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FINANCIAL NEWS
US extends Agility contract by six months
30 Aug 2010
(MENAFN) The US Defense Logistics Agency (DLA) has extended a warehousing and distribution contract for Kuwait’s Agility by six months, Bloomberg reported
(DLA) has awarded Agility six months extension starting September 2010 for the warehouse and distribution service contract, with a value of around $25 million, Agility said in a statement to the Dubai bourse.
Agility, formerly Public Warehousing Co, KSC (PWC) was dropped from supplying food to the US Army in Iraq, Kuwait and Jordan after being accused of overcharging the military. The company held contracts worth $8.5 billion spanning more than three years.
The US government has replaced Agility as the main supplier to its troops in Kuwait, Iraq and Jordan with Dubai-based Anham FZCO LLC, awarding it a $2.2 billion contract in April.
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