Last checked at 18 Sep 2023 10:39
18 September 2023
RA INTERNATIONAL GROUP PLC
("RA International", "RA" or the "Group")
New contract award
Minimum two-year global framework agreement with the FCDO
RA International Group PLC (AIM: RAI), a specialist provider of complex and integrated remote site services to organisations globally, is pleased to announce the award of a strategically significant new contract with the UK's Foreign, Commonwealth and Development Office (FCDO). The minimum two-year global framework agreement will see RA provide operational support capability funded through the Conflict, Stability and Security Fund (CSSF), commencing 18 September 2023.
The services which RA will most likely provide will be funded from a sub-lot allocated to the CSSF valued, in aggregate, at a maximum of GBP 375m (over 2 years). They relate to "providing and delivering operational and technical equipment to organisations in hostile environments in a Human Rights compliant manner", and include the following sub-themes:
· Responsible provision of non-lethal aid and equipment (e.g. vehicles, tents, food, medicines etc.) into hostile environments;
· Provision of advice on administrative, logistics and human resource reform to organisations operating in hostile environments, with a view of improving working practices;
· UK and international military protocols, structures and practice in third party conflicts; and
· Delivery in combined civilian and military environments and operations and an appreciation of issues such as humanitarian space.
The value, timing and location of future orders received by RA will be dependent upon the UK Government's priorities and needs over the period of the framework agreement. Scoring the highest out of 27 awardees, we look forward to participating in task orders and future work and expect the contract to be material to RA's existing revenue base.
Soraya Narfeldt, CEO of RA International, commented: "This latest contract solidifies our relationships with the UK MOD and FCDO further, following awards with the MOD OSCC in 2022 and FCDO earlier this year, and cements our Group strategy. Our global reach, ability to mobilise quickly and self-perform, and our track record in delivering critical projects in environments where our clients are often faced with extreme political or operational constraints were key factors in our success in gaining a seat on the CSSF framework."
The information communicated in this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.
Enquiries:
RA International Group plc Soraya Narfeldt, Chief Executive Officer Lars Narfeldt, Chief Operating Officer
| Via Strand Hanson |
Strand Hanson Limited (Nominated & Financial Adviser and Broker) Ritchie Balmer / James Spinney / David Asquith
| +44 (0) 20 7409 3494 |
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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 two main client groups: humanitarian and aid agencies and western government organisations focusing on overseas projects. It has a strong customer base, largely comprising UN agencies, UK and US government departments 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.