Mubasher: Agility Public Warehousing announced that one of its subsidiaries was awarded a contract from the US Defense Logistics Agency to supply fuel storage services in Guam, a US island territory in Micronesia, in the Western Pacific, for a value of $62 million.
The contract has a duration of four years in addition to another five years as an optional period, therefore, the total value of the contract including the optional duration will total $142 million, according to a bourse statement on Monday.
Revenues from this contract will reflect on Agility’s budget during the contract’s duration.
It is noteworthy that Agility is listed on both Boursa Kuwait and the Dubai Financial Market (DFM).
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