14 June 2021 - new contract win/trading update

The outsourcing group Serco has announced that its 50% joint venture, VIVO Defence Servicers, has won contracts to provide asset and facilities management services for the UK Ministry of Defence for an initial period of 7 years.  The contracts are worth £900m although it is possible that extra work will be commissioned which could be worth an additional £2.5bn.  The work will take place across over 200 MOD locations and will include 19,000 buildings.  The work will include maintenance as well as mandatory safety checks and this will start in . . .

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