LONDON (Alliance News) - Capita PLC said Thursday it has signed a contract with BAE Systems PLC to provide a new IT service for its submarine building business in a deal worth between GBP60 - GBP70 million to Capita over the next five years.
Capita said its IT Services division will provide an enhanced IT service model across the submarine building business in Barrow-in-Furness, Cumbria, which will be aligned with the wider BAE Systems group IT framework.
The company said the new service model will provide BAE with reduced service charges and higher levels of IT service management performance through using specialist teams focused in particular fields, such as end user computing, collaborative services and applications management.
BAE Systems Maritime - Submarines is currently designing and building the Astute class of nuclear powered attack submarines for the UK Royal Navy.
The companies have an existing relationship, with Capita IT Services providing services to BAE over the past eight years.
Shares in Capita were trading marginally higher Thursday morning, up 0.50% at 1,086.392 pence per share. BAE Systems shares were also higher, up 0.56% at 413.3 pence per share.
By Alice Attwood; aliceattwood@alliancenews.com; @AliceAtAlliance
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