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RA International signs further $15.6m order with IAP 

08:47, 3rd April 2020
Francesca Morgan
RNS Newswire
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London-listed RA International Group (AIM:RAI FOLLOW) has signed a further task order with government service provider, IAP Worldwide Services, in a deal worth up to US$15.6m. 

The order expands upon the previously signed master service agreement in March 2019 which enabled RA to provide supply chain services to IAP on a global scale. 

The initial order, which saw RA providing its services in sub-Saharan Africa, was valued at $8.5m and will run until 2023. 

Under the terms of the second order which has been placed under the MSA, RA will provide services in an African country for a total value of up to US$15.6m. 

Shares in RA International Group were trading 7.35% higher at 36.5p during Friday morning. 

RAI price chart

The provider of services to remote locations in Africa and the Middle East told investors that the order, which has already commenced, is currently anticipated to run until April 2023. 

"We are excited to be working with IAP on another important project and based on previous work for this client, we believe our team is well placed to deliver on their requirements,” said Soraya Narfeldt, CEO of RA International. 

She added, “This continued partnership is a true testament to our highly skilled and trusted teams and the quality of our service." 

Focused on serving those involved in humanitarian operations, as well as the oil & gas and mining industries, RA has worked with private enterprises including the UN and World Bank. 

Follow News & Updates from RA International Group here: FOLLOW

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