29th Apr 2016 11:11
LONDON (Alliance News) - IT and consultancy services company Parity Group PLC on Friday said its Parity Solutions Ltd unit has extended its contract with the UK's Ministry of Defence.
The extension of its deal, relating to work on the Military Capability Output Costing System, is worth GBP1.8 million, taking the total value of Parity's deal to GBP3.9 million.
The project will be delivered over two years. The system is designed to examine the full cost of providing military capability, providing analysis of potential options, modelling scenarios and identify potential cost reductions.
Parity added it has won a place on the CCS Digital Outcomes and Specialists framework to provide digital services to the UK public sector.
Parity shares were untraded on Friday, having last traded at 8.35 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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