ASX:SSMConstruction
Service Stream (ASX:SSM) Is Up 13.2% After Securing A$1.6 Billion Defence Contract
Service Stream announced it has secured a long-term base services contract with the Australian Department of Defence valued at approximately A$1.6 billion, covering 113 defence sites and training facilities in South Australia and the Northern Territory for an initial six years with options to extend to ten years.
This agreement marks a significant move into defence for Service Stream, broadening its operations and providing a stable, government-backed revenue stream while supporting the...