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IN BRIEF: Smarttech247 wins cybersecurity contract for London airport

ALN

Smarttech247 Group PLC - London-based cybersecurity services - Wins inclusion on a multi-year framework agreement with a ‘major international airport in London’. Smarttech247 doesn’t say which London airport. It says the agreement is worth up to £7 million in total for its four suppliers over a five-year initial term, though the deal doesn’t have a guaranteed minimum spend. Smarttech247 will provide cybersecurity products and support services. Chief Executive Officer Raluca Saceanu comments: ‘This win reflects the group’s continued execution against its strategy to grow through high-value, long-term engagements with critical national infrastructure clients. It is also a significant opportunity for us to potentially deliver cybersecurity services in a highly regulated and high-security setting over the coming years.’

Current stock price: 6.51 pence, up 4.2% in London on Monday

12-month change: down 68%

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