Alcidion expands contract with Leidos Australia
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| Stock | Alcidion Group Ltd (ALC.ASX) |
|---|---|
| Release Time | 17 Nov 2025, 8:24 a.m. |
| Price Sensitive | Yes |
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Alcidion expands contract with Leidos Australia
Key Points
- Contract expansion for additional software modules from Miya Precision
- Total contract value of $12.3M over 2.7 years, adding $2.5M in ARR
- Expect to recognise $5.5M-$6.5M of new revenue in FY26
Full Summary
Alcidion Group Limited has announced the signing of a contract expansion with Leidos Australia to further expand the use of Miya Precision to enable Leidos to deliver on commitments to the Commonwealth of Australia. The total contract value for the expansion is $12.3M for the period until June 2028, adding a further $2.5M to Alcidion's annual recurring revenue. Alcidion will commence work immediately and expect to recognise between $5.5M - $6.5M of this new revenue in FY26. The contract term (to June 2028) aligns with the larger existing contract with Leidos Australia which has possible extensions out to 2036.
Guidance
Alcidion expects to recognise between $5.5M-$6.5M of the new $12.3M contract revenue in FY26.
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