Following an extensive selection and negotiation process SRT has secured a huge £145m contract to provide a full MDA system to a new foreign Coast Guard customer. The project is being financed through a UK government (UKEF) loan to the overseas government and will proceed when that paperwork is completed in a few months; a LoI has been issued pending the formalities. Deployment should take two years (c80% of the contract value likely to be booked in FY24 and FY25) followed by ongoing support and ....
23 Mar 2023
SRT Marine Systems - £145m project won but Systems sees implementation delays
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SRT Marine Systems - £145m project won but Systems sees implementation delays
SRT Marine Systems plc (SRT:LON) | 29.5 0 0.0% | Mkt Cap: 65.7m
- Published:
23 Mar 2023 -
Author:
Kimberley Carstens | Cavendish Research -
Pages:
12
Following an extensive selection and negotiation process SRT has secured a huge £145m contract to provide a full MDA system to a new foreign Coast Guard customer. The project is being financed through a UK government (UKEF) loan to the overseas government and will proceed when that paperwork is completed in a few months; a LoI has been issued pending the formalities. Deployment should take two years (c80% of the contract value likely to be booked in FY24 and FY25) followed by ongoing support and ....