SRT Marine Systems Secures $15 Million Contract for Maritime Surveillance Project

SRT Marine Systems ( (GB:SRT) ) just unveiled an update.

SRT Marine Systems PLC has signed a contract for the second phase of a long-term project to develop a national integrated maritime domain awareness system for a national coast guard, valued at approximately $15 million. Implementation will begin immediately, with completion expected by the end of 2025, followed by a five-year support phase. This project is part of a strategic plan to create a comprehensive maritime surveillance and management system supporting various government ministries.

More about SRT Marine Systems

SRT Marine Systems PLC is a leading provider in the maritime domain awareness industry, offering technology-driven solutions for coastal and EEZ surveillance, fisheries management, monitoring, and navigation safety. The company’s clientele includes government agencies such as Coast Guards, Fishery Authorities, and Ports & Waterway authorities, as well as commercial and leisure vessel owners.

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Current Market Cap: £134.9M

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