Westminster Group (LON:WSG) has further rolled out its airport security services around the globe - striking a long term deal with a country's government owned airport authority.
A memorandum of understanding (MoU) was signed at a meeting between the group's managed services division and senior figures from the country concerned.
A delighted Peter Fowler, the group's chief executive, told investors on Monday: "The country concerned has long been a priority target for us given its geographical location, which is a completely different region to our West African operations, coupled with the country's stability and growth potential."
"Our strategy of developing long term, recurring revenue, managed services projects protecting critical infrastructure such as airports, ports and harbours around the world is gathering momentum and, as previously reported, we are now in discussions with a number of governments and authorities across several continents regarding large scale, long term (typically 15 - 25 years) projects, of which this is just one example."
No financial details were given but the firm said it believed the economic and regulatory drivers behind this particular project provided significant momentum.
Work is now afoot to deploy a Westminster team to carry out a comprehensive survey of airports concerned to produce a project plan ahead of final contract discussions.
In its interim results last month, the group said it was committed to delivering on targets and hoped to become monthly cash-flow positive, based on existing contracts (and not including this latest), in the next 12 months.
The Ebola crisis, now greatly reduced, had hit airport security operations in West Africa, but the airport contract has been generating positive monthly EBITDA since February 2015, it said.