Serco SEA re USAF NextGen IT task order win
Serco awarded US Air Force $82m (£63m) NexGen IT task order
2 April 2019
Serco Group plc
LEI: 549300PT2CIHYN5GWJ21
Serco Group plc ('Serco' or 'the Group'), the international service company, has been awarded a new task order by the US Air Force to manage, configure, deploy, sustain, and enhance NexGen IT solutions for US Air Force Civil Engineering (AFCE). The task order has a one-year base period with four option years and a six-month extension of service option, with a total value if all options are exercised of $82m (equivalent to about £63m). The task order was awarded under the GSA Alliant 2 Indefinite Delivery Indefinite Quantity (IDIQ) contract.
The US Air Force supports approximately 170 installations worldwide accounting for over 700 million square feet of facilities, more than 500 miles of runways, and some 10 million acres of land managed by approximately 66,000 civil engineers. Their NexGen IT programme supports the AFCE community in its work to improve efficiency and effectiveness. As part of this programme, the US Air Force deployed TRIRIGA, an integrated workplace management system owned by IBM, and has begun the process to upgrade all their installations to TRIRIGA by 2023. The system will provide the reliable, real-time information and analytics needed to prioritize projects, validate funding, and support the entire asset management lifecycle. Serco will perform the majority of the work at Maxwell Air Force Base in Montgomery, Alabama.
Commenting on the award, Rupert Soames, Serco Group Chief Executive, said: "The award builds on Serco's extensive experience using TRIRIGA to deliver workforce and asset lifecycle management solutions to numerous US Federal Government and other customers. We look forward to supporting the US Air Force in delivering capabilities and systems which are critical to their mission."
Ends
For further information please contact Serco:
Stuart Ford, Head of Investor Relations T +44 (0) 7738 894 788
Marcus De Ville, Head of Media Relations T +44 (0) 7738 898 550
About Serco
Serco is a leading provider of public services. Our customers are governments or others operating in the public sector. We gain scale, expertise and diversification by operating internationally across five sectors and four geographies: Defence, Justice & Immigration, Transport, Health and Citizen Services, delivered in UK & Europe, North America, Asia Pacific and the Middle East.
More information can be found at www.serco.com
Forward looking statements
This announcement contains statements which are, or may be deemed to be, "forward looking statements" which are prospective in nature. All statements other than statements of historical fact are forward looking statements. Generally, words such as "expect", "anticipate", "may", "could", "should", "will", "aspire", "aim", "plan", "target", "goal", "ambition", "intend" and similar expressions identify forward looking statements. By their nature, these forward looking statements are subject to a number of known and unknown risks, uncertainties and contingencies, and actual results and events could differ materially from those currently being anticipated as reflected in such statements. Factors which may cause future outcomes to differ from those foreseen or implied in forward looking statements include, but are not limited to: general economic conditions and business conditions in Serco's markets; contracts awarded to Serco; customers' acceptance of Serco's products and services; operational problems; the actions of competitors, trading partners, creditors, rating agencies and others; the success or otherwise of partnering; changes in laws and governmental regulations; regulatory or legal actions, including the types of enforcement action pursued and the nature of remedies sought or imposed; the receipt of relevant third party and/or regulatory approvals; exchange rate fluctuations; the development and use of new technology; changes in public expectations and other changes to business conditions; wars and acts of terrorism; and cyber-attacks. Many of these factors are beyond Serco's control or influence. These forward looking statements speak only as of the date of this announcement and have not been audited or otherwise independently verified. Past performance should not be taken as an indication or guarantee of future results and no representation or warranty, express or implied, is made regarding future performance. Except as required by any applicable law or regulation, Serco expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statements contained in this announcement to reflect any change in Serco's expectations or any change in events, conditions or circumstances on which any such statement is based after the date of this announcement, or to keep current any other information contained in this announcement. Accordingly, undue reliance should not be placed on the forward looking statements.
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