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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Wallenius Wilhelmsen ASA    WAWI   NO0010571680

WALLENIUS WILHELMSEN ASA

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Wallenius Wilhelmsen : Protests against ARC contract award sustained

10/21/2020 | 07:30pm EST

Oslo, 22 October 2020 - The U.S. Government Accountability Office (GAO) has sustained the protests filed against the United States Transportation Command (USTRANSCOM) award on 30 April 2020 of the new multi-year relocation services contract to American Roll-On Roll-Off Carrier Group, Inc. (ARC).

Protests concerning the Global Household Goods Contract (GHC) award were filed by two unsuccessful parties in line with established procedures. This is a standard process available through GAO to ensure USTRANSCOM has followed the terms of the solicitation and applicable acquisition regulations. As a result of this process, GAO has recommended that USTRANSCOM revisits certain assessments made during the procurement process.

ARC will evaluate its options after obtaining more information about the GAO process and conclusion, and any additional information received from USTRANSCOM. In a statement, ARC CEO Eric Ebeling said 'Team ARC remains committed to consistently delivering a superior relocation experience for Service Members and their families. We will evaluate our options in light of the GAO's decision and determine the appropriate next steps.'

For further information, please contact: Astrid Martinsen, Vice President Group Treasury & IR Tel +47 958 45 255 Email: astrid.martinsen@walleniuswilhelmsen.com

Esben Tuman, Vice President Corporate Communications Tel: +47 905 08 400 Email: esben.tuman@walleniuswilhelmsen.com

About Wallenius Wilhelmsen The Wallenius Wilhelmsen group (OEX: WALWIL) is a market leader in RoRo shipping and vehicle logistics, transporting cars, trucks, rolling equipment and breakbulk around the world. The company operates around 125 vessels servicing 15 trade routes to six continents, and a global inland distribution network, 120 processing centres, and 11 marine terminals. The Wallenius Wilhelmsen group consist of Wallenius Wilhelmsen Ocean, Wallenius Wilhelmsen Solutions, EUKOR and ARC. The group is headquartered in Oslo, Norway with 9 400 employees in 29 countries worldwide. Read more at walleniuswilhelmsen.com

About ARC ARC provides global logistics and shipping services to the U.S. Government. ARC and its affiliates own and manage the largest U.S.-flag roll-on roll-off (Ro-Ro) fleet. This includes providing American-owned, managed, and crewed Ro-Ro shipping and intermodal services committed to the requirements of the Department of Defense, other U.S. Government departments and agencies, and commercial customers. Read more at ARCshipping.com

Source: NewsWeb

Disclaimer

Wallenius Wilhelmsen ASA published this content on 22 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2020 23:29:00 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 2 958 M - -
Net income 2020 -236 M - -
Net Debt 2020 3 220 M - -
P/E ratio 2020 -4,23x
Yield 2020 -
Capitalization 1 148 M 1 151 M -
EV / Sales 2020 1,48x
EV / Sales 2021 1,07x
Nbr of Employees 9 500
Free-Float 24,2%
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Mean consensus BUY
Number of Analysts 4
Average target price 3,23 $
Last Close Price 2,72 $
Spread / Highest target 30,8%
Spread / Average Target 18,9%
Spread / Lowest Target 1,29%
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NameTitle
Craig Louis Jasienski Chief Executive Officer
Lars Håkan Larsson Chairman
Torbjørn Mogård Wist Chief Financial Officer
Marianne Lie Independent Director
Thomas Wilhelmsen Director
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