Serco Group plc (SRP.L) has been awarded a number of contracts providing a range of operational support, engineering and training services, known as Multi-Activity Contracts or MACs to the UK's Royal Air Force or RAF and Naval Air Command have a combined total potential value to Serco of 130 million pounds. Serco has rebid its RAF Northolt MAC, providing aviation andengineering facilities and logistics support at this major RAF airport,including maintenance and associated support of 32 (The Royal) Squadron, and at various satellite stations in and around London.
The contract, which begins in April 2012, is for a three-year period with options to extend by up to a further four years and would have a total value to Serco of nearly 70 millon pounds over the full 7 years. Also, the provision of aviation and engineering facilities and aircraft support atRoyal Navy Air Stations Yeovilton and Culdrose, together with varioussatellite stations, has been successfully rebid. This new contract commences in April 2012, is for a three-year period with two option years and would have a total value to Serco of about 40 million pounds over the full 5 years.
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