www.wg-plc.com
The Westminster Group is a specialist security group operating worldwide via an extensive international network of agents and offices in over 45 countries. The Group's principal activity is the design, supply and ongoing support of advanced technology Fire, Safety, Security and Defence solutions to governments and government agencies, non governmental organisations and blue chip commercial organisations worldwide. The Group is listed on the AIM market of the London Stock Exchange and its Corporate Headquarters and Demonstration Grounds occupy a 4½ acre site, discreetly located in the heart of the English countryside.
Westminster Group wins contract extension for securing Juba Airport in Southern Sudan
Westminster Group PLC (AIM: WSG) said it won a contract extension valued at US$2.72 million from the Government of Southern Sudan (GOSS) for additional security at Juba International Airport, Southern Sudan.
The company specialises in providing software and equipment to the security, defence, fire protection and safety markets worldwide.
The deal is an extension of the US$4.7 million contract Westminster was awarded in 2008 to secure Juba International and which has been an ongoing project during 2009.
Work will begin immediately, and Westminster will provide a further 6 kilometres of security fencing and perimeter detection systems together with under vehicle surveillance and number plate recognition equipment. The extension will also see the group install vehicle control barriers on entranceways, additional CCTV surveillance and solar powered street lighting around car parks.
GOSS will pay all goods, worth around circa US$2.5 million, prior to shipping and the balance on installation. Westminster recently received a payment of $US1.3 million from GOSS relating to works previously undertaken and a further US$200,000 payment is expected within the next two weeks.
In addition Westminster has secured a number of new contracts, valued close to US$1million, during October from various customers around the world and for a wide range of technologies including a security system for the National Bank of Ethiopia, a perimeter detection system for a client in Eastern Europe and a specialist fire prevention system for Corpus Christi College in Cambridge, UK. These contracts are expected to be commenced in late 2009 and completed in full during 2010.
The latest deals are in line with the group’s declared strategy of providing niche services and products around the world with a particular focus on emerging and third world countries. In 2008, 56 percent of its revenues were generated in Africa and 41 percent in UK and Europe, with the remainder made up of the Middle East and Asia & Pacific regions.
In September, Westminster won a US$660,000 surveillance equipment order from a Sub Saharan African government which was shortly afterwards beefed up by a further contract worth US$220,000 to provide the control & command facility for the systems.
At the end of September, it reported a 69 percent year-on-year rise in revenues for the first half to £2.4 million while its order book was up 23 percent as at the end of June 2009 at £5.3 million.
Chief executive Peter Fowler commented today: "The latest contract award for Juba follows a successful order intake for October and brings our order intake in the year so far to £7.34 million. We have an extremely healthy open quote bank and whilst the current economic climate may be causing some clients to take longer in the decision making process than anticipated, which may affect our short term outlook, we are confident of further important new contract wins in the near future."
