Interserve to Win $675 Million of U.K. Army Deals, Times Says

Interserve Plc (IRV) is set to win contracts worth as much as 420 million pounds ($675 million) to maintain four of the U.K.’s overseas army bases, the Sunday Times reported, without saying where it got the information.

The company will get 60 million pounds a year for five years to provide electrical and building services at bases in Cyprus, Ascension Island, Gibraltar and the Falkland Islands, with the possibility of a two-year extension, according to the newspaper. The deals will be awarded this week, the Times said.

To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.net

To contact the editor responsible for this story: Stephen Voss on sev@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.