RA International Group PLC US$9.1m Contract Win with URS Group, Inc. (0432F)
October 24 2018 - 5:58AM
UK Regulatory
TIDMRAI
RNS Number : 0432F
RA International Group PLC
24 October 2018
24 October 2018
This announcement contains inside information
RA INTERNATIONAL GROUP PLC
("RA International" or the "Company" and, together with its
subsidiaries, the "Group")
US$9.1m Contract Win with URS Group, Inc.
RA International Group PLC (AIM: RAI), a leading provider of
services to remote locations in Africa and the Middle East, is
pleased to announce that it has been awarded a contract by URS
Group, Inc., a subsidiary of AECOM, to provide construction
services in Somalia.
The contract is being managed by AECOM, who is a new client of
RA International. AECOM is one of the world's leading construction
and civil engineering firms with revenues of over US$18 billion in
FY 2017.
The project involves repairing an asphalt runway for the US
Naval Facilities Engineering Command (NAVFAC) in Somalia. The total
contract value for the Company is just over US$9.1 million and the
project is for a duration of approximately eleven months,
commencing in late 2018.
Soraya Narfeldt, CEO of RA International, commented: "We are
pleased to have partnered with AECOM to secure this latest contract
in Somalia. The area where the project is to be undertaken is one
where we have been working for six years and already have a team on
the ground. This will enable us to work seamlessly with AECOM to
deliver the exacting requirements of the US Navy, as the US
Government continues to improve Somalia's infrastructure and
military capability."
Enquiries:
RA International Group PLC Via IFC Advisory
Soraya Narfeldt, Chief Executive Officer
Lars Narfeldt, Chief Operating Officer
Andrew Bolter, Chief Financial Officer
Cenkos Securities PLC (Nominated Adviser and
Broker)
Beth McKiernan +44 (0)131 220
Derrick Lee 6939
IFC Advisory Limited (Financial PR & IR)
Tim Metcalfe
Heather Armstrong +44 (0)20 3934
Florence Chandler 6600
Background to the Company
RA International is a leading provider of services to remote
locations in Africa and the Middle East. It specialises in five
service verticals: construction; integrated facilities management;
operation and maintenance; accommodation; and supply chain
logistics. It has a strong customer base, largely comprising UN
agencies, western governments and global corporations.
The Group provides comprehensive, flexible, mission critical
support to its clients enabling them to focus on the delivery of
their respective businesses and services. RA International's focus
on integrity and values alongside on-going investment in people,
locations and operations has over time created a reliable and
trusted brand within its sector.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
CNTMIBLTMBATMIP
(END) Dow Jones Newswires
October 24, 2018 05:58 ET (09:58 GMT)
Ra (LSE:RAI)
Historical Stock Chart
From May 2024 to Jun 2024
Ra (LSE:RAI)
Historical Stock Chart
From Jun 2023 to Jun 2024