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Scisys locks in follow-on contract for defence sector project

Thu, 20th Dec 2018 14:13

(Sharecast News) - IT-based solutions and support services firm Scisys has secured a £2.4m follow-on contract in the defence sector.Scisys told investors on Thursday that the contract was for follow-on-work, continuing a defence project started in 2016 which it delivered successfully to schedule.The AIM-listed firm will cover software support and configuration management services, coupled with software development and enhancement in the logistics information department of its unnamed client.Scisys revealed the total contract value was £2.4m and will commence before the end of the year and carry on until December 2020. However, it noted the contract win had not altered its existing market guidance.Chief executive Klaus Heidrich, said: "We are delighted with this extension to our order book, which strengthens our position as a respected long-term supplier to the defence sector."As of 1410 GMT, Scisys shares had slipped 2.95% to 139.765.
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SciSys 1H Trading In Line With Views

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Small Caps round-up: Digital Barriers, Northbridge Industrial, Nanoco..........

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Small caps round-up: Max Property, Findel, SciSys

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Small cap round-up: YouGov, Lok'n'store, International Ferro...

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Small caps round-up: Borders & Southern, AT Communications, Scapa ...

Falklands Islands-focused oil group Borders and Southern said it is ready to seek partners for its licenses after defining a multi-billion barrel prospect inventory in the South Falkland Basin. The group posted a pre-tax loss of £4.7m in 2008, compared with £336,000. While noting that the price of

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15 May 2009 07:51

Scisys wins BBC gig

Software systems provider Scisys has won a framework contract with the BBC to provide audio editing and play-out solution. The contract is likely to be worth £10m to £15m and will run from 2009 to 2013 as the BBC refreshes most of its audio editing and play-out (AE&P) systems. Scisys’s subsidiary,

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