Posted Date: 12/3/2010
The U.S. Defense Department has been steadily increasing its purchases of fasteners and hardware. At BidLink, we have studied government buying activity for screws, bolts, studs, nuts, washers, nails & rivets over the past five years and found that hardware is a growth industry. In 2009, the Defense Logistics Agency, the primary procurement arm of the Defense Department purchased $233 Million worth of fasteners.
Although all of the numbers are not in yet, we predict 2010 will be down slightly, closer to $200 million…
Source : American Fastener Journal – Read full article in the news section