Agility renews $2.8bn deal with US

Kuwait logistics provider shares jump 10% after deal to supply troops in Iraq and Kuwait announced.

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By  Reuters Published  May 28, 2008

Kuwait's Agility, the Gulf's biggest logistics provider by market value, said on Wednesday the US military renewed a contract worth up to $2.8 billion to supply troops in Iraq and Kuwait.

Agility shares jumped 10% on the news.

The contract, which could also be worth as little as $9.34 million, is from the US Defense Logistics Company and is for providing logistics, supply and transport services, Agility said in a statement on the Kuwait bourse website.

Agility is trying to reduce its reliance on US government work by expanding into emerging markets in Asia, the Middle East or eastern Europe through acquisition and expansion.

4039 days ago
Grant Goldsmith

It should be no surprise that the US and its allies continue to rely on Agility for this extremely challenging logistics mission. No other Logistics company can match Agility's reliability in tough and complex logistics environments. Logistics in Iraq is proof of this unique strength.

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