No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Cybersecurity and managed security services group Shearwater said on Tuesday that it had secured an expansion to its existing contract with a central Government department for the provision of threat intelligence services.
Shearwater said the expanded contract had a total contract value of roughly 1.0m over a three-year term, reflecting both an extension of the contract duration and an increase in services consumed, supporting the delivery of existing FY26 market expectations.
Under the expanded arrangement, the Government department will consolidate threat intelligence services for smaller Government organisations, through an internal shared services model and acting as the lead organisation.
Chief executive Phil Higgins said: "This expansion demonstrates the strength of our relationship with a central Government customer and the value of our threat intelligence solutions. Extending the term and increasing service consumption supports the department's shared services model while providing a platform for further growth."
As of 0840 GMT, Shearwater shares were up 0.93% at 43.40p.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.