Capita Plc (LON: CPI) bags two-year contract extension with the MoD

1 min read | December 12, 2020 08:43 AM EST | By Team Kalkine Media

Google News:

Recent News

Is CES Energy Solutions (TSX:CEU) Entering a New Chapter?

Why Waste Connections (TSX:WCN) Keeps Finding Strength?

Sun Life (TSX:SLF) Stays In Focus With Steady Dividend Strength

Why Stria Lithium (TSXV:SRA) Is Emerging As A Penny Stock To Watch?

Make Kalkine Media
My Trusted Source

Capita Plc (LON:CPI) has been awarded a contract extension with the MoD (Ministry of Defence) to continue to provide the recruitment service for the British Army.

The contract extension of two-year will start in March 2022, when the current 10-year contract would end.
Under the original contract, the MoD had the option of extending the company’s contract, which has successfully been secured.
The contract is worth £140 million, and under the contract, the company will be delivering technology and digital improvements to the recruiting systems and processes. It will also continue to provide existing recruitment services.
Chief Executive Officer of Capita, Jon Lewis, commenting of the contract extension stated that as the company continue to transform the business, it marks another important contract renewal for the company this year.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.