Lakeland Fire + Safety Secures Tender from Belgian Federal and Local Police Departments for Safety Footwear
Rhea-AI Summary
Lakeland Fire + Safety (NASDAQ: LAKE) announced an order from the Belgian Federal Police and local police departments for certified safety footwear on January 28, 2026. This marks the third award under a six-year tender relationship, highlighting product performance, supply reliability, and distributor-led delivery across Europe.
The company noted potential for further orders and emphasized cross-selling opportunities across fire, police, industrial, and military verticals.
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News Market Reaction – LAKE
On the day this news was published, LAKE declined 0.88%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
LAKE was down 1.41% pre-news, while key peers showed mixed, mostly modest moves: PLCE -0.23%, SGC -1.87%, JRSH 0%, JL +0.85%, LITB -1%. No broad, aligned sector move is indicated.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 26 | Shareholder letter update | Negative | +0.2% | Shareholder letter citing below-expectation results and strategic progress. |
| Jan 13 | Product certification | Positive | -2.4% | First NFPA 1970:2025 certification for Ultimate Glow+ firefighting gloves. |
| Dec 18 | International tender win | Positive | +0.8% | Fire equipment tender from Argentina’s ANAC for airport fire services. |
| Dec 09 | Earnings release | Negative | +0.0% | Fiscal Q3 2026 loss with weaker margins and guidance withdrawal. |
| Dec 03 | International PPE order | Positive | +4.6% | Malaysia Bomba order reinforcing Southeast Asia presence and cross-selling. |
Recent order and contract wins often saw modest positive reactions, while certification news drew a negative move, indicating inconsistent trading responses to operational updates.
Over the last few months, Lakeland has combined operational wins with financial challenges. Earnings for fiscal Q3 2026 showed a $16.0M net loss and pressured margins, followed by a shareholder letter noting results below expectations. At the same time, the company secured multiple international PPE orders in Malaysia and Argentina and achieved NFPA 1970:2025 certification for new firefighting gloves. These contracts and certifications, including today’s Belgian police footwear order, highlight a strategy of expanding global tenders and cross-selling across geographies and verticals.
Market Pulse Summary
This announcement highlights Lakeland’s third award under a six-year tender, supplying certified safety footwear to Belgian federal and local police forces, covering organizations with roughly 12,300 federal personnel and about 30,000 local officers. It reinforces the company’s strategy of leveraging local distributors, regulatory expertise, and cross-selling across geographies and verticals. Set against recent international PPE orders and product certifications, investors may watch how recurring tender wins translate into revenue growth and margin improvement following prior losses.
Key Terms
tender financial
AI-generated analysis. Not financial advice.
Third Award in Six-Year Tender Agreement Demonstrates Global Reach Across Industry Verticals
HUNTSVILLE, Ala., Jan. 28, 2026 (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 received an order from the Belgian Federal Police and Local Police departments for certified safety footwear. Terms of the order were not disclosed.
The Belgian Federal Police force carries out specialized and supra-local administrative and judicial police operations, supporting both local and federal police services and units, and has approximately 12,300 officers and civilian personnel. Belgium is subdivided into 196 local police areas, with approximately 30,000 local police officers.
“This order represents the third time we have been awarded this tender, driven by the strong overall performance, comfort and durability of the footwear during the end-user testing phase,” said Jim Jenkins, President and CEO of Lakeland Fire + Safety. “A combination of product quality and proven supply reliability has been a consistent strength of this partnership over successive contract cycles, supporting the long-term sustainability of our relationship. We believe there is potential for further orders in future contract cycles and look forward to providing additional safety footwear to Belgium’s police forces.
“Also underscored in the order is the full reach of our products across geographies and verticals. Our premium boot line has a global reputation for quality and design, with markets in Europe, Latin America and the U.S, and are used by fire, police, industrial, and military organizations looking for the best technologies for safety in extreme conditions. This transaction utilized Lakeland's local distributor, demonstrating the advantage of leveraging established relationships, local market knowledge, and regulatory expertise. It also highlights the potential for attractive cross-selling across our markets and verticals as we strengthen our leading global fire brand,” 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
LAKE@mzgroup.us
www.mzgroup.us
FAQ
What did Lakeland (LAKE) announce about the Belgian police order on January 28, 2026?
How large is the Belgian police force referenced in Lakeland's LAKE announcement?
Does Lakeland expect more orders from Belgium after this LAKE tender win?
How did Lakeland deliver the Belgian police footwear order in the LAKE announcement?
What markets and verticals did Lakeland highlight in the LAKE news about the Belgian order?
