Interserve Regulatory News (IRV)

14 Nov 2011 07:00

14 November 2011

MOD AWARDS INTERSERVE INTERNATIONAL DEFENCE CONTRACTS WORTH A POTENTIAL £420m

Support in Cyprus, Falklands, Ascension and Gibraltar

Defence Infrastructure Organisation (DIO) has awarded Interserve, the international support services and construction group, new contracts in Cyprus, the Falkland Islands, Ascension Island and Gibraltar. The combined contracts are worth an estimated £60 million a year for five years with the possibility of extensions for a further two, creating a potential total value of £420 million.

Interserve currently holds the contracts for Cyprus, the Falkland Islands and Ascension Island. Its record in delivering support services here has contributed to the award of the new contracts, with expanded scope at Ascension Island, and to the addition of Gibraltar. The work will run until at least 2017 in the islands and until 2018 in Gibraltar, following the expiry of the current contracts in 2012 and 2013 respectively.

By providing a single, strategic, UK-based management structure and a bundled package of services for all the territories, Interserve will create efficiencies and deliver more for less, ensuring an enhanced service together with significant cost savings to DIO.

The contracts will cover mechanical, electrical and building-related services. On Ascension Island Interserve will also provide `soft' facilities management services including accounting, logistics, catering, cleaning, pest control, aircraft handling, flight planning and security services. For Gibraltar additional specialist work is required for marine and harbour work and nuclear services.

Adrian Ringrose, Chief Executive of Interserve, commented, "Our strong track record and in-depth understanding of the MoD's particular requirements will enable us to give these bases the kind of specialist support they need in order to carry out their activities in sometimes very difficult circumstances.

"Our ability to respond to emergencies and unexpected changes, including major adjustments to the Authority's requirements, is fundamental to Interserve's service delivery - we have embedded responsive change management procedures in our delivery model for each territory."

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For further information please contact:

Giles Scott 0118 960 2307 Head of Corporate Communications Elizabeth Morley / Tom Eckersley 020 7379 5151 Maitland Tony Moran 0121 311 3879 DIO About Interserve

Interserve's vision is to be the Trusted Partner of all our stakeholders. We are one of the world's foremost support services and construction companies, operating in the public and private sectors in the UK and internationally. We offer advice, design, construction, equipment and facilities management services for society's infrastructure. Interserve is based in the UK and is listed in the FTSE 250 index. It has revenue of £1.9 billion and a workforce of nearly 50,000 people worldwide.

Defence website: www.defence.interserve.comGeneral website: www.interserve.com.

About DIO

Defence Infrastructure Organisation (DIO) is part of the Ministry of Defence (MOD). It is responsible for managing and maintaining land and properties to meet the current and future needs of the MOD and personnel at home and abroad, and to support current operations.

DIO's work includes providing, supporting and improving: operational units; single living and service family accommodation; training areas and historic military sites. DIO actively manages these to ensure the needs of Defence are met, value for money is achieved, our heritage is protected and to achieve our environmental goals.