REG - Serco Group PLC - Serco wins $247m US Army contract

SercoAnnouncement

15/01/2025 07:30

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RNS Number : 4040T  Serco Group PLC  15 January 2025

 

Serco wins $247m US Army contract

15 January 2025

 

 

Serco, the international provider of critical government services, has been
awarded a new contract to support soldier readiness and performance within the
US Army's Holistic Health and Fitness (H2F) System.  The contract starts
immediately and has an eight-month base period plus four one-year option
periods.  The estimated total value is $247 million (£203 million) if all
options are exercised.

 

Serco and its contract partners will support the US Army's initiative to
enhance soldier readiness, support optimal physical and non-physical
performance, significantly reduce injury rates, and streamline rehabilitation
post-injury.  Serco will provide training support to 45 US Army brigades at
15 locations across the United States.

 

Serco supports the entire career lifecycle of military personnel.  Our broad
range of capabilities include recruitment, onboarding, training, development,
health services, assistance transitioning back into civilian life and veteran
support programmes.

 

This new contract follows three other recently announced US defence contract
wins:

 ·             A $193 million contract rebid to deliver transition to civilian life career
               training and counselling services on behalf of the Department of Labor
               Veterans' Employment and Training Services Transition Assistance Program.
               The contract has a 1-year base period plus four 12-month option periods.
 ·             A $97 million new five-year contract to provide programme management and
               business performance improvement support to Naval Sea Systems Command
               (NAVSEA).
 ·             A $33 million contract rebid to provide psychological health outreach support
               for the US Navy Bureau of Medicine and Surgery.  The contract has a 9-month
               base period and four one-year option periods.

 

Mark Irwin, Group Chief Executive of Serco, said:

 

"Serco has a long, distinguished history of supporting the armed forces around
the world and this win builds on our existing strength in the defence
sector.  We have a strong pipeline of further opportunities in the sector,
which is now our largest sector globally.

 

"We are proud to support the US Army's efforts to revolutionise how they
empower and equip soldiers to take charge of their health, fitness and
wellbeing.  This contract reflects our ability to support members of the
Armed Forces at every stage of their career in the military, from helping
governments recruit the right personnel to providing training, development,
and health support during their period of service, through to supporting them
in their transition as they leave the military and re-enter civilian life.

 

"We will continue to use our broad set of capabilities, skills and expertise
to impact a better future for customers, communities and countries."

 

 

Ends.

 

 

For further information, please contact:

 

Paul Checketts, Head of Investor Relations | +44 (0) 7718 195 074 |
paul.checketts@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
(https://protect.checkpoint.com/v2/r06/___http:/www.serco.com___.ZXV3MjpuZXh0MTU6YzpvOjNiMjgyOTU2NTIxOTUwMzk1MTI0MTY4ODQ3YzYxNjQ4Ojc6MTdlZDozMDJkZmVhZmZhNTMwMzMzZGRhNTg4MzYyMDEzNTdlOGYzOWEzN2ZhZWZlMzRlY2E0NGFiNDJlNmUyYmU4ODNkOnA6VDpU)

 

LEI: 549300PT2CIHYN5GWJ21

 

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