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Kuwait-based Agility has announced that one of its subsidiaries has won a contract with the US Defence Logistics Agency to provide fuel storage services on the island of Guam in the Western Pacific.
Agility said in a statement to the Kuwait Stock Exchange that the contract is worth $62 million over four years.
READ: Financial transfers fell 9.2% in 2017 in Kuwait
The company, listed on the Kuwait and Dubai stock exchanges, said the value of the contract would rise to $142 million if it is extended for an additional five-years.
The island of Guam is located in the Pacific Ocean and hosts a US military base including naval forces, an air base and teams from the Coast Guard.