24th Sep 2024 18:19
(Alliance News) - RA International Group PLC on Tuesday said that it has been awarded a new contract with the United Nations Support Office in Somalia
According to the specialist provider of complex and integrated remote site services, the contract is for three years, with the option of two additional years. It is valued between USD32 million and USD36 million in aggregate over this five year period.
The contract is due to start immediately.
RA International Group said that it has contributed to the company doubling its order book in the third quarter.
"Following on from the recently announced MOD contract, the UNSOS contract win highlights RA's exciting momentum. It has contributed to the Company doubling its Order Book in Q3 2024, providing long term security and revenue visibility. We are delighted to extend our support to UNSOS for another five years as they continue their efforts in Somalia," said Chief Executive Officer Soraya Narfeldt.
Shares in RA International Group closed 11% higher at 8.19 pence each in London on Tuesday.
By Holly Beveridge, Alliance News senior reporter
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