Defence Holdings wins second UK authorities contract
Defence Holdings has secured its second contract with the UK authorities, a six-month pilot that begins instantly.
A pilot lacks the punch of a full-blown ongoing contract, however the reality that it’s the second with the UK authorities is encouraging.
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No worth was attributed to the contract or its potential future worth.
The software-led defence expertise firm stated the engagement was structured equally to its first authorities contract, with the corporate working instantly with buyer stakeholders all through the pilot.
Citing the confidential and security-sensitive nature of the work, it didn’t disclose the client or the appliance.
The firm, which solely grew to become revenue-generating with its first authorities contract in July, stated the award marked additional progress in its shift from creating expertise to delivering it for patrons.
Andrew Roughan, CEO of Defence Holdings, stated: “Securing our second contract with the UK Government represents one other vital step within the execution of our technique and demonstrates continued progress in changing buyer engagement into contracted exercise.
“Our strategy is constructed round working instantly with clients to know their necessities and develop sovereign software program capabilities towards real-world want. This second engagement offers us one other alternative to do precisely that, working alongside buyer stakeholders all through the preliminary pilot interval.”
Defence Holdings shares have struggled in latest weeks because the market appeared to lose confidence within the firm after administrators determined to speculate £2m of the corporate’s funds in an exterior fund they arrange.
Today’s announcement will assist gauge whether or not there’s any lasting harm.
