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Under Armour, Inc. (UA) Signs Five-Year Agreement with The University of Maryland

QualityStocks (September 19th, 2008) Writes:

Under Armour, Inc. (UA), based in College Park, Maryland, was founded in 1996 by former University of Maryland football player Kevin Plank. The company is the originator of performance apparel engineered to keep athletes cool, dry and light throughout the course of a game, practice or workout. With retailers across the U.S., Canada, the U.K., Ireland and Australia, the company offers a diverse assortment of apparel for men, women and youth.

The company recently announced that it will become the exclusive official outfitter of The University of Maryland (UM) Department of Athletics effective January 1, 2009. The five-year, $17.5M agreement gives Under Armour the right to provide uniforms, apparel and footwear to each of the Terps’ 27 varsity sports, including football, men’s and women’s basketball, lacrosse and soccer. The company previously signed apparel partnerships with UM’s football, men’s soccer, and men’s lacrosse teams.

The department-wide outfitter agreement includes

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