RA International Group PLC New Contract Award (7704M)
18 September 2023 - 11:39AM
UK Regulatory
TIDMRAI
RNS Number : 7704M
RA International Group PLC
18 September 2023
18 September 2023
RA INTERNATIONAL GROUP PLC
("RA International", "RA" or the "Group")
New contract award
Minimum two-year global framework agreement with the FCDO
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 strategically
significant new contract with the UK's Foreign, Commonwealth and
Development Office (FCDO). The minimum two-year global framework
agreement will see RA provide operational support capability funded
through the Conflict, Stability and Security Fund (CSSF),
commencing 18 September 2023.
The services which RA will most likely provide will be funded
from a sub-lot allocated to the CSSF valued, in aggregate, at a
maximum of GBP 375m (over 2 years). They relate to "providing and
delivering operational and technical equipment to organisations in
hostile environments in a Human Rights compliant manner", and
include the following sub-themes:
-- Responsible provision of non-lethal aid and equipment (e.g.
vehicles, tents, food, medicines etc.) into hostile
environments;
-- Provision of advice on administrative, logistics and human
resource reform to organisations operating in hostile environments,
with a view of improving working practices;
-- UK and international military protocols, structures and
practice in third party conflicts; and
-- Delivery in combined civilian and military environments and
operations and an appreciation of issues such as humanitarian
space.
The value, timing and location of future orders received by RA
will be dependent upon the UK Government's priorities and needs
over the period of the framework agreement. Scoring the highest out
of 27 awardees, we look forward to participating in task orders and
future work and expect the contract to be material to RA's existing
revenue base.
Soraya Narfeldt, CEO of RA International, commented: " This
latest contract solidifies our relationships with the UK MOD and
FCDO further, following awards with the MOD OSCC in 2022 and FCDO
earlier this year, and cements our Group strategy. Our global
reach, 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 were key factors in our success in gaining a seat on
the CSSF framework."
The information communicated in this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018, as amended.
Enquiries:
RA International Group plc Via Strand Hanson
Soraya Narfeldt, Chief Executive Officer
Lars Narfeldt, Chief Operating Officer
Strand Hanson Limited (Nominated & Financial
Adviser and Broker) +44 (0) 20 7409
Ritchie Balmer / James Spinney / David Asquith 3494
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.
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END
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