SRT Marine secures £162m contract

SRT Marine System has won a $213m (£162m) contract to deliver a major project for an unnamed government.

The contract is to provide their national coast guard with a national maritime surveillance system. It includes the delivery of the system within two years and a 10-year support and maintenance package.

Simon Tucker, chief executive of Bath-based SRT Marine Systems, said: “This is a large and hugely exciting new project with a new customer in a new country, and the second contract of this scale to convert from our validated sales pipeline in the last 18 months.

“This new SRT system will equip the customer with significant maritime surveillance and intelligence capabilities which will assist in ensuring the safety, security and sustainability of their marine domain.”

The project is expected to begin before the end of the year, once the formal contract and associated performance bond are completed.