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Name | Symbol | Market | Type |
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Euro.bk. 36 | LSE:15IO | London | Medium Term Loan |
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RNS Number:4709L Kvaerner PLC 11 October 2001 Kvaerner awarded US$15 million contract by US Army LONDON, 11 OCTOBER 2001: Kvaerner, the Anglo-Norwegian engineering and construction Group, today announced that it has been awarded a US$15 million contract by the United States Department of Defence for Tropic Test Support Services at international locations, in support of the United States Army, Yuma Proving Ground, Arizona, USA. Kvaerner Process Services, Inc., Houston, USA, will provide support in engineering, logistics, materials, instrumentation, electronics, environmental sciences, communications and computer systems, as well as in supporting Cooperative Research and Development Agreements with international colleges and universities. The contract is for an initial period of five years with one three-year option to extend. Completion is scheduled for September 2009. Keith Henry, Chief Executive, Kvaerner E&C, said: "Kvaerner was competitively evaluated to be the best value contractor for provision of these environmental and operational test services. I am delighted that we have been awarded this contract, which reconfirms our outstanding reputation within the US Department of Defence and Industry." For further information, please contact: Kvaerner, London, Vanessa Mourant, Tel: +44 (0)20 7957 3290 or vanessa.mourant@kvaerner.com Kvaerner, William S. McVicar, Tel: +1 713 270 3103 or bill.mcvicar@kvaerner.com Notes to editors: Kvaerner is a world-class Anglo-Norwegian engineering and construction Group. It meets the needs of its customers by adding value to their business - through the provision of innovative, cost-effective solutions to engineering, contracting and construction challenges. The Group's activities are currently organised in two core business areas: E&C (Engineering and Construction), and Oil & Gas. Kvaerner is a Norwegian registered business, but has a London, UK-based international headquarters. The Group has annual revenues in excess of US$6 billion, with some 35,000 permanent staff located in almost 35 countries throughout Europe, Asia, the Americas, Australia, and Africa. www.kvaerner.com
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