Following completion and activation of the inter-government project finance agreement, SRT Marine Systems has announced commencement of its 10-year €167m Indonesian Coast Guard contract. The two-phase project comprises system implementation worth c.€140m, expected to take two years, followed by an eight-year support, maintenance and data services period worth c.€27m. The project commences with immediate shipping of the first batch of equipment and software, which together with other milestones, ....

27 May 2025
SRT Marine Systems - €167m Indonesian Coast Guard contract commences

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SRT Marine Systems - €167m Indonesian Coast Guard contract commences
SRT Marine Systems plc (SRT:LON) | 73.5 0 0.0% | Mkt Cap: 183.9m
- Published:
27 May 2025 -
Author:
Michael Hill | Kimberley Carstens -
Pages:
8 -
Following completion and activation of the inter-government project finance agreement, SRT Marine Systems has announced commencement of its 10-year €167m Indonesian Coast Guard contract. The two-phase project comprises system implementation worth c.€140m, expected to take two years, followed by an eight-year support, maintenance and data services period worth c.€27m. The project commences with immediate shipping of the first batch of equipment and software, which together with other milestones, ....