Last checked at 30 Sep 2022 07:01
This announcement contains inside information
RA INTERNATIONAL GROUP PLC
("RA International", "RA" or the "Company")
New Contract Award
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 significant new contract to provide operational support capability to the UK Ministry of Defence (the "MoD").
The contract is a five-year global framework agreement which contains two additional option years (the "OSCC Framework Agreement"). The contract ceiling is GBP 35 million and will be drawn down as tasks are issued.
Under the OSCC Framework Agreement, RA will provide support requirements to the MoD when the requirements fall outside the scope of existing contract vehicles. Specific services to be performed include:
- The provision of infrastructure to support deployments of personnel outside of the UK, including the planning, design and construction of camp accommodation sites;
- The provision of related support services, including integrated facilities management and the provision of life support services; and
- Personnel and equipment provision, including equipment procurement, the management of transport logistics and the sourcing and training of specialist, security cleared support personnel.
The contract start date is effective from 1 December 2022 and RA will be increasing the size of its UK operations to help facilitate and oversee the delivery of this contract.
Soraya Narfeldt, CEO of RA International, commented: "We are delighted to be extending and deepening our relationship with the MoD through this landmark contract. This contract highlights a number of the key attributes we offer clients - our global reach, our 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. These strengths are the foundation to build on our existing track record as a trusted partner with government clients, a core pillar of our growth strategy."
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
| +44 (0)207 523 8000 |
Bamburgh Capital Limited (Financial PR & Investor Relations) Murdo Montgomery
| +44 (0)131 376 0901 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 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.