Synertec secures $45.5m Contract with Government Agency

Key points

• Synertec awarded $45.5m engineering services contract by Australian Government
• Contract spans 8 years, majority works in first 26 months
• No capital expenditure required for the project

Full summary

Synertec Corporation Ltd (ASX: SOP) has been awarded a significant engineering services contract by an Australian Government agency. The contract, valued at $45.5m, covers design development, detailed design, documentation, and construction support. The majority of the works will occur over the first 26 months of the 8-year program. The project will not require material project-related capital expenditure by Synertec. This contract is expected to strengthen Synertec's engineering business and its position as a trusted partner in delivering critical infrastructure engineering services.

Guidance

Synertec is evaluating the impact of this contract on its FY27 revenue guidance.

Outlook

Synertec is assessing the contract's impact on its FY27 revenue guidance, with an update to be provided once sufficient certainty exists.