Agility (AGLTY) rose the most in two months as the Kuwaiti company charged with defrauding the U.S. government said it filed a claim seeking about $225 million from the Department of Defense for breaching contract terms.
The shares surged 4.9 percent, the most since Feb. 22, to 425 fils at the 12:30 p.m. close in Kuwait City. The stock was the most traded by value on Kuwait’s SE Price Index (KWSEIDX), which was little changed at 6,327.60.
The Armed Services Board of Contract Appeals in Falls Church, Virginia, received the appeal on April 16, said David Houpe, the board’s chief counsel. The supplier alleges the Pentagon’s Defense Logistics Agency and the Department of Justice “conspired and acted in concert to intentionally deprive” the company of its rights under the contract to deliver food to troops in Iraq and Kuwait.
No comments:
Post a Comment