Despite multimillion dollar government contracts, Explo Systems had fallen behind on its rent at the Louisiana base. Authorities say Explo officials asked earlier this year to lease more space at the base but that the request was turned down because the company was roughly $400,000 behind on rent.
Cleanup Continues At La. Explosive Company
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts