April 4 (Reuters) - Boom Logistics Ltd BOL.AX
* Resolution of legal matter and business update
* Has been awarded a contract to supply a further 30 cranes and speciality rigging and engineering services to BHPB Billiton's Olympic Dam
* Under terms of settlement, payments are due over period from 30 April 2017 to 31 December 2017
* Mobilisation of cranes will commence in late April 2017 with project due to run between august and october 2017 with anticipated revenue of $6 - $8 million
* Boom will be paid its legal costs to be agreed or assessed by court process, estimated at $1.7 million to $2.0 million
* Recent weather events in Queensland will impact revenues in March and April 2017
* Project work is in addition to renewal of services contract with BHP Billiton (LON:BLT) in Dec 2016 and will contribute to expected strong start to 2018 financial year
* Unit has settled its legal claim relating to 18 metre glove and barrier matter by agreeing to payment to boom of sum of $2.7 million damages Source text for Eikon: ID:nASX7fC7Zq Further company coverage: BOL.AX