Downer awarded a contract extension with the Department of Defence

Company News

by Rachael Jones

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. 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.