Following an extensive selection and negotiation process, the highly anticipated £145m (US$180m) contract to provide an integrated SRT-MDA system to a Foreign Coast Guard customer has been signed, the largest CG Systems contract to date. The contract follows both the letter of intent announced on 23 March 2023 and formal financing agreement of a UK government (UKEF) loan to the overseas government. Project implementation, structured as manageable milestones worth c.85% (c.£123m) of the contract ....
