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Downer Secures $220 Million Defence Contract Extension

Story Highlights
  • Downer EDI Limited is a key provider of infrastructure services in Australia and New Zealand.
  • Downer has secured a $220 million contract to support Defence projects, reinforcing its industry position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Downer Secures $220 Million Defence Contract Extension

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Downer EDI Limited ( (AU:DOW) ) has issued an update.

Downer EDI Limited announced it has secured a new Integrated Work Package with the Capability, Acquisition and Sustainment Group to support critical projects for the Department of Defence. This contract, valued at approximately $220 million over four years, extends Downer’s role as a major services provider, enhancing its position as Australia’s largest sovereign Defence partner and reinforcing its commitment to strengthening Defence capabilities.

The most recent analyst rating on (AU:DOW) stock is a Hold with a A$6.10 price target. To see the full list of analyst forecasts on Downer EDI Limited stock, see the AU:DOW Stock Forecast page.

More about Downer EDI Limited

Downer EDI Limited is a leading provider of integrated services across Australia and New Zealand, focusing on delivering and maintaining essential infrastructure. The company operates in sectors such as roads, rail, ports, airports, power, gas, water, telecommunications, energy networks, health, education, and defence. Downer is one of the largest private sector employers in the region, with over 26,000 employees.

Average Trading Volume: 1,094,453

Technical Sentiment Signal: Buy

Current Market Cap: A$4.58B

See more data about DOW stock on TipRanks’ Stock Analysis page.

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