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Thursday 15 April 2010
Agility Says U.S. Appoints New Firm for Iraq, Kuwait
Agility, the Middle East’s largest storage and logistics company, said the U.S. Defense Logistics Agency appointed a new company to supply food for troops in Kuwait and Iraq.
Agility will continue to supply the U.S. military for six months to ensure a smooth transfer to the new supplier, according to a company statement on the Web site of the Kuwaiti bourse today. It didn’t identify the new company.
Agility, formerly known as Public Warehousing Co., was indicted in November on allegations it overcharged the U.S. government on a multibillion dollar contract to supply food for troops in Kuwait and Iraq. The company at the time said it was negotiating a possible settlement with the U.S. Justice Department. On April 12 the indictment was extended to two subsidiaries, Agility DGS Holdings and Agility DGS Logistics.
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