Westminster ( (GB:WSG) ) has shared an announcement.
Westminster Group PLC has secured a 15+ year contract to provide security services at four airports in Gabon, marking a significant expansion of its operations in Africa. The contract, which could generate around $5.5 million in its first year, involves upgrading security infrastructure and training personnel to meet international standards, potentially boosting air traffic and attracting new carriers. Additionally, Westminster is raising £1.2 million through a share subscription, with proceeds supporting the Gabon project, and Pantheon A Family Office Limited will gain a significant stake in the company.
More about Westminster
Westminster Group plc is a specialist security and services group operating globally through a vast network of agents and offices in over 50 countries. The company focuses on designing, supplying, and supporting advanced technology security solutions, including surveillance, detection, tracking, and interception technologies. It also provides long-term managed services contracts for security management in airports, ports, and other facilities, along with manpower, consultancy, and training services. Its primary clients are governments, NGOs, and blue-chip commercial organizations.
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Technical Sentiment Consensus Rating: Buy
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