Great Star lands $30M annual power tool contract

Great Star Industrial has secured a three-year procurement deal with a Fortune 500 retailer for its 20V cordless lithium battery power tools across thousands of global stores. The agreement guarantees annual orders of at least $30 million, representing over 10% of Great Star's 2024 power tool revenue. Production for the US market will be handled at the company's Vietnam facility. The manufacturer expects $20 million in sales for 2025, though this represents less than 2% of its total 2024 revenue. This marks Great Star's first major international order since expanding its power tool line in 2021, validating its global supply chain strategy.