business or financial performance as well as its goals and objectives for future operations, financial and business trends, business prospects, and management's expectations for earnings, revenues, expenses, inventory levels, capital levels, liquidity levels, or other future financial or business performance, strategies or expectations, including without limitation our M&A strategy and tariff mitigation plans. All statements, other than statements of historical facts, which address Lakeland's expectations of sources or uses for capital, or which express the Company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Forward-looking statements involve risks, uncertainties and assumptions as described from time to time in press releases and Forms 8-K, registration statements, quarterly and annual reports and other reports and filings filed with the Securities and Exchange Commission or made by management. As a result, there can be no assurance that Lakeland's future results will not be materially different from those described herein as "believed," "projected," "planned," "intended," "anticipated," "can," "estimated" or "expected," or other words which reflect the current view of the Company with respect to future events. We caution readers that these forward-looking statements speak only as of the date hereof. The Company hereby expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which such statement is based, except as may be required by law.
Investor Relations
Chris Tyson
Executive Vice President
MZ Group - MZ North America
949-491-8235
[email protected]
www.mzgroup.us