New deal in Canada could bring £870m to outsourcer Serco
Serco will provide air traffic control, among other services, to the military base (Ian Nicholson/PA)
Serco has won a contract to run the civilian parts of a Canadian military base, in a deal which could be worth up to £870 million to the British outsourcing giant.
The company said it had been selected after an open tender process to provide support services for the 5 Wing Canadian Forces Base in Goose Bay, Canada.
The deal initially stretches for 10 years and has an estimated top value of 694 million Canadian dollars (£401 million).
However, the contract’s terms also include the option to extend it twice for five years each time, bringing the total ceiling value to around 1.5 billion Canadian dollars (£866 million).
New deal in Canada could bring £870m to outsourcer Serco
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New deal in Canada could bring £870m to outsourcer Serco
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