Toll Signs Billion Dollar Defence Deal

November 25th, 2009

Toll Group (TOLL), the Asian region’s leading provider of integrated logistics services, today announced the conclusion of negotiations for the supply of relocation services to the Australian Department of Defence.

“We are pleased to announce that Toll Transitions, the Toll Group’s specialist relocations business, has been notified they have successfully tendered for the contract with the Department of Defence for the provision of both Removal Services (RS) and Relocation Administration Services (RAS),” said Toll Group Managing Director, Paul Little. “This Defence contract is comprised of an initial five year period, followed by up to 4 one year extensions, which are at the discretion of Defence. The initial five year period is expected to generate revenues of more than $1 billion, and if the extensions are granted total revenue of around $2 billion would be expected.” Mr Little said.

www.toll.com.au

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