EghtesadOnline: UK-based company Westminster Group PLC is still hopeful it can move forward with its airport security contracts in Iran.
The group put on hold a €24 million contract with an airport following the US withdrawal from the Iran nuclear pact in May, Proactiveinvetsors.co.uk reported.
The Westminster Group Plc is a worldwide security company that specializes in fire, safety, security and defense. The firms’ headquarters are at Westminster House, United Kingdom.
The group operates through a network of over 70 agents and international offices in over 45 countries. Over the years, the company has been providing worldwide anti-terrorist equipment and systems, as well as specialist diver detection systems, perimeter and border security, pipeline protection systems and homeland security, according to Financial Tribune.
There are uncertainties over how suppliers might be affected by possible sanctions, but with European signatories still supporting the nuclear pact, Peter Fowler, chief executive, believes the airport deal can still go ahead.
“We remain hopeful that measures being put in place to protect EU companies against US extraterritorial actions will allow these projects to proceed,” he said.
A second contract in Iran worth €2.6 million has also been put on hold.