REG - Serco Group PLC - Serco awarded Maritime Services contracts

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RNS Number : 7279I  Serco Group PLC  15 May 2025

 

Serco awarded Maritime Services contracts valued at over £1bn to support
Royal Navy

Serco Group plc ("Serco" or the "Company")

15 May 2025

 

 

Serco, the international provider of critical government services, has been
awarded three contracts with a combined value of over £1bn by the UK Ministry
of Defence to provide maritime services for the Royal Navy. The contracts,
which replace existing services and expand into new capabilities will commence
later this year.

 

Serco has been a key partner to the Royal Navy for nearly 30 years, providing
critical services supporting military training exercises, trialling new
maritime technology and assisting the movements of Royal Navy ships in and out
of harbour.

 

The three awarded contracts are:

·      A contract valued at c.£850m over ten years for the delivery of
in-port services for HMNB Devonport in Plymouth, HMNB Portsmouth and for the
Clyde, including HMNB Faslane.  This includes the procurement of 24 new
vessels on behalf of the Royal Navy which will be brought into service over
the next decade to modernise the fleet and replace the older vessels currently
operated. Services will include vessel towage, passenger transfer, and barge
and tank cleaning services at Portsmouth and Devonport.

 

·      A contract valued at c.£70m over five years for the provision of
inshore support to military training and exercises at the British Underwater
Test and Evaluation (BUTEC), an underwater military test and evaluation range
off the northwest coast of Scotland and for Diver Training Support.  In
addition, the contract includes new work for Range Safety and Aircrew
Training, which we will deliver in partnership with Briggs Marine.

 

·      A ten-year contract valued at c.£110m for the provision of
offshore support to military training and exercises.  This service includes
two specialist ocean-going vessels for regional and worldwide support.

 

Anthony Kirby, Serco Group Chief Executive, said: "We are proud to have been
awarded these three contracts and to have the privilege of continuing to
provide critical operational services to the Royal Navy. These awards further
strengthen our position in the defence market, where we provide deep expertise
around the world.

 

"We have been performing these duties to an extremely high standard for the
last 28 years and we now have the opportunity to modernise the fleet of
support vessels to ensure that the Navy has the support it requires, day in,
day out, to enable it to keep our waters safe."

 

This is the latest in a series of defence contract wins globally by Serco,
including:

 

·      Armed Forces Recruitment Service - a £1bn, ten-year contract
(rising to £1.5bn if all extensions are exercised) to run a joint recruitment
service for all UK military personnel

·      A new contract with the US Army Corps of Engineers to manage the
modernisation of the back-up electrical plant at the US Space Force's Pituffik
Space Base in Greenland.  The contract's estimated value is around $320m

·      A $247m contract to support soldier readiness and performance
within the US Army's Holistic Health and Fitness System

Ends.

 

For further information, please contact:

Jamie Hastings, Head of Investor Relations | +44 (0) 7718 195 074 |
jamie.hastings@serco.com

Scot Marchbank, Group Communications and Marketing Director | +44 (0) 7958 675
706 | scot.marchbank@serco.com

 

About Serco

Serco brings together the right people, the right technology, and the right
partners to create innovative solutions that make a positive impact and
address some of the most urgent and complex challenges facing the modern
world.

 

With a primary focus on serving governments globally, Serco's services are
powered by more than 50,000 people working across defence, space, migration,
justice, healthcare, mobility, and customer services.

 

Serco's core capabilities include service design and advisory, resourcing,
complex programme management, systems integration, case management,
engineering, and asset & facilities management.

 

Underpinned by Serco's unique operating model, Serco drives innovation and
supports customers from service discovery through to delivery.

 

More information can be found at www.serco.com (http://www.serco.com)

 

Serco in Defence

For over 60 years, Serco has been a trusted defence partner to governments
around the world.  Our colleagues and experts enable mission readiness and
success by:

·      supporting members of the Armed Forces at every stage of their
career;

·      providing cutting-edge design and engineering services for major
shipbuilding, space, sat-com and C6ISR programmes;

·      advising and directing the procurement of crucial defence
equipment;

·      managing logistics, assets and upgrading infrastructure across
the defence estate; and

·      deploying, enhancing and supporting next-generation technology
across a range of applications from simulation training to developing uncrewed
naval vessels.

 

 

LEI: 549300PT2CIHYN5GWJ21

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