McRae Industries, Inc.

What McRae Industries, Inc. does

McRae Industries, Inc. is a publicly traded (MCRAA:OTCMKTS) small-cap military footwear manufacturer headquartered in Mount Gilead, United States, that designs, manufactures, and distributes combat boots for the U.S. Marine Corps. The company's product portfolio consists of two core lines: temperate weather combat boots and cold weather boots, both produced to meet stringent military specifications for durability, protection, and performance across varied weather conditions. The company has been operating since 1959 and runs with a lean employee base (reported as 1-10) while securing multi-year federal contracts.

The business model is exclusively contract-based, with all revenue generated through firm fixed price indefinite delivery/indefinite quantity (ID/IQ) awards from the Defense Logistics Agency (DLA) Troop Support. Recent awards include a four-year Marine temperate weather combat boot contract awarded June 26, 2026 (estimated value $24.3 million, maximum $31.7 million) and a four-year cold weather boots contract valued at approximately $32 million running through June 25, 2030. Distribution occurs entirely through government defense procurement channels; the company does not serve commercial or consumer retail markets. Marketing and visibility are driven by press releases via PR Newswire and financial news coverage of contract awards and earnings.

In the first six months of fiscal 2026, McRae reported consolidated net revenues of $59.2 million with net earnings of $2.4 million, though profitability was pressured by tariff-driven gross margin compression to 25.8% from 27.5% in the prior year period. The company received approximately $2.5 million in U.S. government tariff refunds as partial offset and its Board authorized a $700,000 stock repurchase program, indicating capital return initiatives alongside contract execution.

Name

McRae Industries, Inc.

Legal name

McRae Industries, Inc.

Website

https://mcraeandcompany.co.uk

Company type

Public

Founded year

1959

Operating status

Operating

Headcount range

1–10 employees

Short description

McRae Industries is a publicly traded U.S. military footwear manufacturer (MCRAA) that designs and produces temperate and cold weather combat boots for the U.S. Marine Corps under multi-year Defense Logistics Agency contracts, reporting $59.2M in revenues for the first half of fiscal 2026.

Ownership category

akta.pro rank

Product category

Military Footwear Manufacturing

SIC

Rubber & Plastics Footwear (3021)

akta.pro primary industry

Military Operations & Force Readiness (BPAIAHAA)

Keywords

• Military footwear manufacturing
• Combat boots production
• Defense apparel
• Tactical footwear
• Government contract manufacturing

Headquarters

HQ city

Mount Gilead

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Others

Revenue model

1. Military Boot Manufacturing Contracts: McRae Industries generates revenue through firm fixed price indefinite delivery/indefinite quantity (ID/IQ) contracts with the U.S. Defense Logistics Agency. These multi-year contracts provide a guaranteed estimated value with maximum award amounts, supplying combat boots to military branches. Revenue is contract-based and government-funded.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

McRae Industries designs, manufactures, and distributes military combat boots for the U.S. Marine Corps under firm fixed price indefinite delivery/indefinite quantity contracts with the Defense Logistics Agency (DLA) Troop Support. Its core offerings include Marine Corps temperate weather combat boots and cold weather boots produced to military specifications.

Product overview

McRae Industries, Inc. is a manufacturer of military combat boots supplying the U.S. Department of Defense. The company's product portfolio consists of temperate weather combat boots and cold weather boots for the U.S. Marine Corps, produced under firm fixed price contracts with the Defense Logistics Agency. The company operates as a small-cap publicly traded company (MCRAA:OTCMKTS) with manufacturing operations focused on boot production.

Differentiator

Problem solved

Functional benefit

Products and services

• Marine Corps Temperate Weather Combat Boots
• Cold Weather Boots

Quantifiable outcome

• $24.3M estimated contract value with $31.7M maximum for Marine temperate weather combat boots over four years
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• U.S. Defense Logistics Agency (DLA) Troop SupportcoreOthers · 26 June 2026McRae Industries received a four-year firm fixed price indefinite delivery/indefinite quantity contract from DLA Troop Support on June 26, 2026, for Marine temperate weather combat boots with estimated value of $24.3M and maximum of $31.7M. This represents the company's primary government customer relationship for boot manufacturing operations.

Scale indicators7 records

Recent moves4 records

Expansion highlights3 records

Emerging players

• Original Footwear (Original Swat / Smith & Wesson Footwear): Tactical and military footwear brand focused on law enforcement and military markets. Comparable niche player with similar MILSPEC boot offerings, though often serving adjacent tactical rather than core DLA Marine Corps contracts.

Direct peers

• Belleville Boot: One of the largest dedicated U.S. military boot manufacturers, supplying combat and temperate/cold weather boots to the Department of Defense. Directly comparable to McRae as a specialist in MILSPEC footwear competing for the same DLA contracts.
• Rocky Brands: Publicly traded footwear company (RCKY) that includes military and duty uniform footwear among its product lines. Comparable in that it produces boots for defense and government markets, though broader in commercial footwear.
• Danner Boots: Manufactures MILSPEC and tactical boots supplied to U.S. military and law enforcement. Operates in the same defense-procurement footwear category as McRae, with comparable contracts and customer segments.
• Bates Footwear: Long-standing supplier of military and tactical footwear to the U.S. armed forces, including combat boots issued through DLA Troop Support. Directly comparable product line and customer base to McRae Industries.
• Altama Footwear: Specialist in military and tactical footwear, including boots supplied to U.S. military and allied forces. Directly comparable niche manufacturer competing in the same DLA boot procurement space.
• Wellco (Weinbrenner Shoe Company): Heritage military boot manufacturer producing combat and tactical footwear for U.S. armed forces and allies. Direct peer in military-spec boot manufacturing competing for similar DLA procurement awards.

Broad incumbents

• Under Armour: Major athletic and tactical apparel/footwear company that holds U.S. military contracts for training and combat footwear. Broader incumbent with significant resources competing in adjacent defense footwear categories.
• Wolverine World Wide: Large diversified footwear conglomerate that owns Bates and other military/tactical brands. Comparable as a parent of major military boot suppliers, though its overall business extends well beyond defense.
• LaCrosse Footwear: Footwear manufacturer whose portfolio includes Danner and other tactical/military lines. Broader incumbent that produces combat-adjacent footwear through owned brands competing in similar defense procurement channels.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about McRae Industries, Inc.