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Simon Tucker, CEO of SRT Marine Systems discusses their US$180million contract to with a national Coast Guard and explains that it is just the first of many contracts in the years and decades to come.
HIGHLIGHTS
SRT Marine Systems plc ('SRT'), a global provider of maritime domain awareness systems and technologies for security, safety and environmental protection is pleased to advise that it has signed a US$180million contract to supply an integrated maritime surveillance and intelligence system to a national Coast Guard.
The signing took place at a confidential ceremony at the coast guard headquarters on Wednesday 17th May 2023 attended by the full leadership of the Coast Guard, local government officials and UK Embassy staff.
The project has an expected implementation period of approximately 2 years, followed by a support and data services period of 8 years. The implementation of the system accounts for approximately 85% of the value, with the remaining 15% related to support and data services.