RA International Group Shares Jump on GBP375 Million UK Government Contract
18 September 2023 - 12:29PM
Dow Jones News
By Christian Moess Laursen
Shares in RA International Group rose 35% after the company said
it has received a service contract from the U.K. government worth
up to 375 million pounds ($464.4 million).
At 0950 GMT, shares are up 3.00 pence at 11.50 pence.
The provider of remote-site services said Monday that the
contract, which it called strategically significant, is for a
minimum of two years, under which it will provide operational and
technical equipment to organizations in hostile environments.
The contract is awarded by U.K.'s Foreign, Commonwealth and
Development Office.
The value, timing and location of future orders will be
dependent upon the government's priorities and needs over the
period of the framework agreement, the company said.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
September 18, 2023 06:14 ET (10:14 GMT)
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