12th May 2014 07:20
LONDON (Alliance News) - Interserve PLC said Monday that its subsidiary, Landmarc Support Services, has won a GBP322 million contract with the Ministry of Defence to manage the MoD National Training Estate Prime contract.
The contract has an initial five year term with an option to extend for up to a further five years.
Interserve said the contract is one of the first of the Next Generation Estate Contracts to be awarded by the Defence Infrastructure Organisation, the MoD's property and services provider.
Under the terms of the deal Landmarc will support DIO in managing military training facilities across the MoD's 190,000 hectare UK training estate, a position it has held since 2003. The new contract includes more than 30 extra sites including the specialist electronic warfare range at RAF Spadeadam, the air weapons ranges and training facilities at Bovington and Lulworth, as well as Ballykinler and Magilligan in Northern Ireland, said the company.
Landmarc will deliver all the services required to ensure that military units undertaking training are successfully booked-in, accommodated, fed, re-fuelled and provided with safe and functional training facilities throughout their stay. This includes office and accommodation services, planned and preventative maintenance, catering, cleaning, vehicle maintenance, logistics, the operation and maintenance of training areas and ranges and maintenance of targetry equipment both in the UK and at other overseas locations.
"For the past decade, Landmarc has worked in partnership with DIO to support the vital training that is needed to prepare Britain's Armed Forces for operational success, as well as supporting the rural communities that live and work around the estate. We look forward to the opportunity to develop this relationship further over the next five years," Adrian Ringrose, Interserve CEO said.
Shares in Interserve were trading 2.03% higher shortly after the market open Monday, at 680 pence per share, one of the biggest gainers on the FTSE 250.
By Alice Attwood; [email protected]; @AliceAtAlliance
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