15th Jan 2025 09:49
(Alliance news) - Serco Group PLC on Wednesday said it has been awarded a US defence contract, for up to USD247 million.
Serco is an government services outsourcing provider, based in Hampshire, England. It focuses on defence, justice & immigration, transport, health & other facilities management and citizen services.
Serco said the contract will support soldier readiness and performance within the US Army's Holistic Health & Fitness System.
As part of this, Serco will provide training support to 45 US Army brigades at 15 locations across the US.
The contract starts immediately and has an eight-month base period plus four one-year option periods.
The contract follows three other recently announced US defence contract wins, including a USD193 million contract rebid to deliver career training and counselling services to veterans.
Chief Executive Officer Mark Irwin said: "Serco has a long, distinguished history of supporting the armed forces around the world and this win builds on our existing strength in the defence sector.
"We have a strong pipeline of further opportunities in the sector, which is now our largest sector globally."
Serco shares were up 1.4% at 148.90 pence each in London on Wednesday morning.
By Lydia Doye, Alliance News reporter
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