G4S wins significant contract at Oslo airport

The world's largest security firm, G4S, has scored a huge contract for provide security services at Oslo airport in Norway.

The world's largest security firm, G4S, has scored a huge contract for provide security services at Oslo airport in Norway.

Under the contract, which is worth $400m (around £250m), G4S will deliver services which range from ground security to cargo checks, according to Reuters.

The company has had a difficult time in recent months, following the now infamous Olympics debacle and worse-than-expected interim results announced in August.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

The share price dropped 50p in July following the Olympics scandal and since then has risen back up to the 265p mark. Over the past 12 years the stock is up almost 10%, equal to 23p.

NR