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LONDON - Serco Group (LON:SRP) plc, a provider of essential public services, has been awarded a significant contract by the UK Ministry of Defence to manage recruitment services for the UK Armed Forces. The contract, which consolidates recruitment for the Royal Navy, British Army, Royal Air Force, and Strategic Command, is valued at approximately £1 billion for an initial seven-year period, with the potential to extend to £1.5 billion if options for three additional one-year extensions are exercised.
The Armed Forces Recruitment Service (AFRS) is designed to centralize the military recruitment process, placing an emphasis on the candidate experience. The goal is to ensure the Armed Forces attract and enlist the necessary quantity and quality of personnel, while maintaining flexibility to adapt to changing requirements.
Serco will begin a 21-month mobilization phase in April 2025, with the new service expected to be operational in early 2027. The company, acting as the prime contractor, will collaborate with a team of partners to provide a comprehensive service that covers all stages from candidate attraction to assessment, and from enlistment to onboarding for initial training.
The AFRS will be managed through a combination of military service personnel and Serco’s workforce, and will include the oversight of all Armed Forces Career Offices in the UK. The service will be supported by state-of-the-art integrated technology aimed at enhancing the candidate experience and streamlining the recruitment process.
Mark Irwin, Serco Group Chief Executive, expressed the company’s pride in being chosen to partner with the Ministry of Defence, emphasizing Serco’s longstanding relationship with the MOD and commitment to adapting to its evolving needs. Similarly, Anthony Kirby (NYSE:KEX), UK & Europe Chief Executive, highlighted the importance of the contract in continuing Serco’s strategic partnership with the MOD and supporting military personnel throughout their careers.
This contract represents a significant milestone for Serco, reflecting its capabilities in delivering comprehensive recruitment solutions for the UK’s Armed Forces. This information is based on a press release statement from Serco Group plc.
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