REG-Capita PLC: Capita signs contract to deliver Royal Navy training

CapitaAnnouncement

11/01/2021 07:05

11 January 2021

Capita signs contract to deliver Royal Navy training

Further to the announcement of 18 December 2020 that Capita plc (‘Capita’)
had been selected as the winning bidder to provide training services to the
Royal Navy and the Royal Marines, Capita today confirms it has signed the
contract.  

Capita will transform and modernise the Royal Navy’s shore-based training
across 16 sites in the UK as the lead partner in a consortium which includes
Raytheon UK, Elbit Systems UK, Fujitsu and several smaller British suppliers.

The contract will be worth an estimated £1bn for Capita, with opportunities
to deliver further training according to the Royal Navy’s requirements.

Notes to editors:

The total IFRS 15 transaction price (order book) is £925m over 12 years; this
excludes the effect of inflation increases over the contract term and other
potential training opportunities with the Royal Navy.

For more information please contact:

Investor enquiries
Stuart Morgan
Director of Investor Relations
Tel: 020 7654 2220
Email: IRteam@capita.co.uk

Media enquiries
Capita external communications
Tel: 0207 654 2399
Email: media@capita.co.uk 

Capita is a consulting, transformation and digital services business. Every
day our 61,000 colleagues help millions of people, by delivering innovative
solutions to transform and simplify the connections between businesses and
customers, governments and citizens. We partner with clients and provide the
insight and cutting-edge technologies that give time back, allowing them to
focus on what they do best and making people’s lives easier and simpler. We
operate in the UK, Europe, India and South Africa – and across six
divisions: Customer Management; Government Services; People Solutions;
Software; Specialist Services; and Technology Solutions. Capita is quoted on
the London Stock Exchange (CPI.L). Further information can be found
at: http://www.capita.com

ENDS



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