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

Interserve Plc 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.

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