Last checked at 7 Sep 2021 07:00
This announcement contains inside information
RA INTERNATIONAL GROUP PLC
("RA International" or the "Company")
New Contract Award
RA International Group PLC (AIM: RAI), a specialist provider of complex and integrated remote site services to Humanitarian, Governmental and Commercial organisations globally, is pleased to announce the award of a significant new contract in a joint venture with ECC, the US based global construction and environmental remediation contractor.
The contract with US Navy Facilities Engineering Systems Command Far East is a five year contract for design and construction services supporting their base on the island of Diego Garcia in the Indian Ocean. The contract ceiling for this award is USD 249m and RA International and ECC will compete for individual task orders with four other awardees.
Soraya Narfeldt, CEO of RA International, commented: "We are delighted to announce this landmark contract which highlights the exceptional opportunity we have to establish partnerships with US companies to support overseas projects for the US government. As this contract demonstrates, working in tandem with US partners like ECC brings together our complementary relationships and expertise and allows us to extend the geographical reach of the services we provide. We very much look forward to working with ECC on this exciting multi-year opportunity."
Enquiries:
RA International Group PLC Soraya Narfeldt, Chief Executive Officer Lars Narfeldt, Chief Operating Officer Andrew Bolter, Chief Financial Officer
| Via Bamburgh Capital |
Canaccord Genuity Limited (Nominated Adviser and Broker) Bobbie Hilliam Alex Aylen
| +44 (0)207 523 8000 |
Bamburgh Capital Limited (Financial PR & Investor Relations) Murdo Montgomery
| +44 (0)191 249 7442 investors@raints.com |
About RA International
RA International is a leading provider of services to remote locations. The Company offers its services through three channels: construction, integrated facilities management and supply chain, and services three main client groups: humanitarian and aid agencies, governments and commercial customers, predominantly in the oil and gas and mining sectors. It has a strong customer base, largely comprising UN agencies, western governments and global corporations.
The Company provides comprehensive, flexible, mission critical support to its clients enabling them to focus on the delivery of their respective businesses and services. Focusing on integrity and values alongside making on-going investment in its people, locations and operations has over time created a reliable and trusted brand within its sector.