BME:IDRIT
Assessing Indra Sistemas (BME:IDR) Valuation After The New Long Term Transport For London Contract
Why the new Transport for London contract matters for Indra Sistemas
Indra Sistemas (BME:IDR) has secured a long term contract with Transport for London to operate, maintain and develop the ticketing and access control system across the capital's extensive public transport network.
The agreement, valued at £524 million, or €605 million, and potentially extendable to £845 million, or €975 million, through 2039, positions Indra as TfL's single ticketing system provider after a transition...