Remote communication and IT solutions, Speedcast International (ASX:SDA) has signed a new contract, with Carnival Corporation, the world's largest leisure travel company.
They will provide remote communications and value-added services across the company’s global fleet of cruise ships.
The three-year material contract is expected to generate annual revenue of approximately 8- 9 per cent of expected full year 2019 revenue.
Speedcast has been delivering communications services to over 100 cruise ships across the various Carnival brands since 2013.
Shares in Speedcast International (ASX:SDA) are trading 1.32 per cent lower at $2:99.