Support services group Serco Group PLC (LSE: SRP) said it won a five-year contract from the Australian government valued at around AS$370 million to operate seven immigration centres and also announced it remains on track to deliver on its guidance for 2009.
The contract with the Australian Government Department of Immigration and Citizenship (DIAC) may be extended for a further four years. The transition from the existing service provider will commence in July, and is expected to be completed by November.
Under the contract, Serco will manage and operate seven adult immigration detention centres and provide national and international transport and escort services from Australia.
Chief executive Christopher Hyman commented: "This contract is also a particularly significant win for us, in that it demonstrates our ability to successfully leverage our world-leading home affairs capabilities to further broaden our presence in Australia."
In a separate trading statement ahead of the end of its first half tomorrow, Serco said it has seen a high level of activity in bidding across all our markets and regions. Since announcing in May it signed £1 billion worth of contracts in the firsts half to date, it has been selected on over £1 billion of further deals.
“We are making excellent progress with the integration of SI International, and we now have a strong foundation for growth in the world's largest government services market,”
“In summary, we have seen a sustained high level of activity throughout the first half, trading remains strong, and we continue to generate good cash flow.”
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