Ventia secures extension of Defence Maintenance Contract

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Stock Ventia Services Group Ltd (VNT.ASX)
Release Time 17 Feb 2026, 8:02 a.m.
Price Sensitive Yes
 Ventia secures extension of Defence Maintenance Contract
Key Points
  • One-year extension of $107 million Defence Maintenance Contract
  • Options to extend for further four years
  • Reinforces Department of Defence's confidence in Ventia's capabilities
Full Summary

Ventia Services Group Limited (ASX:VNT) has announced a one-year extension of its Defence Maintenance Contract (DMC) with the Department of Defence, valued at $107 million. The extension will be effective from 1 December 2028 with options to extend for a further four years. This reinforces the Department of Defence's continued confidence in Ventia's ability to support the Australian Defence Force units preparing for and returning from operations and exercises. Under the DMC contract, Ventia delivers integrated, large-scale support for Defence, covering the repair and maintenance of some of Australia's most advanced equipment, including tanks, surveillance systems, marine craft and protected mobility vehicles, alongside the operation of a 24/7 nationwide vehicle and equipment recovery service. The team has demonstrated significant surge capability to ensure operational readiness, consistently maintaining asset availability above 95% during high-tempo operations. Managing Director and Group Chief Executive Officer Dean Banks stated that this contract extension reinforces Ventia's position as a trusted sovereign partner to Defence and their proven ability to deliver integrated solutions in complex environments. Ventia has supported Defence capability for more than 36 years and remains committed to strengthening this partnership while exploring opportunities to broaden their services to meet the evolving needs of the Australian Defence Force.