LONDON (ShareCast) - (Sharecast News) - UK outsourcing contractor Serco has been awarded a contract extension worth a potential £870m to provide support services at the 5 Wing Canadian Forces base in Goose Bay.


The company on Wednesday said it anticipated annual revenue of £20m-£30m in the opening years of the initial £400m 10-year period. The contract has provision for two five-year extensions with a potential ceiling value to Serco over the full 20 years, including indexation, of around £870m.

Under the contract, which starts in September, Serco will continue to perform the majority of the non-military operation and maintenance functions at this base, located in Central Labrador, including aviation services such as air traffic control and maintenance of navigational aids.

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE