LONDON (ShareCast) - (Sharecast News) - Managed security services and technology company Westminster Group announced on Tuesday that its technology division has been awarded a contract to replace and maintain the security screening equipment at the Palace of Westminster, together with the provision of other ancillary services at Parliament.
The AIM-traded firm said the contract start date was 1 October, with the contract initially lasting for five years, although that could be extended.

It said the contract value would not exceed the maximum sum of £1.8m, subject to what services are provided over the life of the contract.

Westminster said the contract was awarded after a "lengthy" tender process, under which it was rated the highest out of all bidders, both technically and commercially.

The project would include the removal of existing systems and the installation and maintenance of new, "advanced" x-ray screening and associated systems, to screen people and baggage entering the Houses of Parliament, together with other ancillary services.

Given the nature of the contract and the services involved, the company said further information was restricted.

"As reported in our 2020 half-year results, Westminster has not only successfully navigated the Covid-19 crisis, but has continued its year on year double digit growth trajectory, with another 24% increase in revenues for the first half," said chief executive officer Peter Fowler.

"We achieved this, in part, through our ability to secure and deliver complex security solutions and a wide range of security products to clients around the world, including many governments and large-scale organisations, such as the recently announced $0.67m contract for fever screening to a global investment management corporation's worldwide offices."

"However, whilst we operate worldwide, it is always pleasing to add to our growing portfolio of high-profile contracts nearer to home, which includes clients such as Holyrood, the Scottish Parliament and other government bodies."

Fowler said he was "delighted" that Westminster was selected to provide security screening and maintenance services to the Palace of Westminster.

"With the Palace of Westminster being such an important building and the nature of the services involved, the project required careful planning and an innovative approach to the various challenges involved.

"Securing this latest high-profile contract is a testament to our agility, expertise and professionalism."

At 1600 BST, shares in Westminster Group were up 3.49% at 7.24p.

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