Hawaiian Electric lands $638.5M defense contract

Hawaiian Electric announced Thursday that the company was awarded a regulated, tariff-based $638.5 million U.S. Defense Logistics Agency contract.

The 50-year contract allows Hawaiian Electric to own, operate and maintain the electric distribution system serving 12 U.S. Army installations on Oahu.

A competitive bidding process between five bidders began in 2016 for the contract. Alan Oshima, Hawaiian Electric president and CEO, said that Hawaiian Electric looks to “deliver a cost-effective, long-term…

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