RA International Group PLC US$9.1m Contract Win with URS Group, Inc. (0432F)

TIDMRAI

RNS Number : 0432F

RA International Group PLC

24 October 2018

24 October 2018

This announcement contains inside information

RA INTERNATIONAL GROUP PLC

("RA International" or the "Company" and, together with its subsidiaries, the "Group")

US$9.1m Contract Win with URS Group, Inc.

RA International Group PLC (AIM: RAI), a leading provider of services to remote locations in Africa and the Middle East, is pleased to announce that it has been awarded a contract by URS Group, Inc., a subsidiary of AECOM, to provide construction services in Somalia.

The contract is being managed by AECOM, who is a new client of RA International. AECOM is one of the world's leading construction and civil engineering firms with revenues of over US$18 billion in FY 2017.

The project involves repairing an asphalt runway for the US Naval Facilities Engineering Command (NAVFAC) in Somalia. The total contract value for the Company is just over US$9.1 million and the project is for a duration of approximately eleven months, commencing in late 2018.

Soraya Narfeldt, CEO of RA International, commented: "We are pleased to have partnered with AECOM to secure this latest contract in Somalia. The area where the project is to be undertaken is one where we have been working for six years and already have a team on the ground. This will enable us to work seamlessly with AECOM to deliver the exacting requirements of the US Navy, as the US Government continues to improve Somalia's infrastructure and military capability."

Enquiries:

 
 RA International Group PLC                      Via IFC Advisory 
  Soraya Narfeldt, Chief Executive Officer 
  Lars Narfeldt, Chief Operating Officer 
  Andrew Bolter, Chief Financial Officer 
 Cenkos Securities PLC (Nominated Adviser and 
  Broker) 
  Beth McKiernan                                 [phone] 
  Derrick Lee                                     6939 
 IFC Advisory Limited (Financial PR & IR) 
  Tim Metcalfe 
  Heather Armstrong                              [phone] 
  Florence Chandler                               6600 
 

Background to the Company

RA International is a leading provider of services to remote locations in Africa and the Middle East. It specialises in five service verticals: construction; integrated facilities management; operation and maintenance; accommodation; and supply chain logistics. It has a strong customer base, largely comprising UN agencies, western governments and global corporations.

The Group provides comprehensive, flexible, mission critical support to its clients enabling them to focus on the delivery of their respective businesses and services. RA International's focus on integrity and values alongside on-going investment in people, locations and operations has over time created a reliable and trusted brand within its sector.

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October 24, 2018 05:58 ET (09:58 GMT)