Response to Ofgem statement regarding price consultation
Capita notes the announcement from Ofgem who have opened a consultation regarding the draft price disallowance determination for Smart Data Communications Company (DCC).
Read moreThe consortium, comprising Raytheon UK, Capita, Cervus, Rheinmetall UK and Skyral, will deliver the ACTS in partnership with the British Army.
Capita’s role will include strategic training needs analysis, training scheduling and management, and monitoring and evaluation of training effectiveness. The contract, which runs for 15 years, has an overall value of £2 billion, with £54 million expected to be allocated to Capita over the life of the contract.
Damian Riley, Capita’s Managing Director responsible for ACTS, said: “Being selected to deliver training as part of the Omnia Training consortium reflects Capita’s proven capability in military training transformation. Drawing on our experience supporting the UK armed forces, including through the Royal Navy training programme and Army Adventurous Training, we look forward to working with the British Army to help evolve collective training and ensure readiness for future operational demands.”
Notes to editors:
The IFRS 15 transaction price (order book) for the contract is £54 million over the 15 years of the contract.
For further information, please contact:
Investor enquiries
Helen Parris
Director of Investor Relations
Email: IRteam@capita.co.uk
Stephanie Little
Head of Investor Relations
Email: IRteam@capita.co.uk
Media enquiries
Email: media@capita.co.uk
About Capita plc
Capita is a modern outsourcer, helping clients across the public and private sectors run complex business processes more efficiently, creating better consumer experiences. Operating across eight countries supporting primarily UK and European clients with people-based services underpinned by market-leading technology. We play an integral role in society - our work matters to the lives of the millions of people who rely on us every day.
Capita notes the announcement from Ofgem who have opened a consultation regarding the draft price disallowance determination for Smart Data Communications Company (DCC).
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