Serco Group (SRP)

Sector:

Support

Index:

FTSE 250

176.60p
   
  • Change Today:
      0.100p
  • 52 Week High: 189.70
  • 52 Week Low: 136.90
  • Currency: UK Pounds
  • Shares Issued: 1,079.17m
  • Volume: 1,281,310
  • Market Cap: £1,905.81m
  • RiskGrade: 174

Serco awarded $82m task order with US Air Force

By Josh White

Date: Tuesday 02 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Serco Group has been awarded a new task order by the US Air Force to manage, configure, deploy, sustain, and enhance 'NexGen IT' solutions for US Air Force Civil Engineering.
The FTSE 250 outsourcing giant said the task order had a one-year base period, with four option years and a six-month extension of service option, and a total value - if all options are exercised - of $82m (£63m).

It said the task order was awarded under the GSA Alliant 2 Indefinite Delivery Indefinite Quantity (IDIQ) contract.

The US Air Force supported around 170 installations worldwide, accounting for over 700 million square feet of facilities, more than 500 miles of runways, and some 10 million acres of land managed by approximately 66,000 civil engineers.

Serco said the force's NexGen IT programme supported the Air Force Civil Engineering community in its work to improve efficiency and effectiveness.

As part of that programme, the US Air Force deployed 'TRIRIGA' - an integrated workplace management system owned by IBM - and had begun the process to upgrade all their installations to TRIRIGA by 2023.

The system would provide reliable, real-time information and analytics, which was needed to prioritise projects, validate funding, and support the entire asset management lifecycle.

Serco said it would perform the majority of the work at Maxwell Air Force Base in Montgomery, Alabama.

"The award builds on Serco's extensive experience using TRIRIGA to deliver workforce and asset lifecycle management solutions to numerous US Federal Government and other customers," said Serco group chief executive officer Rupert Soames.

"We look forward to supporting the US Air Force in delivering capabilities and systems which are critical to their mission."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Serco Market Data

Currency UK Pounds
Share Price 176.60p
Change Today 0.100p
% Change 0.06 %
52 Week High 189.70
52 Week Low 136.90
Volume 1,281,310
Shares Issued 1,079.17m
Market Cap £1,905.81m
RiskGrade 174

Serco Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.34% below the market average55.34% below the market average55.34% below the market average55.34% below the market average55.34% below the market average
13.33% below the sector average13.33% below the sector average13.33% below the sector average13.33% below the sector average13.33% below the sector average
Price Trend
45.56% above the market average45.56% above the market average45.56% above the market average45.56% above the market average45.56% above the market average
17.17% above the sector average17.17% above the sector average17.17% above the sector average17.17% above the sector average17.17% above the sector average
Income
32.91% below the market average32.91% below the market average32.91% below the market average32.91% below the market average32.91% below the market average
20.63% below the sector average20.63% below the sector average20.63% below the sector average20.63% below the sector average20.63% below the sector average
Growth
12.14% below the market average12.14% below the market average12.14% below the market average12.14% below the market average12.14% below the market average
29.29% below the sector average29.29% below the sector average29.29% below the sector average29.29% below the sector average29.29% below the sector average

What The Brokers Say

Strong Buy 6
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Serco Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-24 07-Sep-23
Paid 10-May-24 06-Oct-23
Amount 2.27p 1.14p

Trades for 06-Jun-2024

Time Volume / Share Price
16:35 488,693 @ 176.60p
16:35 10,697 @ 176.60p
16:35 2,440 @ 176.60p
16:35 221 @ 176.60p
16:35 2,387 @ 176.60p

Serco Key Personnel

CEO Mark Irwin

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