Downer EDI's (ASX:DOW) Defence Major Services Provider consortium has been awarded a contract extension within the Joint Systems Division of the Department of Defence.
The extension is for an additional four-year term and is valued at $154.5 million.
The Capability, Acquisition and Sustainment Group will have an option to extend services by another four years.
Team Downer MSP was awarded the first ever Integrated Work Package (IWP) under the MSP arrangement and has been working collaboratively with the critical systems branch to provide a range of services for the Department of Defence’s workforce.
Shares in Downer EDI's (ASX:DOW) are trading 2.38 per cent lower at $7.38.