Kuwait’s KGL Wins US Army Logistics Deal

Kuwait Times17.05.2011 Kuwait
Kuwait’s KGL Wins US Army Logistics Deal

Kuwait’s KGL Wins US Army Logistics Deal

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Kuwaiti logistics firm KGL said that one of its units won an $870 million logistics contract with the US Army, along with 3 other companies.

Also known as Kuwait and Gulf Link Transport Co, KGL said in July 2010 that the U.S. government had agreed to look into an objection filed by the company regarding the award of a military supply contract to its competitor, Anham.

KGL said that Anham did not meet the minimum bidding requirements for the contract. "One of the units, with 3 other firms, won the Heavy Lift 7 contract with the US army in areas of Kuwait, Iraq and Saudi Arabia worth $ 870 million, for 5 years starting September 2011," KGL said in a statement on the Kuwaiti bourse website on Sunday.

KGL said it could not specify its share of the contract because it depends on the army's needs.

In March, KGL said it signed a 4-year storage contract with the US military worth $157 million.


Source: Kuwait Times


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