US$9m New MDA System Contract Signed & Commenced
US$9m contract signed and implementation commenced with Middle East Coast Guard customer for system upgrade.
- Contract value US$9 million
- Contract period 10 years
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SRT Marine Systems plc ('SRT'), a global provider of maritime domain awareness systems and technologies for security, safety and environmental protection is pleased to advise that following the contract award announcement last month (November), that the contract has been signed and is active and that implementation has commenced.
The contract is for the upgrade of an existing SRT system with an existing Middle East Coast Guard customer. The contract is worth a total of US$9 million over a ten year period.
Simon Tucker, CEO of SRT Marine Systems, commented:
"We are delighted to have commenced this system upgrade with this long-standing and highly valued Coast Guard customer and look forward to many more years of business with them as they grow and enhance their national maritime surveillance and intelligence capabilities."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.