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Serco Group PLC on Thursday celebrated a large contract to modernise a space base in Greenland. Serco is an outsourcer based in Hampshire, England. It focuses on defence, justice & immigration, transport, health & other facilities management and citizen services. The company said it has been awarded a new contract by 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 started in August and has an estimated value of around $320 million over its four-year term. Serco Chief Executive Officer Mark Irwin said: ‘This contract award builds on Serco’s strong capabilities in systems design and installation, as well as our exemplary past performance on defence construction projects. We are delighted to have the opportunity to support this large, mission-critical upgrade project for the US Space Force and Army Corps of Engineers. We recognise the impact of our work in ensuring mission critical readiness is maintained for this pivotal location.’ Serco shares were 0.8% higher at 174.60 pence each on Thursday morning in London. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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